Sir Charles to Quit Gambling?

Charles Barkly announced Monday night that he was quiting gambling on TNT's pregame show before game seven between the San Antonio Spurs and the New Orleans Hornets.

ESPN reported that Barkley admitted that he has lost between $50 million and $60 million in the past 12 years due to gambling.

Barkley's latest gambling problems include a $400K gambling debt to Wynn Resorts in Las Vegas. This led to Barkley's announcement that he would quit gambling and that he has paid the money back entirely.