TMZ reported further details, saying that Oakley pulled back a $100 chip once he realized he was about to lose his bet. Oakley was booked into the Clark County Detention Center without incident, the board said.He is scheduled to appear in court August 7. He faces between 1 to 6 years in prison if convicted.
"This is not a significant matter and we expect it to be resolved quickly", Oakley's attorney Alex Spiro told ESPN.
The six-foot-eight Oakley was a rugged enforcer playing alongside Patrick Ewing and has kept his tough-guy persona long after retirement, trading barbs with former rival Charles Barkley.
Oakley is also facing a string of unrelated minor charges, most notably a civil suit against Madison Square Garden and Knicks Owner James Dolan following a courtside bust-up in February 2017.
Oakley played for the Knicks from 1988 until 1998, helping them reach the 1994 NBA Finals alongside Patrick Ewing, John Starks, the late Anthony Mason and head coach Pat Riley. Oakley got in a fight with a security guard, causing a pause in the game, before being dragged away. (Spiro told Law&Crime in an email on Thursday that the NY case was dismissed and sealed.) Oakley has sued MSG and arena owner James Dolan over the incident. Following that arrest, he was charged with misdemeanor assault and trespassing and subsequently had the charges dropped when he agreed to a plea deal.
In May 2011, Oakley filed a lawsuit against the Aria Resort & Casino in Las Vegas for an alleged "gang-style beat down" by security in 2010.