Mister Cash

"Owning Mahoney" tells of a bank account manager and pathological gambler who lives from one wager to the next on a collision course with oblivion. A powerful and compelling tour de force by Hoffman - who once again proves he ranks among the actor's actors with the likes of Brando, Pacino, and Nicholson - this engrossing film claims to be a true story of a man, money, and an obsession of remarkable proportions. A worthwhile watch for Hoffman fans and anyone into character studies, particularly of obsessive-compulsive types. All others stay away. (A-)

`Some folks believe that everyone has a public life, a private life and a secret life.'

These are the opening words of `Owning Mahowny,' a fascinating real-life tale of a compulsive gambler whose life falls to pieces when he begins embezzling funds from the bank where he works in order to feed his obsession. Dan Mahowny's `secret life' became public in the early 1980's when he was finally arrested and convicted on charges of bank theft. Philip Seymour Hoffman, who has made a career out of playing sad sack, tormented souls, gives one of his richest performances to date as Mahowny, a mild-mannered man caught in the grip of that compulsive sickness known as gambling addiction. Minnie Driver plays his devoted girlfriend who loves Dan dearly but who cannot bear to stand by and watch helplessly as he slowly but inexorably destroys his life.

If the film were only about Mahowny's gambling problem, it would be no different from countless TV movies made on the same subject. What sets this film apart is the way in which writer Maurice Chauvet (working off the original novel by Gary Stephen Ross) and director Richard Kwietniowski make the background of the story as compelling as the foreground. The astute, observant script focuses as much on the ins and outs of the casino and gambling worlds as it does on the personal travails of its main character. Particularly intriguing is the way in which high rollers are followed and coddled by the casino owners using both high tech equipment like cameras and monitors as well as plain old-fashioned flattery, obsequiousness and deceit. John Hurt, in a brilliant performance, plays a smarmy casino operator in Atlantic City who will stop at nothing to make Mahowny feel at home in his establishment – all for the purpose of having his new found `friend' gamble away a fortune at his tables, of course. The film is, in fact, filled with interesting side characters, including a sympathetic bellhop, who befriends Dan and who tries to convince him to leave the casino he happens to work for; several of the petty loan sharks with whom Dan finds himself inextricably connected; and a whole host of law enforcement officials whose job it is to bring Dan in on grand theft felony charges.

The filmmakers have taken a laid back, subtle approach to their material. They allow the story to develop slowly, offering us the chance to get to know Mahowny and his world at an unhurried, leisurely pace. Since Mahowny is, himself, such a secretive, quiet character, it is appropriate that the film that bears his name should also reflect that quality of muted sadness in its pacing and tone. Towards the end, however, once the authorities begin moving in for the kill and we sense the inevitable grip of Fate tightening around this strangely likable character, the film becomes both highly suspenseful and immensely moving at one and the same time. What's fascinating is that we are always one step ahead of Mahowny in our understanding of what is about to befall him. As in all great tragedies, it is the Cassandra-like burden placed on the audience – that of being able to see the future with no hope of doing anything to prevent it – that gives the film its air of pervasive sadness.

`Owning Mahowny' is a beautifully written, directed and acted film that opens up for us a strange and fascinating world.

This is based on a real story that happened in 1980-82. Dan Mahowny (Philip Seymour Hoffman) is the youngest assistant manager of a major bank branch at the heart of Toronto's financial district. Little does anybody know, he has a gambling addiction. He uses his position to steal millions to feed his gambling habit.

This is all about Philip Seymour Hoffman. He is amazing. He isn't just a great co-star. He is the lead. He is the star. And he is compelling. He's been great as the brilliant actor's actor for many years acting beside some of the greats in some great movies. Two years after this, he will win best actor for his own great movie 'Capote'.

The style is strip down. PSH has those 80s glasses. Mostly there is his desperation and his obsession. Minnie Driver goes blonde and I don't really recognize her. Maury Chaykin is great as the bookie.

In "Owning Mahowny," Philip Seymour Hoffman proved before his Oscar win to be one of the great actors of his generation, playing a compulsive gambler who embezzles millions from his employer, a bank. Dracula is in charge of the blood bank.

Mahowny is a fascinating character. He's a cheap slob who drives an old car. Though he loves his girlfriend (Minnie Driver), he hasn't confided in her. In fact, he lies to her, as he lies to everyone. His god is gambling -- not money, just gambling. As Frank Perlin (Maury Chaykin), one of the guys who takes his action attests, "He just wants to have the money to lose."

We watch Mahowny get in deeper and deeper, creating false loans and stealing from his clients. He becomes a VIP at an Atlantic City casino where he is given the best of everything and offered even more, but he's not going to do anything that takes away from his time at the tables. Unbeknownst to him, the Feds are interested in some of his associates and become curious about this Mahowny guy, thinking he may be in on a drug racket.

This movie will keep you hooked throughout. Hoffman is brilliant and even sports a Canadian accent (the film was made there and the real Mahowny is Canadian). Hoffman comes from my home town, and as we are close to Canada, he is familiar with the accent.

The rest of the acting is uniformly good, with the standout being the remarkable John Hurt as the casino owner who wants Mahowny to keep throwing money at the casino and will do anything to keep him there. The insight into the gambling world is amazing, and may keep you away from the tables the next time you're in Vegas or Atlantic City.

For anyone in Dan Mahowny's life who cared to look, all the signs were there. Bad hair, disheveled clothes, no overcoat in Toronto in winter, empty apartment and a '74 Dodge Dart. He should have had more but did not. He had everything the addict needs - a source of income, a source of his addiction and several "enablers" in his life.

Owning Mahowny tells the famous and true story of a mid-level bank manager at the CIBC, who in the early 80s, stole $10,000,000 from several high profile clients, and a few non-existent ones. All the funds were lost in Atlantic City and Vegas. But this is not a con movie, it is far more clever than that. It is a detailed and devastating study of a gambling addiction.

We all know that Mahowny will get caught, but how and when. He has no record, is not a criminal and he is well respected at his job. What this film does almost better than anything is reveals how the day to day events allows the protagonist to prolong his inevitable collapse.

As the film progresses, Mahowny becomes more and more paranoid. Every open file, every meeting and every phone call represents his potential downfall. Note how he maneuvers through key meetings and audits. But he is not afraid of getting caught, he is afraid of losing his lifeline to the thrill of the bet.

You just simply cannot say enough about both the leads in this film. Philip Seymour Hoffman is spot on perfect as Mahowny, focused on the next hand, rarely raising his eyes to the camera. John Hurt is also wonderful as the malevolent casino boss who is all too happy to take Mahowny's money and not care where it came from.

Had this film received better backing, Hoffman may well have received his first Oscar nomination. As it stands, you will have to seek this out on DVD. It is an edgy and well directed study in to the mind of an addict. Not perfect, but I loved this from start to finish. ***1/2 out of ****.