At his regained to a normal state of health, he explained that he thought he would be lucky to win at the stake so as he could expand his intended business with a bigger capital.
At a point I don't see any business oriented ideal in this Friend because $1,000 ls good enough for a start of lucrative businesses.
I'm really skeptical if 1000$ can really give you a lucrative business in my country but maybe in your country since that amount is only the price of the business location with very rental small place but resorting to gambling using the funds that is intended for important matters is always a big red flag because you are risking the money that you can't afford to lose.
I thought the amount involved here is around 10K or more since it sounds like very serious while reading the introduction of the story including the colluding just to hide gambling. But I will do the same of hiding my gambling activity to others if someone knew enter to my place though even though I'm just playing for fun because it's not cool being known as a gambler in my country. Your friend is still lucky to still involve not that significant amount of money on gambling because he can easily repaid it through jobs.
It is either you are a high staker in the gambling or the $1,000 lost is as little not to be compared to your income rate that is why you are not moved by when this guy couldn't stand the fact that he lost $1,000 in the gamble. Well maybe I should recall to you that as financial levels differs so also we know the little and big amounts of funds we could be found as treasures which centrally depends on our incomes rate.
This is a local gambling in question and we are talking about a fund in a hard currency of $1,000 that is equivalent to #1,690,000 to his traditional currency. I guess you see a million plus is involved here. Haha.
This just to let you know how valuable the lost fund is and how such amount could attain a lucrative level of businesses within his locality considering that it was also a borrowed fund for a business purpose just as you are aware.