A real estate agent is now bankrupt after gambling away more than $250,000 which he stole from a business partner to fund his addiction.

While the businessman he stole from has found success after the setback which nearly tipped him under, he says he has not only forgiven the offender but believes gambling should be prohibited.

On 21 occasions Lewis Robert McIlroy, 70, stole commissions and marketing fees to the tune of roughly $264,000 from Andrew Spencer Murray.

This week McIlroy was sentenced in the Auckland District Court to 10 months' of home detention, 200 hours of community work and