Legendary Greek Gambler Archie Karas' Losing Streak Continues

Greek-American gambling legend Archie Karas is currently facing the possibility of up to three years in prison, having apparently been caught cheating while playing blackjack at a San Diego casino. Commenting on the incident, county District Attorney Bonnie Dumanis, said:
“This defendant’s luck ran out thanks to extraordinary cooperation between several different law enforcement agencies who worked together to investigate and prosecute this case.”
Archie Karas (born Anargyros Karabourniotis) is considered to have enjoyed one of the longest documented winning streak in gambling history, having turned a $50 bankroll into more than $40 million over a three year period between 1992 and 1995. Just like Nick ‘The Greek’ Dandolos, who is said to won and lost around $500 million ($5 billion in today’s money) over his lifetime, Archie Karas, too, succumbed to the gamblers fate and eventually blew his whole $40 million fortune over a three week period.
That may help to explain why the 63 year-old poker player, gambler and pool shark has landed himself in trouble with the authorities after allegedly being caught marking the blackjack cards while playing at San Diego’s Barona Casino in July. Apparently, Archie Karas won $8,000 on that occasion but failed to collect the money after the whole incident was caught on camera. Following his arrest, a search warrant subsequently executed on Karas’s home revealed hollowed-out chips from other casinos, in which he would apparently hide the marking ink and wipe over the playing cards while at the gaming table.
In the past, Archie Karas’ extreme sense of gamble would often put casinos on the back foot demonstrated by the fact he would often shoot craps for $100,000 a roll and win $3 million over a few days, an amount that could have been even more had the casinos allowed him to play at higher stakes. Unfortunately, now Karas would seem to pose a different threat to the casinos, and since his dramatic downfall has been accused of cheating on several occasions. As The Nevada Gaming Control Board enforcement chief Karl Bennison, said in a statement:
“The Nevada Gaming Control Board has investigated Karas on multiple occasions resulting in four arrests. Karas has been a threat to the gaming industry in many jurisdictions.”