Poker standout Johnny Chan is the only gambler who actually beat Karas during the streak, taking $900,000 in a series of hold’em poker games.Īs legend has it, Karas lost the entire $40 million between 19. Most of the action took place at Binion’s Horseshoe in downtown Las Vegas. Karas is best known for “The Run,” which was detailed in a 1994 issue of “Cigar Aficionado.”įrom 1992 to 1994, Karas, played competitive games of poker and pool, beating out some of Las Vegas’ most famous gamblers - including the late Stu Ungar, Doyle Brunson, the late Puggy Pearson, the late Chip Reese, and the late Johnny Moss - during the hot streak. If convicted, he faces up to three years in prison. He is expected to be extradited to San Diego to face charges, including burglary and winning at gambling by fraudulent means. Karas, 62, is accused of cheating the Barona Casino in San Diego County out of $8,000 while allegedly marking cards during a blackjack game. A gambler who once turned $50 into $40 million during a legendary Las Vegas hot streak in the 1990s is sitting in the Clark County Detention Center after being accused of cheating at blackjack at a Southern California Indian casino.Īnargyros Karabourniotis, better-known in gaming circles as Archie Karas, was arrested Tuesday by Nevada gaming agents as part of a multiagency investigation.
