Notorious gambler's luck just ran out - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Notorious gambler's luck just ran out

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EL CAJON (CNS) - A gambler known for winning and losing tens of millions of dollars pleaded not guilty to charges Friday in connection with an alleged card-marking scam at the Barona Casino in eastern San Diego County.

Anargyros Karabourniotis, 62, also known as "Archie Karas," was arrested last month at his Las Vegas home and was extradited to San Diego Thursday, according to the San Diego County District Attorney's Office.

After his arrest, prosecutors said Karabourniotis was spotted on surveillance cameras marking cards in July by members of the Barona Gaming Commission. They contend that he cheated the casino out of $8,000.

He was charged with winning by fraudulent means, cheating and burglary. Judge Charles Ervin set bail at $50,000 and scheduled a readiness conference for Oct. 25.

"The charges filed in this case send a message to anyone who might be tempted to cheat casinos in San Diego County," District Attorney Bonnie Dumanis said in a statement. "It's a bet you're going to lose, because law enforcement is watching. We will catch you and hold you accountable."

Between 1992 and 1995, Karabourniotis had a run of luck in which he turned an initial $50 into $40 million by playing poker and dice games, winnings he subsequently gambled away.

The California Department of Justice Bureau of Gambling Control and Nevada Gaming Control Board assisted with the investigation into the Barona case.

Karl Bennison of the Nevada agency said they have investigated Karabourniotis multiple times, and arrested him on four occasions. He described the defendant as a "threat to the gaming industry in many jurisdictions."

The Greek native faces three years and eight months behind bars if convicted.

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