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$40 Million Man Archie Karas Charged with Casino Cheating

$40 Million Man Archie Karas Charged with Casino Cheating

Archie Karas was looking good back in the mid 1990s whenever he won $40 million. Now he’s been charged as a card cheat in a California casino.

One of the planet’s many gamblers that are famous been charged with cheating and defrauding a casino; Archie Karas, now 62, who had been thought to have built up $40 million in winnings over three years in the mid 1990s from an authentic $50 stake years ago only to lose it all back, was allegedly caught marking cards at a blackjack table in a California casino recently.

Arrested at Their House

Based on authorities, Karas was taken into custody last week at his Las Vegas house. Karas will be extradited to San Diego to face charges of burglary, cheating and winning by fraudulent means. Karas could potentially confront 3 years in prison if he is convicted of all charges.

‘This defendant’s fortune ran out thanks to extraordinary cooperation between various legislation enforcement agencies who worked together to investigate and prosecute this case,’ said Bonnie Dumanis, San Diego County District Attorney.

The case was opened in July, after Karas whose real name is Anargyros Karabourniotis had been seen on safety cameras marking cards in a blackjack game using small amounts of dye. Karas ended up being marking all of the cards worth ten (tens, jacks, queens and kings), aswell as aces, so that you can gain a plus over the Barona Resort and Casino in Lakeside, California, whic

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Cantor Gaming CEO Under Possible Investigation by Feds

Cantor Gaming CEO Under Possible Investigation by Feds

CEO Lee Amaitis (center) recently launched the Cantor Gaming Atlantis sports book; some say he is under federal scrutiny now

Not a goes by in the gaming universe without someone in a position of power somewhere being scrutinized by the feds anymore, it seems day. Now Cantor Gaming CEO Lee Amaitis is under the spotlight, according to the The Wall Street Journal, on the layer tail of colleague Michael Colbert Cantor’s now released vice president of danger management whom pled guilty simply last month to knowingly accepting unlawful wagers.

Denial from the Top

Parent company Cantor Fitzgerald was fast to deny the rumor, however, saying within an issued statement: ‘We feel compelled to address this reckless and baseless rumor. The notion that Lee Amaitis is a target of federal prosecutors or which he participated in unlawful bookmaking is baseless and false.’

Of program, Anthony Weiner also vehemently denied he was still sexting, therefore there you go when it comes to denials of rumors.

Accepting wagers from ‘runners’ people whom spot bets for an operation is illegal in Nevada, where Cantor Gaming is headquartered.

It could undoubtedly behoove the sports book company to distance themselves from any further insinuations of illegalities, given that Amaitis just attended opening ceremonies for a brand new Cantor Gaming race and sports books at the Atlantis Casino on Paradise Island within the Bahamas. The company now h

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Gansevoort Las Vegas Set to Open in Early 2014

Gansevoort Las Vegas Set to Open in Early 2014

The former Bill’s Gamblin’ Hall (seen right here) is being changed completely into the Gansevoort Las Vegas for an early 2014 opening

Since the recession hit Las Vegas time that is big years back, it’s been an extended dry spell without the new casino openings. Several which were partially built were then abandoned, although a number of those, such as the Echelon-now-Genting-Resorts-World, are on their long ago up.

Luxury Boutique Hotel Set to start in 2014

But before that behemoth is completed, a smaller however very property that is visible be making its first: the formerly tacky Barbary Coast-turned-Bill’s-Gamblin’-Hall that is being changed in to the Gansevoort vegas for an early 2014 opening.

The home in a prime real estate spot right opposite Caesars plus the Bellagio, on the part of Flamingo and the Las vegas, nevada Strip gets its makeover courtesy of Caesars Entertainment Corp. (whose spending habits, inspite of the greatest debt ratio in the gambling industry, makes any sugar daddy’s girlfriend look frugal) and W.A. Richardson Builders.

The property has an interesting history, as therefore many casinos do on the Strip.

Special Licenses Required

When casino impressario Michael Gaughan who additionally owns the equine stable-equipped South Point in the Strip that is far south first the 1.7 acre home straight back in 1979, he built the Barbary Coast on it, but not without jumping through some hurdles. After razing a ru