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Archie Karas: The Greek Gambler Who Won $40M and Lost it All

One day Archie Karas went to Las Vegas with 50 dollars in his pocket and built a spectacular career in gambling, winning and losing millions

Greece's Highest Court Bans Smoking in Casinos, Entertainment Venues

The Council of State, Greece's highest court, ruled that smoking be prohibited in casinos and entertainment venues exceeding 300 square meters, annulling a previous law, in a decision made known on Wednesday. The previous law, following a 2011 ministerial decision,...

Santorini, Crete Join Mykonos to Fight Casinos

                Local authorities in the Greek islands of Santorini and Crete have hit out at government plans to allow the casinos to open on the popular tourist destinations. Last week, the mayor of cosmopolitan Mykonos sent a letter to Prime Minister Alexis...

Parliament to Vote on Bill Allowing Casinos in Tourist Destinations

Greek lawmakers are preparing to vote on a bill that would legalize three casinos in the popular tourism destinations of Crete, Santorini, and Mykonos, and also allow the country’s current gambling establishments to relocate. The latter is perhaps the more...

Cyprus Says Casinos Could Ring Up $64M

Beginning what could be a long recession and economic crisis, and under austerity measures, Cyprus is planning to lift its ban on casinos in a frantic bid to find cash wherever it can, including gambling, Online Poker reported. The...

Crisis Hit Greek Gambling Industry Under Pressure

Prior to the crisis, Greeks were amongst Europe's most avid gamblers -in fact when it came to sports bets, they accounted for 20 percent of the European market and 20 percent of the global-not to shabby for a country...