This REALLY happened. Baldwin was the President of the Mirage at the time, and had access to big bucks. They started out for 100 a game and it quickly escalated. Archie had only a few thousand dollars to his name when the game began. They played off and on for several days, and Archie did in fact win over a million dollars in cash!
From there they went to a private room at the Mirage and played heads up poker. Archie doubled his winnings playing poker. Finally Baldwin was done, but Archie then asked if he could play Dice in the casino and would Bobby have them raise the limits for him. BOOM, he wins two million more! Now he had a monster bankroll and took on Las Vegas. All casinos were now fair game for Archie.
Archie ran his bankroll up over thirty million within a couple of months. It was the greatest roll in Vegas history. He had emptied out the cage at the Horseshoe downtown, and had TEN MILLION in $5,000 chips in a box there. They were forced to buy back some of the chips from him.
The IRS got wind of all this and charged Archie four million in taxes. He claimed losses against winnings and they allowed most of it. He did have to pay them four mil though. He had well over twenty million left, spread out in cages across Vegas. Over the next two years, Archie spent and lost most of the money. A couple of years later, he was running around Vegas claiming he was broke. He was down to his last few hundred grand.
Since this monster score, Archie has several times run up over a million in winnings, but has never approached his once in a lifetime score. Doubtful he ever will. But it certainly isn't for lack of trying. I saw him last trip and he was hanging around the WSOP trying to get staked.