• 10 May 2013, 01:58 • Journals
This is like the Armstrong doping scandal of poker.
Phil Ivey, who is considered one of the world's best poker players, has sued Crockfords Casino, which by the way is the oldest casino in the UK. He is considered the best "cash player" in the Poker world, he has won several WSOP bracelets, big tournaments and he is also one of the most winning players in high stakes poker, yet Crockfords casino thinks he somehow cheated them. He is the image for the online casino Fulltiltpoker. He has won everything there is to win at professional poker. He is also one of my favourite players x)
He basically went one night to that casino, was playing Punto Banco with 50.000 stakes , lost about 500.000 and asked permission to raise the stakes to 150.000 (Pounds), which they agreed to do. He recovered his lost money and ended the night with 2 million Pounds in earnings. Next night he came back and won 5 more million, he asked them to wire transfer the money to his account and they said it was a bank holiday in the UK so to would transfer it next monday.
They didnt do that ofc, opened an investigation , sent ppl from Malasya to check the cards, chips, table,employees,etc-- --> They say the casino suspected not because of him but because of his asian female friend who is banned from one of their casinos for possibly being a known cheater. But those are speculations from the media so far. The casino won´t speak to anyone but the court and Ivey is doing the same.
It will be interesting to see how this case unfolds because that casino has a huge reputation but Ivey´s reputation is huge so whoever loses will go down big. Also such a big casino not paying such a huge respected player his earning expose them to a lot of bad press and when they loose they will have to pay the £7.2 million + the costs of Ivey´s lawyers and court fees. I personally think the casino has nothing on him and they will just ruin whatever reputation they got left for not paying the man his moneyz.
What do you think?
Btw this happened in August 2012 but the case should be clearing up this month or the next one according to what I heard in London.
Here more details from UK media:
Ivey, known as 'the Tiger Woods of Poker', claims that London's oldest gambling club owes him close to he won playing the casino game Punto Banco, a variant of Baccarat.
Crockfords, owned by the Malaysian Genting Group, is allegedly withholding money won by Ivey during a private gaming session of Punto Banco, when he visited the club in August last year.
Ivey is a seasoned card game player and has been recorded to be the world's sixth highest earner in Punto Banco tournaments, amassing a £9 million fortune in payouts from this game alone.
Phil "Saddened" by Crockfords Lawsuit
Phil Ivey has stated that while he is "saddened" to have had to reach the point of filing a lawsuit against the prestigious London casino, he was left with no other choice.
"Over the years, I have won and lost substantial sums at Crockfords and I have always honoured my commitments," he said in a statement.
"At the time, I was given a receipt for my winnings, but Crockfords subsequently withheld payment. I therefore feel I have no alternative but to take legal action."
Ivey's lawyer, Matthew Dowd added: "It is with great regret that Phil has been forced to issue court proceedings against Crockfords to secure payment of his winnings."
During a visit to the casino last year with his female companion, Ivey hit a winning streak at the game and over a two day period amassed winnings of over £7.3 million.
However, when he asked for his payout, the casino refused to hand over the money and instead opened an internal investigation.
Genting flew investigators from Kuala Lampur to review surveillance video footage, examine the cards used and interview staff and croupiers
The move was criticised in light of the fact that Punto Banco is a pure game of chance with virtually no way of being 'fixed'.
Genting Comments on Phil Ivey Case
As Phil Ivey sues Crockfords, a spokesman for Genting said that while comments were not usually made regarding individual members, an exception had been made in this case.
"In this rare instance we are able to confirm that our position, which is supported by strong legal advice, has been made very clear to Mr Ivey's solicitors from the start. We shall be filing our defence shortly."