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Phil Ivey Wins £7.3 Million, Casino Launches Investigation and Withholds Payment[ return to main articles page ]

By: Dan Cypra    [See all articles by Dan Cypra]
Published on Oct 9th, 2012
In an article that popped up in the Mail Online that has been discussed at length on PocketFives, former Full Tilt Poker owner and front man Phil Ivey (pictured) booked a £7.3 million payday at a British casino, but the establishment has refused to pay out. Ivey racked up his winnings playing Punto Banco and, according to the Mail Online, "struck a remarkable winning streak." Maybe he got lucky, but the casino is acting like that something fishy could have happened.

Ivey was with what the Mail Online described as a "beautiful Oriental woman" at the time of his hot streak. The news outlet noted, "Staff, including the female croupier, were interviewed at length amid fears there may have been some form of collusion. This is thought to have been ruled out… Suspicions over the win intensified when it was discovered that his companion's membership of another Mayfair casino had previously been suspended. The reason for this has not been revealed."

The session in question occurred over a two-day period in August and lasted for seven hours total. Ivey has reportedly been repaid his £1 million stake, but despite not finding any evidence of cheating thus far, the casino, Crockfords, has not shelled out his winnings. Crockfords is a private club that has been around for nearly 200 years.

Posters in a thread in the Live Poker forum here on PocketFives pointed out the irony of Ivey, a former front man for the soon-to-be-reborn Full Tilt Poker, being unable to access his funds. Another PocketFiver observed, "Funny that the casino has a hard time paying out, but if he lost £10 million, we wouldn't have heard a word about it."

A poster on Two Plus Two pointed out that Ivey's hot streak might not be that preposterous: "£7.3 million at £150,000 per hand is <50 bets up. That is not even such an unlikely streak to go on from a casino's point of view, right? I guess they are just being little bitches."

Moreover, an article in the Daily Mail claimed that Ivey has not been accused of any wrongdoing: "Strangely, it is not even clear if Ivey has been accused of any wrongdoing. The police are not thought to have been contacted. The casino's insistence on keeping its hands on the money is all the more curious because Punto Banco, which Ivey chose to play, is a skill-free game in which the gambler plays only against the banker and seeks simply to get a score as close to nine as possible. This means that, as with a roulette wheel, it is almost impossible for a player to 'fix' the outcome."

While some posters asserted that the Daily Mail was potentially not a credible source, CNN picked up the story on Tuesday. According to the Atlanta-based news outlet, "The casino (pictured) has not had contact with legal representatives for Ivey" and Crockfords and the gambling commission declined to comment. CNN could not reach the eight-time World Series of Poker bracelet winner to solicit his reaction.

Also in question is whether Ivey was betting or whether the mysterious female who accompanied him was doing so. One poster on Two Plus Two wrote, "I'm sure this has been mentioned already, but Ivey didn't play a single hand, the woman that was with him played every hand of Baccarat." Given her membership to another Mayfair casino had been revoked, her winnings could be in question.

Check out the reaction from the PocketFives community by clicking here.

Comments

  1. Dont they know they are dealing with THE Phil Ivey... pay that man his monies
     
  2. Pics of oriental woman?
  3. Haha...ohh the irony. He want's his $$? Sounds like a little bit of justice to me.
     
  4. i noticed he was referred to as the former full tilt OWNER ,1st time i seen it worded this way
     1
  5. Be nice if his winnings could go straight back to the players at FT who got hosed.
  6. lol
     
  7. Good idea by that casino, let him "cheat" up to 11m and then refuse to pay him. If you think he's cheating, stop him from playing. Obviously they wanted to give him a chance to lose it back, which if they knew he was cheating is a dumb move on their end.
  8. He'll need to be briefed that this happened...He's probably been in 430 different games since then, gnip gnop in latvia, peruvian checkers in peruvia, dice in new york, canasta in baton rouge, shuttlecock in wales, maybe a cash game in between....etc etc
    Edited By: tripseekerx Oct 12th, 2012 at 04:35 PM
 
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