Phil Ivey says 'it's just too bad' about Britain's oldest casino
Phil Ivey, a standout poker pro known as the "Tiger Woods of poker," has been in the media after filing a £7.3 million ($12.1 million) lawsuit against Crockford's Casino, the UK's oldest casino.
The poker legend claims that London's exclusive casino refused to pay out his winnings after he won £7.3m playing a private game of Punto Banco, a form of baccarat, at the venue last August.
Punto Banco Unpaid Bonus
As if being considered the most successful player in the poker world wasn't enough for nine-time World Series of Poker bracelet winner Ivey, who is said to have amassed a $14.6 million fortune playing Punto Banco, ranking him No. 1 in the card game Six make the list of top earners. But that doesn't mean he'll let Crockford Casino take his winnings.
"I am deeply saddened that Crockford Casino has left me with no choice but to take legal action," Ivey said in a statement provided by his legal team, adding that he has won and lost at the venue in the past. For large sums of money, he always fulfilled his duties. obligation.
On the night of his big win, the rock poker star reportedly lost £500,000 (about $750,000) in the high-stakes Punto Banco game with a young woman on his arm, represented by Crockford With approval, he continued to play for £150,000 (over $750,000). ). Spending $230,000 per hand trying to get out of trouble. He then turned his loss into a multi-million pound victory in just seven hours of racing.
Internal Investigation
Crockford withheld Ivey's winnings but sent him a receipt indicating an internal investigation was needed but gave no details about what it would look like.
A spokesman for Genting, the Malaysian company that now owns Crockford's, said its position "was made clear to Mr Ivey's lawyers from the outset, supported by sound legal advice. "We will be setting out our defences" shortly.
Since the game itself requires very little skill and is reportedly nearly impossible to cheat, Crockford's bosses are reportedly watching surveillance footage and questioning venue staff who may be trying to find Ivey's lucky charm. Regardless of Crockford's doubts, whatever they are, one wonders who would actually face Phil Ivey in any form of competition. After all, this man doesn't seem to know how to lose.
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Source: www.casino.org
