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Thread: Ivey wins £7m but casino refuses to pay out

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    Gold rickastley's Avatar
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    Ivey wins £7m but casino refuses to pay out

    http://www.dailymail.co.uk/news/arti...st_read_module

    Britain's oldest casino is investigating a £7.3 million win by the world’s top poker player – and is refusing to pay him a penny. Crockfords, the exclusive Mayfair gaming club, has informed the Gambling Commission that it is withholding Phil Ivey’s payout. A source with close knowledge of the dispute described the situation as unprecedented. Accompanied by a ‘beautiful Oriental woman’, Mr Ivey, a 35-year-old Californian, was playing Punto Banco, which is a skill-free variant of baccarat, when he struck a remarkable winning streak. The 184-year-old casino initially agreed to transfer the winnings to his bank account, but six weeks on it has returned only his £1 million stake. Instead it began an exhaustive inquiry.

    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. While it is unclear what, if anything, Mr Ivey has been accused of, lawyers for both sides are said to be engaged in an increasingly tense stand-off. It is not thought that police have been alerted. Sources said Mr Ivey played for two nights over the August bank holiday for about seven hours in all. 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. Crockfords, the oldest private gaming club in the world, is owned by Genting, the Malaysian gaming corporation.

    Genting investigators flew to London from Kuala Lumpur to speak to everyone who was working on the two nights in question and to examine hours of film from surveillance cameras. The cards used and the shoe they were dealt from were also scrutinised. ‘No imperfections, or marks, that would have given Ivey an advantage were found. In any case, Ivey at no time touched the cards,’ said a source. ‘The shoe was also thoroughly inspected; once again the investigators drew a blank.’ Mr Ivey, who once picked up £10 million in a poker tournament in Las Vegas, was playing in a small private room on the ground floor of Crockfords.

    He sat next to his companion. The only other people in the room were the croupier and an inspector. All the action was recorded on ten cameras. Mr Ivey was initially gambling £50,000 per hand, which can be over in less than a minute. He was later given permission by the management to increase his stake to £150,000. Punto Banco is the favoured game of high-rollers. The result is determined as soon as the cards are dealt – it offers marginally better odds than games such as roulette. At first, Mr Ivey’s losses were heading towards £500,000 but he recovered, and at the end of the first night was £2.3 million up. His winning form continued on the second night and by the time that he signalled he was ready to quit he had amassed £7.3 million. He told the management he wanted the money transferred into his bank account.

    The casino allegedly told him it couldn’t be done straight away because of the bank holiday, but assured him that it would be done on Tuesday, August 28. Mr Ivey left the club and the casino began an immediate investigation. Because of the difficulties involved, instances of Punto Banco cheating are rare. Twelve years ago a Triad gang used covert surveillance footage to read cards being dealt and relay a signal to a receiver outside the casino. The information was then transmitted to the player using a hidden earpiece. There is no suggestion that Mr Ivey is accused of using any of these methods. Although he is a respected figure in the poker world, casinos regard him as a ‘hit and run’ gambler, with a tendency to ‘quit after just a few hands if he wins big’.

    On this occasion, Mr Ivey, a divorcé, assured Crockfords bosses that he would play for a serious amount of time, and transferred £1 million into the casino’s bank. Mr Ivey declined to comment when approached by a Mail on Sunday reporter at a tournament in Cannes last week. ‘Please don’t talk to me. I am concentrating on my tournament,’ he said. His mother, Pamela Ivey, who lives in Las Vegas, said: ‘He never mentioned it. It can’t have been very important to him, or I think he’d have mentioned it.’ Last night a spokesman for Crockfords said: ‘As a private club we put great store on the confidentiality of the relationship between ourselves and our client and we therefore have no comment to make.’
    Ivey making the UK tabloids, can't remember that happening before.

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    Platinum cmoney's Avatar
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    Sounds as if they are trying to Joe Francis his ass

    This is why you got to love Vegas. If you win a large amount of money, they dont fuck around they just pay you.

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    Gold Anal_Hershiser's Avatar
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    Maybe 408 can send him a few steaks to square things up.
    Quote Originally Posted by 408Mike View Post
    Vegas is there any chance I can buy you some steaks and mail them to you or something?
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    I do believe Iraq was a huge mistake
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    Why the fuck is the world (cough US) allowing these backward fuckers have nukes.

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    Gold 408Mike's Avatar
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    A glimpse of what I see looking at your post



    Maybe 408 can send him a few steaks to square things up.

    Quote Originally Posted by 408Mike View Post
    Vegas is there any chance I can buy you some steaks and mail them to you or something?
    Quote Originally Posted by 408Mike View Post
    Paying you $50 is a luxury I can't afford right now....

    Any chance you can invest some time and effort into forging a life NOT obsessing over me?

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    Diamond shortbuspoker's Avatar
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    Wow. I dare say that this one will go to court. I imagine that being a private club they probably do not have the liquidity to pay it and keep the necessary funds on hand to cover outstanding chips in play. If there was an "inspector" in the room which I assume is their version of a gaming agent, Ivey should win easy should it go to court.

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    Serial Blogger BeerAndPoker's Avatar
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    Pics of the oriental chick or gtfo.

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    Diamond shortbuspoker's Avatar
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    Quote Originally Posted by BeerAndPoker View Post
    Pics of the oriental chick or gtfo.
    I love the word oriental. Much better than calling a chick Asian. Somehow or another it has become a borderline racist term in the US.

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    Bronze SpewArtist's Avatar
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    His mother, Pamela Ivey, who lives in Las Vegas, said:
    ‘He never mentioned it. It can’t have been very important to him, or I think he’d have mentioned it.’

    Ivey gives no fucks.

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    Diamond Hockey Guy's Avatar
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    He probably lied about his handicap.
    (•_•) ..
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    I'd say good luck in the freeroll but I'm pretty sure you'll go on a bender to self-sabotage yourself & miss it completely or use it as the excuse of why you didn't cash.

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    Gold Vwls's Avatar
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    Quote Originally Posted by shortbuspoker View Post
    Quote Originally Posted by BeerAndPoker View Post
    Pics of the oriental chick or gtfo.
    I love the word oriental. Much better than calling a chick Asian. Somehow or another it has become a borderline racist term in the US.
    I think at some point it was decided that "Oriental" describes objects, whereas "Asian" describes people. At least that's what I was told. So basically when you refer to an "Oriental rug," it's fine, but to use the term to describe a human is incorrect.
    ´*•.¸(*•.¸https://twitter.com/RealFckVwls¸.•*´)¸.•*´

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    Quote Originally Posted by Vwls View Post
    Quote Originally Posted by shortbuspoker View Post

    I love the word oriental. Much better than calling a chick Asian. Somehow or another it has become a borderline racist term in the US.
    I think at some point it was decided that "Oriental" describes objects, whereas "Asian" describes people. At least that's what I was told. So basically when you refer to an "Oriental rug," it's fine, but to use the term to describe a human is incorrect.

    That's why I like the word "gook" so much. There is no confusion.
    Quote Originally Posted by 408Mike View Post
    My mom has a few special requests actually, Vwls do you do any freelance work? For fun or at least pretty cheap? Mostly cutesy stuff with her horses and baby foal who is still a baby but a freaking huge one let me tell you.

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    Diamond PLOL's Avatar
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    Good. Give it to the FTP recovery fund.
    TRUMP 2024!

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    Just non-stop unrelenting LGBT propaganda being shoved down our throats.

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    phil ivey is just a degen gambler who went on a hot streak. obviously the casino knows this and there was no collusion involved. as mentioned above, the real issue is probably the casino not having the cash available to pay him.

    oops.

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    Diamond TheXFactor's Avatar
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    Sounds like it was Phil Ivey's attorneys that leaked this story to the UK newspapers in order to pressure the casino to pay up.

    How long ago was this?

    What poker tournament did Phil Ivey win in Las Vegas for £10 million?

    Since when does Phil Ivey live in California? Does Phil just visit his $4 million Las Vegas condo a couple of times a year?

    Phil Ivey has gotten fat.
    Attached Images Attached Images  
    Last edited by TheXFactor; 10-07-2012 at 12:08 AM.

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    Quote Originally Posted by TheXFactor View Post
    What poker tournament did Phil Ivey win in Las Vegas for £10 million?
    Most likely they just translated the prize money into £ so the typical reader wouldnt have to do the conversions themselves.

    Also, I seriously doubt a private club backed by asians would have issues paying out. More likely as the story suggests they suspected cheating or they couldnt be arsed paying.
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    NoFraud Poker Room Manager Belly Buster's Avatar
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    Quote Originally Posted by shortbuspoker View Post
    Quote Originally Posted by BeerAndPoker View Post
    Pics of the oriental chick or gtfo.
    I love the word oriental. Much better than calling a chick Asian. Somehow or another it has become a borderline racist term in the US.
    It's a UK paper - usually here Asian means Indian subcontinent and Oriental means Chinese/Thai/Jap etc.
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    Quote Originally Posted by GAMBLE-BOT View Post
    Quote Originally Posted by Vwls View Post
    I think at some point it was decided that "Oriental" describes objects, whereas "Asian" describes people. At least that's what I was told. So basically when you refer to an "Oriental rug," it's fine, but to use the term to describe a human is incorrect.

    That's why I like the word "gook" so much. There is no confusion.

    So true

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    Welcher jsearles22's Avatar
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    His mother, Pamela Ivey, who lives in Las Vegas, said: ‘He never mentioned it.
    It can’t have been very important to him, or I think he’d have mentioned it.
    Who the fuck doesn't tell their mom someone is trying to screw them out of $7 million other then Warren Buffet?
    It's hilarious that we as a society think everyone can be a dr, a lawyer, an engineer. Some people are just fucking stupid. Why can't we just accept that?

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    Gold abrown83's Avatar
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    I have been ranting for a long time about the use of the word Asian.

    Asian could mean, 5'10" super hot blonde chick from Russia.

    It also cracks me up that we lump 60% of the world's population into a single term.


    Also, what does AIDS education and prevention mean in Africa? 40% population growth over the next 15 years. Maybe we should teach them about birth control as well?

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    Quote Originally Posted by abrown83 View Post
    Asian could mean, 5'10" super hot blonde chick from Russia.
    When I hear "Hot Asian" I do not think of this.

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