Phil Ivey wins $11 Million - Casino refuses to pay

[masondub]

Bad rep for casino. Need to pay up.

Agreed... Why in the world would Phil Ivey need to cheat to win.. Pretty damn pathetic of the casino if you ask me. But actually really... Who knows maybe Phil did do something that is against the rules. We will probably never get the whole story.

 

[valientone]

dang, seems like phil would've known once he didnt get his winnings on the 1st day... or how does the 2 day trip thing work, how would he keep a record of his winnings?

 

[Infector101]

$1 Million stake... I couldn't even imagine risking that kind of money in a no skill all luck game.

 

[FastOne]

$1 Million stake... I couldn't even imagine risking that kind of money in a no skill all luck game.

Well, I can't even imagine risking that amount of money in a skill game.

 

[theinmate]

they should have to pay him that is total bs...like someone said earlier when u lose they want their money

 

[twiztidwolff]

Just noticed this thread wow that is absolutely nutso stuff. Wonder what the full result was.

 

[likips]

Ivey walking around and closing casions...

 

[OzExorcist]

dang, seems like phil would've known once he didnt get his winnings on the 1st day... or how does the 2 day trip thing work, how would he keep a record of his winnings?

If he and the casino had both agreed he was coming back the next night then his winnings probably went straight to the cage so they were there for him to use again the following night - they wouldn't bother wiring them to his account just so he could wire them back a few hours later.

He'd keep track of his winnings the same way any of us would, by the amount of money he has on the table. They're just bigger numbers to deal with is all (and obviously he's buying in / cashing out using wire transfer rather than cash in his pocket).

 

[ibsiegel]

does anyone know if he got paid or not?

 

[naruto_miu]

*shrugs*


Chances are the casino paid Ivey his money months ago, and neither party bothered to inform the public because at the end of the day, it's really none of the public's business.

I'm still really having trouble seeing why so many people, most of whom seem to have little to no understanding of how the high-roller B&M world works, are taking such a huge interest in this

The reason would be because, Its a casino refusing to pay , but no really It more than likely has to do with the fact that the story is odd and bizarre in-itself, that it catches your attention

does anyone know if he got paid or not?

As OzExorcist has stated, the casino more than likely paid Ivey months back, and are not stating so...Yet the question that, that would bring to my mind is, would that not leave the casino in question with a negative rep over all

 

[aero87]

It would probably be worth it for the casino to stall, do whatever possible to try to not pay him. It is a large sum of money. Either pay out 7mil euros or a small chance to not pay it out?

People do the exact opposite by playing the lotto. Either don't win (by not playing) a jackpot or a small chance to win the jackpot.

Insurance companies do this stuff all the time. Oh your house burned down? You got hurt at work? Well we are going to deny the claim and do everything we can to not pay you by launching every investigation.

This casino matter will probably be settled in private with non-disclosure agreements anyway, so we may never know.

 

[jsconny]

That's some B.S. They need to pay that man! Ivey Ivey Ivey!!!!

 

[OzExorcist]

Yet the question that, that would bring to my mind is, would that not leave the casino in question with a negative rep over all

Not really. Without cheating and looking back at the first page of this thread, how many of us can even remember what casino this happened at? I think I can, but I'm not 100% sure.

*cheats and looks*

Well bugger me, I was actually wrong.

And as discussed previously, the only people who really matter in this respect are the whales. They're the only ones who'd stand to lose substantial sums of money if something like this happened to them, and on the flipside, they're also the only ones that the casino would be particularly concerned about losing too.

Those concerned whales will all have been taken out to an expensive dinner or something by a casino host months ago to alay their fears.

Plus we're not talking about ordinary consumers here, we're talking about gamblers. Y'know, the kind of people who kept playing on Absolute and Ultimate Bet after the cheating scandals. If the action is good (and the fringe benefits are good) they won't care.

 

[BluffyouBAD]

I would be shocked to find out he was cheating. I am reasonably shocked he would gamble for a million dollars lol.

He loves to gamble. Check out his E60 with ESPN on youtube sometime. It's like 25 minutes or so and it gives you an idea of how the guy lives.

I would be crushed to find out my man Phil Ivey is a cheater. I am his 3rd biggest fan behind of course the The old couple from atlantic city (the humphries?) and Norman Chad.

 

[Matt Vaughan]

Wouldn't that make you his 4th biggest fan?

Unless old people couples count as a single person. :dontknow:

 

[lukemcintyre]

Don't know if this is a repost or if this has already been discussed, fairly sure it isn't though. But Phil Ivey today announced "'I am deeply saddened that Crockfords has left me no alternative but to proceed with legal action, following its decision to withhold my winnings."

From DM again, here's the link:

http://www.dailymail.co.uk/news/art...h-Court-winning-7-8million.html#ixzz2SiRMfE3f

 

[inflnlte]

Im glad he finally took legal action. Hopefully he gets his money, not that he needs it, but the casino can't keep it!

 

[Mursilis1]

Interesting story, I hadnt heard about it. THanks for posting!

 

[cosmin404]

no way ...such lame excuse for that casino.no way I vey cheating..anyway that casino will lose a lot of credibility.what respect they cand ask for now?

 

[Poker Orifice]

They should ship the moniez it to his US Fulltilt account!

 

[beerobrian]

Ivey would never have to cheat. He's a pro and no stupid enough to cheat.

 

[IceRedefined111]

Most ridiculous story every. He will be paid in full. Worst run casino in history obv. Used same deck 2 days in a row. At a high roller event no less. Really??

 

[rhombus]

http://www.grantland.com/blog/the-triangle/post/_/id/62856/the-curious-case-of-poker-pro-phil-iveys-punto-banco-rake Looks dodgy

 

[OzExorcist]

The more that comes out about this story, the more that I'm convinced the casino was freerolling Ivey. The casino staff were clearly watching the game closely and they would've recognised what was going on.

The only reason I can see for them allowing the game to continue is that they figured they'd get to keep Ivey's money if (despite his edge) he still lost and if he won, they'd just go to the tapes, point out that he was edge sorting and withhold his money.

On the flipside, Ivey is no casino novice and he'd have to know all of the above - he'd have to know that the casino would see straight through what he was doing. He'd know that casinos aren't in the habit of allowing people who advantage play them to keep their winnings.

So what's really got me wondering is how he thought he'd be able to get away with it... in a lot of ways it seems Ivey and the casino were actually metagaming each other over the course of this session.

Ivey would never have to cheat. But he's a pro and no stupid enough to pass up on a huge +ev spot when he sees it.

FYP.

It's debatable whether what he did was actually cheating - after all, he never actually touched the cards, all he and his companion did was look at them. It was the casino employees that arranged the deck to his liking and let him keep playing with that deck.

 

[tracyrickrobby]

does sounds sorta dodgy!! and like get real Phil Ivey cheating!! no reason too! he is one of the best players around!! sounds like they just didnt have the funds to pay him!!