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Londons oldest casino refuses to pay out £7.3m poker win

 
Anonymous Coward
User ID: 21041180
United Kingdom
10/07/2012 04:32 AM
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Londons oldest casino refuses to pay out £7.3m poker win
[link to www.dailymail.co.uk]

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.
Anonymous Coward
User ID: 9128390
Australia
10/07/2012 04:37 AM
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Re: Londons oldest casino refuses to pay out £7.3m poker win
Gangsters.
Dr.Smith

User ID: 25111541
Australia
10/07/2012 05:01 AM
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Re: Londons oldest casino refuses to pay out £7.3m poker win
7.3 million would be like 70k to Phil Ivey
"I know the human being and fish can coexist peacefully," G.W.Bush
Anonymous Coward
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United Kingdom
10/07/2012 05:15 AM
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Re: Londons oldest casino refuses to pay out £7.3m poker win
This would be Phil Ivey the PROFESSIONAL POKER PLAYER who hit a "lucky" streak.


Oh yeah really likely.............


hf
Anonymous Coward
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Germany
10/07/2012 05:24 AM
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Re: Londons oldest casino refuses to pay out £7.3m poker win
nuke it
Anonymous Coward
User ID: 19420840
United States
10/07/2012 05:34 AM
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Re: Londons oldest casino refuses to pay out £7.3m poker win
they dont have it...
Anonymous Coward
User ID: 7220973
United Kingdom
10/07/2012 05:54 AM
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Re: Londons oldest casino refuses to pay out £7.3m poker win
In the UK, this cannot be enforced by law.

Gambling debts are "debts of honour" between private parties.

Crockford's would be stupid not to pay up, however, as their reputation is all they've got as a casino.
Anonymous Coward
User ID: 25025649
United Kingdom
10/07/2012 06:18 AM
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Re: Londons oldest casino refuses to pay out £7.3m poker win
If phil Ivey put in 1 million stake and won 7 million, thats only a 7:1 odds. So there is no foul play here at all. The casino lost and are bad losers and just dont want to pay. Thats being nothing more than a cheat and a ganster organisation.
Shoot straight Johnny

User ID: 25114209
United Kingdom
10/07/2012 06:39 AM

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Re: Londons oldest casino refuses to pay out £7.3m poker win
six weeks on it has returned only his £1 million stake.
 Quoting: SheldonCooper


His What stake? Was he playing with monopoly money?
union

The chariots of God are tens of thousands, and thousands of thousands.
lupa14714

User ID: 23350068
United Kingdom
10/07/2012 06:53 AM
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Re: Londons oldest casino refuses to pay out £7.3m poker win
they're all crooked as hell.years ago on an east fenton farm they had a fete,one of the stalls had 6 dice,and let all the kids and adults pay £i.a throw,and if you threw 6,sixes,you won big shiny car sitting there.one of farmworkers kids did it,lots of excitement,he was about 13 years old.sods who ran it refused to give him car as he wasn't 18.but let them gamble.
church of euthanasia.
[link to www.facebook.com]
have just left my paranormal photos on,as I,m leaving soon.some you have to see whole picture,as clipped.
Anonymous Coward
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United Kingdom
10/07/2012 06:54 AM
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Re: Londons oldest casino refuses to pay out £7.3m poker win
Maybe the casino has gambled away everything and cannot afford to payout. Probably time for them to shut down.
Anonymous Coward
User ID: 5859380
United States
10/07/2012 08:20 AM
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Re: Londons oldest casino refuses to pay out £7.3m poker win
they dont have it...
 Quoting: Gonviral


this,

all the cash has been drained out of the system by the govt and banks.
Judethz
Israel is Eternal

User ID: 20521597
United Kingdom
10/07/2012 08:26 AM

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Re: Londons oldest casino refuses to pay out £7.3m poker win
In the UK, this cannot be enforced by law.

Gambling debts are "debts of honour" between private parties.

Crockford's would be stupid not to pay up, however, as their reputation is all they've got as a casino.
 Quoting: Anonymous Coward 7220973


horsepoop There have been a number of cases where bookie chains have refused to pay out to big winners.
Anonymous Coward
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United Kingdom
10/07/2012 08:28 AM
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Re: Londons oldest casino refuses to pay out £7.3m poker win
this is Phil Ivey they're taking on

they'll LOSE!

rofl
Anonymous Coward
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United States
10/07/2012 08:55 AM
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Re: Londons oldest casino refuses to pay out £7.3m poker win
In the last ten years the western system has become incredibly corrupt. There is no longer any honesty at any level as almost all institutions are being drained of their assets. The casino is simply out of money and can't pay. Everyone seems to be operating under the assumption that there is no tomorrow.
Anonymous Coward
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China
10/07/2012 08:58 AM
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Re: Londons oldest casino refuses to pay out £7.3m poker win
typical rip-off britain
Anonymous Coward
User ID: 21534706
United Kingdom
10/07/2012 09:00 AM
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Re: Londons oldest casino refuses to pay out £7.3m poker win
If phil Ivey put in 1 million stake and won 7 million, thats only a 7:1 odds. So there is no foul play here at all. The casino lost and are bad losers and just dont want to pay. Thats being nothing more than a cheat and a ganster organisation.
 Quoting: Anonymous Coward 25025649


You might be RIGHT ,i worked for this company (Genting Casino/Ex stanley casino)for 8 years.
-Its 1 or 2st biggest casino company in the uk and malaysia
-They are dodgy and crooks

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