Phil Ivey wins 7.3m GBP in London, casino refuses to pay. Ivey sues. Loses Case. Appeals. Loses - Page 10 - Poker News

Unless they have some evidence that something shady was going on then this is pretty stupid of them. I can't imagine high rollers are going to be queuing up to play at the casino that doesn't pay big winners.

Exactly, if you were worth 1 billion and felt like gambling this is now the last place you are going to go.

Also to the person saying "theyre reputation theyve been around for years they wont care" - this is why you are not a business man. No business is invincible and if you start thinking like that you will soon find you are losing money / going bankrupt

Also ii once had an 8 buy in streak win at Craps - so if that was a million into8 million what they gonna do??

Also to the people saying the Daily Mail is **** - please tell me what paper you read - The Sun? The Mirror? ... and dont say the financial times because no one will believe you

10-07-2012 , 01:00 PM

#227

super_dave31

old hand

Join Date: Nov 2008 Posts: 1,223

This is what also suprised me about Isildur - im suprised that story did not make national news at least, i think it would in the UK

I mean how many peopel win 6 million, then lose 4 million in a DAY? The friggin lottery jackpots are like 4 million. So i reckon that would make national news here without a doubt

10-07-2012 , 01:01 PM

#228

2bad4u

grinder

Join Date: Mar 2012 Posts: 676

Quote:

Originally Posted by TheShanachie

Is 40ish bets an unprecedented amount to win in 2 sessions at Punto banco?

If you were playing £100 Punto banco and won £4000 would it be questioned?

Genuine questions BTW

FYI a win on "egalite" is paid out @ 8-1 odds. So Ivey winning 7 mil is pretty "meh"...

HTH

10-07-2012 , 01:02 PM

#229

dpain

grinder

Join Date: Apr 2009 Posts: 634

Quote:

Originally Posted by eh777

Ivey was nothing to do with the decisions to take dividends from FT, he wasnt even on the board.

The problem with hearing a bunch of people say this that just tilts the **** out of me is the fact that you fail to see Phil Ivey was not just an employee but rather an owner. If you are the owner of a company you should probably take some interest in making sure that whoever is running the company is running a tight ship.

10-07-2012 , 01:04 PM

#230

getloose2

stranger

Join Date: May 2012 Posts: 13

LOL damn shame they'll probably end up paying him. Hopefully this happens to him 6-7 more times to make up for those "distributions" from gross profits not accounting for the hole in player balances.

10-07-2012 , 01:06 PM

#231

ben wb

veteran

Join Date: Sep 2006 Posts: 2,622

Quote:

Originally Posted by mumpfmampf

I think you´ve just fallen for the ridiculous PR crap we all have been fed by the poker companies. For one, Ivey was paid out like 10 million a year by FTP. Don´t you think that kind of money would have been a MAJOR part of his income in those years? Also, having this kind of passive income only made it possible for him to play those lol huge games (FTP/High Stakes Poker etc etc). So OBVIOUSLY, no matter how good a player he is, the income from FTP played a massive part in how much money he actually made. I would be a lot of money that his bankroll is below 8 figures these days, thanks to his costly divorce, huge degen habits etc etc.

Not talking conspiracy here, but I think it´s kind of interesting to see how the guy who absolutely demolished nosebleeds on his own site now turned into a break-even/slightly losing reg on Pokerstars (same for Antonius obviously).

Ivey's up over 300k on pokerstars just in tracked results.

10-07-2012 , 01:08 PM

#232

bigtex21

Pooh-Bah

Join Date: Sep 2009 Posts: 5,900

Quote:

Originally Posted by ben wb

Ivey's up over 300k on pokerstars just in tracked results.

How do you know PS didn't have software like UB? That would make it easy to win.

10-07-2012 , 01:12 PM

#233

bbfg

Carpal \'Tunnel

Join Date: Aug 2009 Posts: 12,264

Quote:

Originally Posted by 2bad4u

FYI a win on "egalite" is paid out @ 8-1 odds. So Ivey winning 7 mil is pretty "meh"...

HTH

lol ty for posting that, now we can safely assume the casino is just broke I guess.

10-07-2012 , 01:24 PM

#234

D-Generation X

journeyman

Join Date: Aug 2010 Posts: 270

Quote:

Originally Posted by CallawayKM

Independently confirmed that this is true. This makes Hellmuths WSOPE win look like childs play. Pretty sure oriental woman was Chinese spy, dude behind Ivey in pic was obv Mi5. In before international Ivey Inception conspiracy exposed.

by who(m)?

10-07-2012 , 01:33 PM

#235

BigRounder9

journeyman

Join Date: Nov 2006 Posts: 392

Quote:

Originally Posted by D-Generation X

by who(m)?

By thinking about it ldo.

10-07-2012 , 01:35 PM

#236

Eli808

centurion

Join Date: Sep 2012 Posts: 104

Quote:

Originally Posted by getloose2

LOL damn shame they'll probably end up paying him. Hopefully this happens to him 6-7 more times to make up for those "distributions" from gross profits not accounting for the hole in player balances.

There is no legal way to take these payments back from him. He had no knowledge or decsion in the dividends so he is free and clear. Now the same is not true for HL or CF and more then likely they will have to foreit these to DOJ

10-07-2012 , 01:39 PM

#237

OJsBludyNife

grinder

Join Date: May 2012 Posts: 605

Quote:

Originally Posted by Dixie60

Principle involved here. But it's that type of care free attitude with other peoples money why things went tits up in the first place.

I think I laughed a little harder at "tits up" than a grown up should.

10-07-2012 , 01:42 PM

#238

SansRemorse

centurion

Join Date: Aug 2012 Posts: 131

Quote:

Originally Posted by DavidNB

No he isn t not.

Thanks for clearing that up.

10-07-2012 , 01:48 PM

#239

omnishakira

High Troller

Join Date: Sep 2007 Posts: 9,732

Quote:

Originally Posted by ironfalcon99

Ivey = boss / Hellmuth = scrub

and you = ?

10-07-2012 , 02:00 PM

#240

StoppedRainingMen

Player Hater of the Year

Join Date: May 2012 Posts: 53,706

sure is a pity phil ivey is having his money unjustly withheld from him

shucks

10-07-2012 , 02:06 PM

#241

DRybes

Pooh-Bah

Join Date: Jan 2009 Posts: 4,039

Quote:

Originally Posted by omnishakira

and you = ?

Metal. \m/

10-07-2012 , 02:20 PM

#242

J.A.M

centurion

Join Date: Sep 2012 Posts: 117

This thread should be about a casino not paying out when it should. Not about whether Ivey does or does not owe the poker community. It's sickening to keep seeing big corporate organisations get away with not paying the people that they prey on.. Whether it be online or live. Yet somehow most of us find a way to blame an individual.

10-07-2012 , 02:24 PM

#243

irunreallybad

journeyman

Join Date: Jun 2012 Posts: 193

blow me, ivey. i hope you never get paid.

10-07-2012 , 02:26 PM

#244

HurtK

grinder

Join Date: Dec 2011 Posts: 537

Quote:

Originally Posted by bigtex21

How do you know PS didn't have software like UB? That would make it easy to win.

this is probably the most ******ed post i have seen in a while.

10-07-2012 , 02:29 PM

#245

serio562

Pooh-Bah

Join Date: Oct 2011 Posts: 3,543

Quote:

Originally Posted by irunreallybad

blow me, ivey. i hope you never get paid.

Haters gonna hate

10-07-2012 , 02:32 PM

#246

RAZZ PRO A2345

adept

Join Date: Jul 2009 Posts: 1,134

Pretty hard to beat the pit when they don't even pay you when you win lol

10-07-2012 , 02:40 PM

#247

74Offsuit

old hand

Join Date: May 2008 Posts: 1,383

Quote:

Originally Posted by tomddxx

6. Can you win a -EV game if the standard deviation inevitably favors your betting pattern and you have the discipline to quit ( sort of a hit and run situation ) which Ivey uses . Yes

I play baccarat and have seen it happen many times. Do you always win ? No. Can you control when you quit the shoe and vary your bet size ? Yes Is this easy to do ? No.

Martingale? lol. Please explain further.

Ivey should stick to poker. The gravy train has crashed, if he keeps spaffing money in the pit he'll end up like TJ.

10-07-2012 , 02:43 PM

#248

ramdeebam

grinder

Join Date: Sep 2010 Posts: 485

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Win 10 hands or more than average (£1,500,000 win or better): ~18%
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Win 40 hands or more than average (£6,000,000 win or better): ~0.0055%
Win 50 hands or more than average (£7,500,000 win or better): ~0.000061%