Quote:
Originally Posted by raidalot
... But that doesn't stack up - the casino would only take this path very reluctantly. Just think about the outcome of doing this without good cause:
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Some posters are also implying that somehow Crockfords can just get away with not paying. ....
You present a well reasoned argument. Unfortunately, it just doesn't have any basis in reality because the above is not how big executive decisions occur.
I'll tell you exactly what happened.
An executive big wig (a thousand miles away) is going through the quarterly numbers and all is well until the big red phone beneath the glass case starts rigging. He picks up the phone and hears a panicked middle manager say that they just took a 7.3 Million pound hit.
The executive big wig (who also has no real gambling experience) says, "How the hell could that happen? Something must be wrong. He thinks about statistics and concludes, "There is only a 0.03% chance of this happening, therefore we must have been cheated!"
The executive big wig calls for an immediate conference with other big wigs (Ivy league blowhards with no real life work or gambling experience). There is enough ego in the room to power a nuclear fission facility. The big wigs likewise agree with their esteemed colleague, "Something must be amiss and lets launch an investigation immediately!"
So, they launch said investigation with the writing on the wall being "You better find out HOW he cheated."
So, the decision to "not pay" Phil Ivey isn't necessarily malicious. It is born out of righteousness and ego and Ivy league incompetence just like pretty much every bad decision ever made by big businesses.
From the standpoint of the big wigs, they 100% believe that they are right and that they can bend the world to their will. I mean, just look at them grasping at straws focusing on Phil Ivey's girlfriend being banned in some "other" casino. Puh-leese.
Quote:
Originally Posted by raidalot
otoh I can't think of one good thing that comes out of it for them.
ummmm, how about 7.3 million pounds they don't have to pay. That is a pretty big plus.