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Phil Ivey Sues London Casino for $12.1 Million
Phil Ivey is suing the London casino that he claims failed to pay him £7.8 million ($12.1 million) in gambling winnings.
“Crockfords has left me no alternative but to proceed with legal action, following its decision to withhold my winnings,” said Ivey in a statement.
Ivey’s lawyer, Matthew Down, said the poker pro “regretted” having to move forward with the lawsuit.
Last August Ivey allegedly went on a huge heater playing table game Punto Banco at Crockfords Casino in London.
After playing for two days, Ivey went to cash out and the casino told Ivey his winnings would be transferred to his bank account. He never received the funds.
The casino didn't make it clear why it didn’t pay out its customer but according to the LA Times it did send their investigators in to analyze Ivey’s play at Punto Banco. The investigators allegedly found nothing, which isn’t all that surprisingly considering PUnto Banco is purely a luck game.
Crockfords Casino, which is part of Southeast Asia’s Genting Group, has not responded to the claim in court.
Ivey is arguably the best poker player in the world with over $16 million in recorded live tournament winnings. He recently won his ninth WSOP bracelet at the WSOP Asia-Pacific in Melbourne, Australia.