Stu Ungar Untold Tales: Sexton's Most Important Loan to Ungar Ever

Published on 19 October 2016 by Pokerlistings 522
Mike Sexton was one of poker legend Stu Ungar's closest friends and in the last few years of Ungar's life it was Sexton who provided a lot of support. Sexton was paying for Ungar's hotel room and had lent him many thousands of dollars but it turns out the most important thing Sexton ever did for him was give him a $300 JC Penney gift card to use for back-to-school clothes for his daughter. No one was willing to give Stuey any more money because of his heavy drug problem but Sexton bought him a gift card and Stuey said that $300 was the most important money he had ever received. Bear in mind Stuey had won and lost an estimated $30 million by that time. Sexton told the story during the shooting of's short documentary Stu Ungar's Last Chance Gone Wrong but it didn't make the final cut. Keep an eye out for more clips from the cutting room floor and watch the full documentary at

Mike Sexton: When Stuey had money, he always staked me or gave me money if I needed some. Then finally in the 90s he was down and out.

And I didn't have much money but I was loaning him money and loaning him money. Finally once I was broke in the 90s I was walking up to Stuey and he saw me out of the corner of his eye and it was like he could read my mind.

He owed me $7,000 and all of a sudden he says, “Sexton, stop right there. Right now you're at the top of the list but if you say one word you're going to the bottom of the list.”

So I said, “No, no no. I don't want any money just keep me at the top of the list.”

But it was very sad. I remember at the end he didn't have any money and I was staking him and putting him up at the Gold Coast in fact. He was staying there and I was paying his hotel tab.

Then it was time to go back to school and he didn't have any money to buy his daughter clothes. He said, “Give me some money to buy her clothes,” and I wouldn't give him any more cash. No one would give him any more cash to do drugs with.

So I told him I'd give him a JC Penney credit card and he could put $300 on it. And he did. And that meant more to him than if I had given him $50,000.

It really woke him up, where he had tears in his eyes. He said, “I've had millions and millions of dollars in my lifetime and I don't have money to buy my daughter school clothes.”

That really shook him up.