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Phil Ivey wins £7.3m in London - Casino not paying...
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Grumbledook
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Joined: 25 Dec 2003
Posts: 16065

PostPosted: Sat Oct 06, 2012 11:39 pm
Post subject: Phil Ivey wins £7.3m in London - Casino not paying...
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excuse daily mail link :/

http://www.dailymail.co.uk/news/artic...rnal-inquiry.html

World’s number one poker player wins £7.3m in two nights - but top London casino REFUSES to pay out and launches internal inquiry
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pembo
Full House


Joined: 20 Mar 2011
Posts: 1020
Location: Marske-by-the-Sea/Cambridge

PostPosted: Sat Oct 06, 2012 11:47 pm
Post subject: Re: Phil Ivey wins £7.3m in London - Casino not paying...
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He's put on the weight, he looks terrible.
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stowjon
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Joined: 26 Oct 2008
Posts: 9058

PostPosted: Sun Oct 07, 2012 12:39 am
Post subject: Re: Phil Ivey wins £7.3m in London - Casino not paying...
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Quote:

Crockfords, the oldest private gaming club in the world, is owned by Genting, the Malaysian gaming corporation.

Read more: http://www.dailymail.co.uk/news/artic...tml#ixzz28ZKqh5ri
Follow us: @MailOnline on Twitter | DailyMail on Facebook


I dint know this

Quote:

Although he is a respected figure in the poker world, casinos regard him as a ‘hit and run’ gambler, with a tendency to ‘quit after just a few hands if he wins big’.

On this occasion, Mr Ivey, a divorcé, assured Crockfords bosses that he would play for a serious amount of time, and transferred £1 million into the casino’s bank.


Is this illegal and im unaware!!!
They dont seem to mind when people walk in place £500 on 1 spin of Roulette lose and walk out!!!
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Grumbledook
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PostPosted: Sun Oct 07, 2012 3:14 am
Post subject: Re: Phil Ivey wins £7.3m in London - Casino not paying...
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course it isn't illegal, the casinos can also legally not let you play there

they don't have to serve someone, just like you as a bar manager don't have to serve someone even if they can pay
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stowjon
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Joined: 26 Oct 2008
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PostPosted: Sun Oct 07, 2012 3:33 am
Post subject: Re: Phil Ivey wins £7.3m in London - Casino not paying...
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Grumbledook wrote:
course it isn't illegal, the casinos can also legally not let you play there

they don't have to serve someone, just like you as a bar manager don't have to serve someone even if they can pay


i was joking Confused
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Alex B
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Joined: 25 Apr 2005
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Location: London

PostPosted: Sun Oct 07, 2012 8:25 am
Post subject: Re: Phil Ivey wins £7.3m in London - Casino not paying...
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I think it's sad that casino management would use a phrase like 'hit and run' as though they think its an advantageous strategy rather than some turnover that's more profitable than no turnover.

When I was young I used to think that companies would employ experts with interesting insights, but most examples I have seen over the last decade suggest otherwise.

Mainly in gambling, where I expected stat's experts and found level-1 punters running things (you can't use terms like EV and variance in a Bookie PLC), and in advertising, where I expected psychologists and found people who just like to hack together pretty pictures and mediocre copy.
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Seb
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Joined: 29 Dec 2011
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PostPosted: Sun Oct 07, 2012 10:16 am
Post subject: Re: Phil Ivey wins £7.3m in London - Casino not paying...
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That's one of the things you realise. All the kids you considered mediocre grew up to run companies and countries, and what they call society is a fabrication to keep people from looking behind the curtain. Transistors and plexiglass and surgery and cryptography and banks can be manufactured and apparently 'owned' by everyday people who weren't there at their creation and don't understand how they work or how they alter the user. I don't understand how most things work, but I wouldn't hope to be mistaken for an expert on them.
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_doubleup
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Joined: 15 Apr 2005
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PostPosted: Sun Oct 07, 2012 10:27 am
Post subject: Re: Phil Ivey wins £7.3m in London - Casino not paying...
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Seb - you've leaked into the real world
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Bogus
At Won with No 28


Joined: 01 May 2008
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PostPosted: Sun Oct 07, 2012 10:35 am
Post subject: Re: Phil Ivey wins £7.3m in London - Casino not paying...
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_doubleup wrote:
Seb - you've leaked into the real world


Mr. Green
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TWUNTICUS MAXIMUS

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Unclean
One Pair


Joined: 14 Aug 2012
Posts: 25

PostPosted: Sun Oct 07, 2012 11:22 am
Post subject: Re: Phil Ivey wins £7.3m in London - Casino not paying...
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This is actually pretty serious for Genting and its relationship with us.


Ivey doesn't have a reputation for ripoffs, AFAIK, plus the news report underlines the fact that the game was micro-managed by the casino.

This is not a good bode.
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Marcus6
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Joined: 06 Jun 2012
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PostPosted: Sun Oct 07, 2012 11:42 am
Post subject: Re: Phil Ivey wins £7.3m in London - Casino not paying...
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Grumbledook wrote:
course it isn't illegal, the casinos can also legally not let you play there

they don't have to serve someone, just like you as a bar manager don't have to serve someone even if they can pay



yea i understand what you saying but they did "let him play there", and they did "let him put 1M into there bank!!, and has he has won this money i would like to think they will have to pay up!! or this could open the gates for all clubs to act like this!!

now say it had been Ivey that had run up a bill of 7.5m and said at the end of the day no im not paying you! as i think you cheated me??? they would have him locked up!!!!

I think its sick to think a club like this can hold your winnings back like they have? at the end of the day he won it pay up end off
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Nem
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Joined: 26 Apr 2005
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PostPosted: Sun Oct 07, 2012 11:45 am
Post subject: Re: Phil Ivey wins £7.3m in London - Casino not paying...
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Seb wrote:
That's one of the things you realise. All the kids you considered mediocre grew up to run companies and countries, and what they call society is a fabrication to keep people from looking behind the curtain. Transistors and plexiglass and surgery and cryptography and banks can be manufactured and apparently 'owned' by everyday people who weren't there at their creation and don't understand how they work or how they alter the user. I don't understand how most things work, but I wouldn't hope to be mistaken for an expert on them.


did you take LSD last night?
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Captain Pedro
One Pair


Joined: 24 Mar 2012
Posts: 46

PostPosted: Sun Oct 07, 2012 11:49 am
Post subject: Re: Phil Ivey wins £7.3m in London - Casino not paying...
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He was operating under their controls, their conditions. He even had to promise to play for a significant amount of time!

He won so pay up.

If you subsequently suspect that he won the money by means other than fair and square THEN go through the channels to get it back.

Unless somebody knows of some agreed terms and conditions that the club has in place saying that they are able to withhold monies whilst an investigation is carried out.

If there are such t's & c's then fair play.

Also, I thought that gambling winnings/losses are not legally enforceable...am I wrong?
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Davy G
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Joined: 29 Aug 2008
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PostPosted: Sun Oct 07, 2012 11:55 am
Post subject: Re: Phil Ivey wins £7.3m in London - Casino not paying...
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Quote:
His mother, Pamela Ivey, who lives in Las Vegas, said: ‘He never mentioned it.
It can’t have been very important to him, or I think he’d have mentioned it.’



sick life


Last edited by Davy G on Sun Oct 07, 2012 3:25 pm; edited 1 time in total
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_doubleup
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Joined: 15 Apr 2005
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PostPosted: Sun Oct 07, 2012 12:13 pm
Post subject: Re: Phil Ivey wins £7.3m in London - Casino not paying...
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Captain Pedro wrote:

Also, I thought that gambling winnings/losses are not legally enforceable...am I wrong?


yes you are wrong

http://www.legislation.gov.uk/ukpga/2005/19/part/17
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