Phil Ivey asks Crockfords where his £7.3 Million is

Posted on by RTR Dave
 

Phil Ivey is obviously no stranger to winning in poker since he’s collected over $17.5 million in live tournaments and another $19 million in online poker cash games. So when Ivey won £7.3 million ($11.7m) while playing Punto Banco at Crockfords, it wasn’t any major surprise that he was winning yet again.

An Incredible Run
As for how Ivey won the enormous sum of money, he staked himself with a £1 million bankroll and began making £50,000 wagers. Eventually, Crockfords gave him permission to raise the stakes to £150,000 a bet, and the poker pro went on an incredible streak from here. He won £2.3 million the first night, while the second night saw him double this with a £5 million profit.

Mystery Woman
Located in the exclusive Mayfair district of London, Crockfords is quite possibly the city’s most reputable casino. So when Phil Ivey won £7.3 million, they quickly agreed to wire him the money. However, the casino backed off of this agreement after suspecting possible collusion from dealers and/or floor workers; but following interviews, Crockfords dropped the idea of collusion.

This didn’t mean that the Genting-owned casino had completely given up though because they found out Ivey’s companion – a “beautiful Oriental woman” – had her membership revoked at another Genting gaming establishment. In light of this new evidence, Crockfords continues to hold the fortune until they decide if the woman had anything to do with Ivey’s great luck.

Will the Money be paid?
It’s now been a couple of months since Phil Ivey originally won the £7.3 million, and Crockfords is still investigating the matter. Meanwhile, lawyers from both sides are busy trying to work things out and come to a resolution.

Unfortunately, it’s hard to tell if Ivey will receive the winnings because so few details have been given on the matter. Neither side is commenting on the situation, and we only have this quote from his mother, Pamela Ivey, on what’s happening, “He never mentioned it. It can’t have been very important to him, or I think he’d have mentioned it.”

Even for somebody as rich as Ivey, it seems a little strange not to tell your mum about a casino withholding £7.3 million from you. But maybe he’s just as good at keeping a poker face away from the table too.

For more info on Phil Ivey and loads of other famous poker pros check out the RakeTheRake poker player profiles page.

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3 Comments

  • What gives the casino the right to withhold winnings? If they can charge someone with a crime, then charge them. If they don’t, then pay…right then and there. You can investigate. After you pay. What if a player wanted to investigate? I will be in London soon and will never go to Crockfords. They are criminals.

  • Crockfords pay Ivey up, I lost money at casino all the time but when I pick up a little luck security seem to be watching sll the time. I think as good as Ivey no doubt that little luck can make a fortune.

    • Kaybuntay Smith replied

      I think they are not paying the money out because the man is black, they probably have a very low percentage of black people in their casino, so even less of a chance of them winning from the casino, they lose a large amount of money like this to a black person and they are offended they would lose to one. So what do you do???? NOT PAY and create some reason not to pay, drag it out for a very long time, push it into the court system or try to pay less…..because you just don’t feel a black person can win or deserve to receive that type of money from you……..they have a very long history, I think that is the problem……they are looking at history and saying……never happened before, must be something wrong, lets not pay him.

      THIS CASINO IS LOSING ITS REPUTATION WHEN IT DOESN’T PAY OUT WHEN A PLAYER WINS.

      THE REASON THIS PERSON WON SO MUCH IS BECAUSE THE MAX WAS LIFTED ENABLING THE PLAYER TO INCREASE AND DECREASE BETS AT A MUCH WIDER MARGIN THEN THE GAME WAS MEANT TO BE PLAYED AT.

      NOT COMPLICATED.

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