Poker Star Refused £7m Payout At London Casino As Investigators Called In

0 Comments | Posted on: November 1st, 2012

Poker Star Refused £7m Payout At London Casino As Investigators Called InPoker extraordinaire, Phil Ivey, has been refused a payout after a run of winning hands bagged him £7.3million.

Ivey’s night began by transferring £1million into the casino’s bank account before taking a seat at a private gaming table in Crockfords, Britain’s oldest casino.

The 35 year old’s game of choice was a simple card game called Punto Banco, a game of luck played by a single player against the banker.

Things were looking gloomy, as Ivey betted £50,000 a hand, racking up monster losses of £500,000. He continued on however, and an unusual run of winning hands saw him muster up winnings of £7.3million.

Crockfords originally said the payment would be made as soon as possible after the bank holiday, but mystery surrounds why they never made the payment, and called in investigators from Malaysia.

Because Punto Banco is a game of chance, it is almost ‘statistically impossible for him to have an influence’ says Barry Carter, author of The Mental Game Of Poker’.

It’s unknown why Crockfords would want to withold money from a famous high-roller with some news outlets questioning whether it is to try to prevent Ivey from returning. The mysterious case has now been referred to the British Gambling Commission.

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