Crockfords Casino Denies Phil Ivey £7.3 million in Winnings

Published Monday, October 08, 2012 -

A recent report in the Daily Mail reveals a story that is a classic example of what some would call false representation. One of the worlds oldest and well regarded private casinos in London Crockfords has refused to pay Phil Ivey his well deserved winnings of almost 11 million dollars.

Ivey entered the casino and deposited a million BPS into an account with the casino and proceeded to get down to a little known game called Punto Banco. The casino decided that Ivey who is arguably one of the best poker professionals in the world today wasn’t entitled to his £7.3 million in winnings.

Punto Banco is a close relative of the more famous game of Baccarat, which also has an off-shoot known as Chemin de fer. The key difference for us is the fact that in Punto Banco, there are no optional plays. All cards are dealt according to a fixed set of rules. Players must bet on the winner of a match-up between two hands, one called Player the other is called Bank. Cards are dealt to both hands by the dealer according to a set of rules and the winner is the hand closest to a total of nine.

The casino did return Ivey’s deposit but refused to pay out his winnings and are stunned by the fact that Ivey won such an incredible amount in a game that is considered by most to be totally uncontrollable and one that doesn’t require any skill to play. Crockfords was established in 1828 by William Crockford, and is a swanky, exclusive casino that started as a club for the elite and prestigiously upward rich.

Crockfords has taken the steps to conduct a thorough investigation of the circumstances involving the dispute. The casino did interviews with the staff, looked through hours of surveillance footage, inspected the cards. Crockford’s investigation did not reveal anything to suggest Ivey did anything wrong. Barry Carter, author of the Mental Game of Poker stated to the Daily Mail, “I don’t think for one minute that he cheated,” adding, “It is almost impossible for him to have an influence in a game of pure chance like Punto Banco.”

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