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Phil Ivey Wins 7.3M In Two Nights At London Casino, And Casino Not Paying


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#21 keith crime

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Posted 20 October 2012 - 04:17 PM

Its a table game it's like flipping coins - it's all luck you can't figure out how to beat it - you can however get on a big roll and win a lot of money esp if you are a degenerate gambler with a lot of money

It is however one of the easiest games for a dealer to get paid off (if he's a mechanic) and set the shoe for a big winner from what I understand

#22 FCP Bob

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Posted 07 May 2013 - 09:01 AM

Phil Ivey Sues London’s Crockfords Casino for $12.1 Million
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#23 Vegas Knights

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Posted 09 May 2013 - 01:28 AM

It will probably be settled out of court with Ivey signing a non-disclosure agreement for the amount he got. The casino should of shouted from the rooftops that Ivey won 7 million. It would have been great publicity.

#24 Balloon guy

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Posted 09 May 2013 - 08:16 AM

Was wondering about this the other day

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#25 Sleepis4beginners

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Posted 09 May 2013 - 08:31 AM

Yeah Ivey was an FTP owner and it appears one with integrity trying to fix the problem instead of taking the money and running...

#26 FCP Bob

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Posted 11 May 2013 - 05:36 PM

Phil Ivey accused of reading ‘flawed’ playing cards at Crockford’s
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#27 king_tanner

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Posted 11 May 2013 - 07:06 PM

wow that is pretty huge if true
QUOTE (rcgs59 @ Wednesday, January 5th, 2011, 8:14 PM)
$5,000 lol wish it was 5000

#28 BigDMcGee

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Posted 11 May 2013 - 08:01 PM

I don't understand why Ivey is responsible for the club using flawed cards. If he didn't plant the card or w/e yes he was taking advantage of a flaw, but that flaw is the casino's fault. If they are pissed about it, they need to sue the card maker
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#29 NickCave

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Posted 12 May 2013 - 12:28 AM

View PostBigDMcGee, on 11 May 2013 - 08:01 PM, said:

I don't understand why Ivey is responsible for the club using flawed cards. If he didn't plant the card or w/e yes he was taking advantage of a flaw, but that flaw is the casino's fault. If they are pissed about it, they need to sue the card maker

Most casinos have a law spike in place that makes what Ivey allegedly did illegal. Based on what the Mail said Ivey did -- intentionally and actively taking advantage of a flaw in the deck -- he's probably violating some combination of "the law" and "London gaming regulations."

IF he knew the deck was bad and IF he used that information to gain an advantage, he's not legally entitled to the money he racked up with the bad deck.

#30 NickCave

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Posted 12 May 2013 - 01:00 AM

View PostNickCave, on 12 May 2013 - 12:28 AM, said:

Most casinos have a law spike in place that makes what Ivey allegedly did illegal. Based on what the Mail said Ivey did -- intentionally and actively taking advantage of a flaw in the deck -- he's probably violating some combination of "the law" and "London gaming regulations."

IF he knew the deck was bad and IF he used that information to gain an advantage, he's not legally entitled to the money he racked up with the bad deck.

Jesus, fuuuuuuuck, I can't believe I'm that guy right now. "Technically, Ivey broke the rules which prevent anyone from ever winning, ever."

Don't be using bad decks when someone's running 200K/hand. Don't. Just... don't. Don't.

Also, I've never seen a joint NOT switch decks FOR THIS EXACT REASON when they're getting crushed. I've had the floor come to my table and burn everything like it's a motherfucking pogrom when I'm up 20 bets in an hour at a 20-500 table. "This gentleman is up 7500? HOLOCAUST."

#31 FCP Bob

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Posted 11 April 2014 - 11:57 AM

and now Borgata is suing Ivey for edge sorting

Phil Ivey Sued for $9.6 Million by Borgata for Alleged Cheating at High-Stakes Baccarat

Quote

The Borgata Hotel Casino & Spa in Atlantic City is suing poker legend Phil Ivey for $9.6 million in winnings at the Baccarat table, according to a report from the New Jersey Law Journal on Friday.

The Borgata lawsuit alleges that Ivey exploited manufacturing flaws in playing cards during four sessions of Baccarat at the casino in 2012. Borgata claims that Ivey was able to spot tiny variations in the pattern printed on the backs of the cards in a method called "edge sorting."

Also named in the suit is card manufacturer Gemaco Inc., which designed the cards, as well as Ivey's partner, Cheng Yin Sun, who reportedly accompanied Ivey to the Baccarat table and gave instructions to the dealer.

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ARTICLE CONTINUED AT LINK ABOVE

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#32 David_Sklansky

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Posted 11 April 2014 - 12:19 PM

When you tell a jury that a serial angle-shooting black man has partnered with someone named Cheng Yin Sun, unless they are combining their street smarts and karate skills to clean up the streets Hong Kong, I don't think a fair trial is possible.
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#33 FCP Bob

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Posted 11 April 2014 - 02:18 PM

Detailed article

Famed poker star Phil Ivey sued by Borgata for almost $10 million over alleged playing card scam -

See more at: http://blog.northjer...h.6atpKGny.dpuf
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#34 SuitedAces21

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Posted 11 April 2014 - 06:38 PM

this makes me like phil even more.
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#35 SuperJon

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Posted 11 April 2014 - 08:04 PM

Can't they just use regular cards?

#36 Potomophobia

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Posted 12 April 2014 - 11:23 AM

View PostFCP Bob, on 11 April 2014 - 02:18 PM, said:

Detailed article

Famed poker star Phil Ivey sued by Borgata for almost $10 million over alleged playing card scam -

See more at: http://blog.northjer...h.6atpKGny.dpuf

Very enlightening article Bob.

After reading it I have to laugh at the whole process. The fact that the Borgata:

Agreed to the demands by Ivey and Sun.

Got taken for millions on several occasions.

Didn't think they were being played from the start.

Makes me say: "You people are either too stupid to run a casino or someone was in on the play."

In the old days, the mob knew how to discourage this sort of thing.
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#37 David_Sklansky

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Posted 12 April 2014 - 11:44 AM

View PostPotomophobia, on 12 April 2014 - 11:23 AM, said:

Makes me say: "You people are either too stupid to run a casino or someone was in on the play."

I'll buy that someone was in on the take. Not that they didn't know what they are doing. PI has been in Vegas for a long time. He has his own high stakes tables at several casinos, where I'm sure he makes a lot of weird demands too. A known angle-shooter, fraudster and all around shady guy doesn't get special treatment because the pitboss is star-struct, it's probably because Ivey is known to go off for millions of dollars, and anything they can't recoup with lawsuits or by refusal to pay out the times he slips one by them, they make up for on all the nights (and afternoons) when he is just being a sick degenerate.


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#38 king_tanner

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Posted 12 April 2014 - 11:44 AM

How is it that Phil Ivey and some Asian lady are the only ones who knew how to do this?
QUOTE (rcgs59 @ Wednesday, January 5th, 2011, 8:14 PM)
$5,000 lol wish it was 5000

#39 David_Sklansky

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Posted 12 April 2014 - 11:45 AM

View Postking_tanner, on 12 April 2014 - 11:44 AM, said:

How is it that Phil Ivey and some Asian lady are the only ones who knew how to do this?

Only ones greedy and high profile enough to get caught, maybe?
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#40 Potomophobia

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Posted 12 April 2014 - 12:03 PM

View PostDavid_Sklansky, on 12 April 2014 - 11:44 AM, said:

I'll buy that someone was in on the take. Not that they didn't know what they are doing. PI has been in Vegas for a long time. He has his own high stakes tables at several casinos, where I'm sure he makes a lot of weird demands too. A known angle-shooter, fraudster and all around shady guy doesn't get special treatment because the pitboss is star-struct, it's probably because Ivey is known to go off for millions of dollars, and anything they can't recoup with lawsuits or by refusal to pay out the times he slips one by them, they make up for on all the nights (and afternoons) when he is just being a sick degenerate.

Okay, I'm certainly no expert in high stakes gambling. (BTW.. the Borgata is in Jersey, where Ivey cut his teeth, not Vegas.)

But I will give credence to the theory that the casino will angle-shoot as well with refusal to pay or litigation.

Just another reason why I don't play poker or gamble for a living.
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