London Crockfords refuses to pay 7.3 Million in earnings to Phil Ivey

09 October 2012

Yesterday we noticed a report in the online version of the Daily Mail, one of the most read newspapers in the UK, which had to do with the great Phil Ivey.
Apparently, the American player “blew up” the bank account of the oldest gambling club in the UK, Crockfords, an exclusive private club of London's Mayfair, to reap a profit of 7.3 million pounds playing Punto Banco for two consecutive nights in the company of an anonymous player of Asian origin.

As reported by a source close to the club, the incident occurred last August. Once Ivey left the casino, they promised to transfer his earnings immediately to a bank account. Instead, what they did was to open an investigation. To date, Ivey has only received £ 1 Million.

Logically, the recordings of those two nights have been scrutinized to the fullest. It also caused the questioning of the croupiers in service those two nights, analysis of the cards used and even checked the shoes of the casino personnel, but so far they didn’t find any evidence that there has been "collusion". In fact, what seems to have been confirmed is that the cards were not marked, and Ivey did not touch them at any time.

But the suspicions that something fishy was going on came when they know that his Asian companion (which name has not been made public till now) was expelled long ago from another casino in Mayfair, without being revealed the reason.

According to the source revelation, Ivey was playing £50,000 per hand, before the direction of the room allowed to increase the limit to 150,000 pounds per hand. The session began with the American Pro "down" half a million, but from there, didn’t stop making money. The first night, came out of the casino with 2.3 million in earnings. The rest up to 7.3 million came the following night.

We'll see how this situation evolves. Although we will continue to watch for any new information on the matter, the fact is that this type of private clubs rarely leaks any information.




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