Poker player loses £7.7m court case

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Published: Wednesday 8th October 2014 by The News Editor

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Top poker player Phil Ivey has lost his High Court case against the owners of London’s Crockfords Club over his £7.7 million winnings.

The 38-year-old American sued over a version of baccarat known as Punto Banco which he played at the Mayfair casino over two days in August 2012.

After four sessions, Ivey was told the money would be wired to him and he left for the United States, but it never arrived, although his stake money of £1 million was returned.

Genting Casinos UK, which owns more than 40 casinos in the UK including Crockfords, said the technique of “edge-sorting” which Ivey used – which aims to provide the customer with an element of “first card advantage” – was not a legitimate strategy and that the casino had no liability to him.

Its lawyers told Mr Justice Mitting in London that Ivey’s conduct defeated the essential premise of the game of baccarat so there was no gaming contract or constituted cheating.

A spokesman for Crockfords said later: ” Crockfords is pleased with the judgment of the High Court today supporting its defence of a claim by Mr Ivey.

“It is our policy not to discuss our clients’ affairs in public and we very much regret that proceedings were brought against us. We attach the greatest importance to our exemplary reputation for fair, honest and professional conduct and today’s ruling vindicates the steps we have taken in this matter.”

Published: Wednesday 8th October 2014 by The News Editor

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