Crockfords waiting until Court to reveal Stance on Phil Ivey Lawsuit

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One of the biggest news stories from earlier this week involved Phil Ivey launching a £7.8 million lawsuit against Crockfords Casino. The suit stems from last August, when the high stakes poker pro won £7.3 million while playing punto banco. After Ivey won this amount over a three-day span, Crockfords assured him that the money would be wired.

However, they instead started an investigation into the matter on grounds that cheating may have occurred. News outlets then reported that Crockfords failed to find any concrete cheating evidence via video surveillance. That said, both the public and Ivey have been baffled over why London’s oldest casino insists on keeping the money.

It doesn’t look like Crockfords is ready to break their silence because they are waiting until court to reveal their position. However, a spokesman for the Genting Group, which owns Crockfords, did comment on the matter. He said, “In this rare instance we are able to confirm that our position, which is supported by strong legal advice, has been made very clear to Mr Ivey’s solicitors from the start. We shall be filing our defense shortly.”

When Phil Ivey decided to launch his lawsuit, he expressed deep disappointment in Crockfords – a place where he’s played casino games for years. The nine-time WSOP champion issued the following statement:

I am deeply saddened that Crockfords has left me no alternative but to proceed with legal action, following its decision to withhold my winnings. I have much respect for Gentings, which has made this a very difficult decision for me.

Over the years I have won and lost substantial sums at Crockfords and I have always honoured my commitments. At the time, I was given a receipt for my winnings but Crockfords subsequently withheld payment. I, therefore, feel I have no alternative but to take legal action.

At this point, many people might think that Ivey has a pretty good chance to win his lawsuit. However, it’s also worth mentioning that a major casino company like the Genting Group would be highly unlikely to withhold the £7.3 million if they didn’t have a good reason for doing so.

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