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Top poker player Phil Ivey loses £7.7m court battle | Top poker player Phil Ivey loses £7.7m court battle |
(35 minutes later) | |
Professional poker player Phil Ivey has lost a High Court battle against the owners of a London casino over his £7.7m winnings. | Professional poker player Phil Ivey has lost a High Court battle against the owners of a London casino over his £7.7m winnings. |
Crockfords casino in Mayfair accused Phil Ivey of cheating by using the "edge-sorting technique" in card game punto banco. | Crockfords casino in Mayfair accused Phil Ivey of cheating by using the "edge-sorting technique" in card game punto banco. |
Edge-sorting involves studying cards for imperfections. | Edge-sorting involves studying cards for imperfections. |
Mr Ivey took legal action against the casino for the £7.7m, and argued that the technique was legitimate. | |
The 38-year-old American played punto banco - a form of baccarat - over two days in August 2012. | The 38-year-old American played punto banco - a form of baccarat - over two days in August 2012. |
'Exploit' | 'Exploit' |
He was told his winnings would be wired to him, but they never arrived. His stake of £1m was returned. | He was told his winnings would be wired to him, but they never arrived. His stake of £1m was returned. |
Through his spokesman, Mr Ivey said he was "obviously disappointed" with the decision, but added that it was not in his "nature to cheat". | Through his spokesman, Mr Ivey said he was "obviously disappointed" with the decision, but added that it was not in his "nature to cheat". |
"I am pleased that the judge acknowledged in court that I was a truthful witness. I believe that what we did was a legitimate strategy and we did nothing more than exploit Crockfords' failures to take proper steps to protect themselves against a player of my ability. | "I am pleased that the judge acknowledged in court that I was a truthful witness. I believe that what we did was a legitimate strategy and we did nothing more than exploit Crockfords' failures to take proper steps to protect themselves against a player of my ability. |
"Clearly today the judge did not agree," he said. | "Clearly today the judge did not agree," he said. |
A spokesman for the casino said: "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." | "It is our policy not to discuss our clients' affairs in public and we very much regret that proceedings were brought against us." |
Genting Casinos UK, which owns more than 40 casinos in the UK including Crockfords, said the technique of "edge-sorting" was not a legitimate strategy and therefore the casino had no liability to him. | Genting Casinos UK, which owns more than 40 casinos in the UK including Crockfords, said the technique of "edge-sorting" was not a legitimate strategy and therefore the casino had no liability to him. |
Its lawyers told Mr Justice Mitting that Mr Ivey's conduct defeated the essential premise of the game, and therefore there was no "gaming contract". | |
Lawyers for Mr Ivey were refused permission to appeal, although they can renew their application to the Court of Appeal directly. |
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