\n
![\"\"](\"http:\/\/i62.tinypic.com\/w2d74j.jpg\")
<\/p>\n
\n<\/p>\n
\tOct. 2 (Bloomberg) \u2014 Phil Ivey, a 10-time winner of the World Series of Poker tournament, didn\u2019t cheat to win 7.7 million pounds ($12.4 million) at a casino run by a unit of Genting Bhd., his lawyers said at the start of a London trial.<\/p>\n
\tIvey, 38, won the money playing a form of Baccarat called Punto Banco, using a technique known as edge sorting, at Genting\u2019s Crockfords casino in London, according to his lawyers. Genting refused to pay up, saying the practice is unfair.<\/p>\n
\tA casino \u201cis a cat and mouse environment, it is an adversarial environment,\u201d Richard Spearman, Ivey\u2019s lawyer said in court. \u201cIt doesn\u2019t mean you have to be dishonest.\u201d Ivey, who sued Genting last year, argues that edge sorting isn\u2019t dishonest and he should be paid the money.<\/p>\n
\tGenting is Southeast Asia\u2019s largest casino operator with a market capitalization of over $35 billion, according to Bloomberg data. Last year it bought a Las Vegas site, once home to the Stardust resort, for $350 million.<\/p>\n
\tBoth sides agree that Ivey was in the casino in August 2012 and that he won the money. \u201cThe issue is whether it amounted to cheating,\u201d Christopher Pymont, Genting\u2019s lawyer, said in documents filed at London\u2019s High Court.<\/p>\n
\tEdge sorting is a way a card player can gain an advantage by working out the value of a card by spotting flaws or particular patterns on the back of certain cards.<\/p>\n
\tSkilled<\/p>\n
\tIvey, a U.S. citizen, was told by the casino when he won the money that it would be transfered to him. He left the U.K. to return home because of a family death, his lawyers said. The money, aside from a 1 million-pound stake, was never transfered by the casino in London\u2019s upscale Mayfair district.<\/p>\n
\tIt\u2019s agreed \u201cin the present case that there are legitimate strategies that may used by skilled players which have the purpose and effect of providing the player, rather than the casino, with the advantage on particular bets,\u201d Spearman said in court documents.<\/p>\n
\t\u201cTactics, such as card marking and collusion with the dealer, are accepted by both sides,\u201d to be cheating, Spearman said.<\/p>\n
\tIvey has career earnings of more than $21 million from live tournaments alone, according to his website, which says he is considered as \u201cthe greatest poker player in the game.\u201d<\/p>\n
\tIvey and three experts are scheduled to testify on a range of card playing techniques.<\/p>\n
\tThe case is Ivey v. Genting Casinos, High Court of Justice Queen\u2019s Bench Division, case no. HQ13X05873<\/p>\n
No replies were posted for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oct. 2 (Bloomberg) \u2014 Phil Ivey, a 10-time winner of the World Series of Poker tournament, didn\u2019t cheat to win 7.7 million pounds ($12.4 million) at a casino run by a unit of Genting Bhd., his lawyers said at the…<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-8092","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=8092"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8092\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=8092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=8092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=8092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}