BGC Inquiring into Phil Ivey and Crockfords Incident

Last week, Phil Ivey wired £1 million to Crockfords, the oldest casino in London, to play a baccarat variant called Punto Banco. He reportedly won £7.3 million over the course of two nights of play, and when he asked the casino to wire him the money, they refused, saying that they wanted to conduct an inquiry into his winnings.

When the news broke, it was unclear why they were refusing to send him the money that he is owed, and initial investigations cleared Ivey of any wrongdoing. Since then, however, there have been some reports that Ivey was with a “beautiful Asian woman” during his play session, and that the woman had been suspended from playing at other casinos in London; it is thought that she might be the reason for the investigation.

The British Gambling Commission has since got involved with the inquiry, but so far there have been no comments as to why the investigation is taking place. Ivey has refused to comment on the issue, saying that he is concentrating on his forthcoming poker tournament. A spokesman for Crockfords also declined to comment on the investigation, saying that they “put great store on the confidentiality of the relationship between ourselves and our client, and therefore have no comment to make”.

We will, of course, post more updates as news is forthcoming.

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