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Phil Ivey Won $10 Million Playing Punto Banca, Casino Won’t Pay Him

Phil Ivey
Simon Fergusson, Getty Images

Phil Ivey won $10 million from playing Punto Banca and now the casino will not pay out the money.  If you’re like me you don’t have a clue what the game of Punto Banca is or even know how to play.  Well, Phil Ivey knew how to play and well enough to win big.

Punto Banca is a skill free variant of baccarat according to VIBE.  I’m still lost but that isn’t the big part of the story.  Ivey won $10 million from playing the game but the casino is holding off on paying him the full winnings.  So far Crocksford, a exclusive casino, believes Ivey may have cheated.

Crocksford has payed Ivey $1.3 million but will not release the rest of the winnings until a full investigation is complete.  Both parties involved have lawyers clashing over this large sum of money.

Over the course of two days that Ivey played Punto Banco, he sat next to a female companion. The only other people in the room were the croupier and an inspector. All the action was recorded on ten cameras. Although Phil Ivey is one of the world’s most respected poker players, casinos regard him as a “hit and run” gambler, with a tendency to “quit after just a few hands if he wins big.”

Do you think Phil Ivey cheated or is Crocksford salty?

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