Showing posts with label Phil Ivey. Show all posts
Showing posts with label Phil Ivey. Show all posts

Wednesday, June 01, 2011

Full Tilt's Angry Response to Phil Ivey's Lawsuit

By Pauly
Las Vegas, NV

I was riding in a car en route to In-N-Out Burger (with Merchdawg, Timtern, and KevMath) when an email appeared on my CrackBerry from Full Tilt Poker's PR rep, Michele Clayborne, at 7:30pm PT or 3:30am Dublin Time (where FT's HQs is located). I sensed the seething anger with the ALL CAPS title... "TILTWARE'S RESPONSE TO THE PHIL IVEY LAWSUIT."

Here's the brief 130-word press release I received...
"Contrary to his sanctimonious public statements, Phil Ivey’s meritless lawsuit is about helping just one player – himself. In an effort to further enrich himself at the expense of others, Mr. Ivey appears to have timed his lawsuit to thwart pending deals with several parties that would put money back in players’ pockets. In fact, Mr. Ivey has been invited -- and has declined -- to take actions that could assist the company in these efforts, including paying back a large sum of money he owes the site. Tiltware doubts Mr. Ivey’s frivolous and self-serving lawsuit will ever get to court. But if it does, the company looks forward to presenting facts demonstrating that Mr. Ivey is putting his own narrow financial interests ahead of the players he professes to help."
Benjo summed it up the best, "That's the fastest Full Tilt has responded to anything since Black Friday."

Man, oh man. The scathing press release reads like something from a scorned lover. Talk about an ugly break-up that the entire poker community gets to see unfold in front of their eyes --- at the start of the WSOP nonetheless.

The most interesting bit is this sentence...
"Mr. Ivey has been invited -- and has declined -- to take actions that could assist the company in these efforts, including paying back a large sum of money he owes the site."
I never viewed as Ivey's lawsuit as an altruistic move to get back money to me and my friends, rather, I figured he was trying to seek out his own recovered funds and everything else was just fluff. After reading the details of the lawsuit (read Ivey-Tiltware complaint here), it became apparent that it was more of a contract dispute and Ivey wanted to terminate his non-compete clause in order to engage in other business opportunities. But then again, that's the spin from Camp Ivey.

But now, Tiltware is claiming that Ivey owes them money, which will supposedly help get money back to us faster. I'm calling bullshit on that. I mean, how much money do they claim Ivey owes them? $100 million?


This saga gets weirder and more exciting every minute. Stay tuned for further developments.

2011 WSOP - Day 1: Welcome to the Jungle and Phil Ivey's Titanium Balls

By Pauly
Las Vegas, NV

Charles Bukowski said it best, "Not all of us are gamblers; those who aren't don't matter."

Chucky B is a fucking brilliant alkie. He was also a degen horse bettor and spent too much time stumbling around shitfaced at the Los Angeles area racetracks. But sometimes, poets can accurately explain the insatiable appetite which drives gamblers to the brink of insanity and back again.

Phil Ivey is arguably the greatest poker player in the history of card games. He's been a professional gambler since high school. He's won and lost millions in the blink of a second, whether it was a fortuitous river card to ship him a $420,000 pot in PLO, or a bad bounce on a missed free throw that cost him a high six-figure bet on a basketball game.

We're all gamblers in some way or another, but Ivey is a professional gambler, which puts him in a elite category with only a handful of people in the history of mankind like hedge fund manager and new NY Mets owner David Einhorn, Hollyweird agent Michael Ovitz, and military/strategist and philosopher Sun Tzu.

Ivey is not just any pro gambler -- he's the biggest swinging dick in the universe -- which is why he dropped his pants and exposed his titanium balls to the poker world. Talk about a "sick gamble" after he announced (on his Facebook page of all things -- welcome to the new world social media world) he was skipping the WSOP and suing Full Tilt Poker for their failure to pay out players in a timely manner.

Holy shitballs. Did that actually happen? Is this real life? Did someone dose everyone in the media?

I'm still shocked several hours after the story broke and I posted WTF? Phil Ivey Suing Full Tilt and Skipping the 2011 WSOP. In just a few hours, Ivey became the only thing people were talking about inside the Amazon Ballroom -- media, dealers, security guards, floor people, and scores of pros. Twitter and 2+2 both blew up. On what should have been a day to celebrate the kick off the 2011 WSOP, Phil Ivey stole the show.


Photo courtesy of Flipchip

Day 1 kicked off with Event #1 $500 NL Employees in the Pavilion. The first tournament failed to launch without a couple of glitches in the computer system, which printed out both blank and duplicate seat assignments. Due to the tech error, the original noon start time for Event #1 was pushed back over 35 minutes.

WSOP TD Jack Effel asked all of the casino employees to join him in uttering the famous catchphrase, "Shuffle up and deal!"

The feature tournament of the day was set for 5pm with Event #2 $25,000 NL Heads-Up Championship. The event was delayed a couple of minutes to allow a couple of players to register in order to get to reach a perfect 128-person field.

The 25K was overlooked by a troubling incident, which was rooted in Full Tilt's failure to pay back their players. Ever since Black Friday, when the darkness fell upon the American online poker world, many of my peers speculated whether or not Full Tilt pros were going to be harassed and heckled by players with money still stuck in Full Tilt, especially the likes of Howard Lederer and Jesus Ferguson.

Well in case you were keeping score at home, we had our first instance when British pro James Bord had a tete-a-tete with one of the original Full Tilt owner-pros John Juanda. Benjo was on the rail watching Juanda's match against French pro Alexander Bonnin. After Juanda disposed of Bonnin, he exited the tournament area, where James Bord immediately confronted Juanda. Benjo mentioned it looked like Juanada and Bord were continuing a previous, yet heated conversation. Juanda took the brunt of Bord's verbal abuse as the Brit threatened him with the old "I'll kick your ass in the parking lot" jab.

Benjo also overheard Bord refer to Juanda as a "disgrace" and "fake." Oh, and how can I forget about my favorite insult when Bord called Juanda a "thieving prick."

As one anonymous member of the press mentioned, "What the fuck did (Juanda) think was going to happen at the WSOP? If you wear a Full Tilt patch, you will be target for angry, bitter, pissed-off players."

Anyway, Juanda called the floor and ask for security to intervene in his verbal spat with Bord. The head of security came over with a couple of guards and separated both men in the hallway.


James Bord (in yellow) being grilled by security after the Juanda incident
Photo courtesy of Benjo

No wonder Ivey wanted to sit out the WSOP. Even though he's still Phil Ivey, he is still exposed to the public. My suggestion to Rio security is that they have to beef up the perimeter of tournaments because the Juanda-Bord incident set precedent. If you thought Howard Lederer or Jesus were going to show up before Ivey's lawsuit and the Juanda-Bord tiff, then you're fucking insane. No one is foolish enough to subject themselves to a potential ass-kicking. Showing up wearing a Full Tilt patch is like lathering yourself in butter and throwing yourselves to the lions.

Erik Seidel is a bright man because he ditched the patches. Tom "durrrr" Dwan was also noticeably patchless.

Juanda, who played with a FT patch, played his second match without any incidents. According to Bluff Magazine's crack reporting team, they noticed that not one, but three security guards escorted Juanda to the parking lot.

* * *

Bouncin' Round the Room on Day 1

Here's a peek into my notes...

- No shocker that KevMath, who is covering his first WSOP, was the first media rep to get in line and pick up his press credentials. I had a few copies of my novel with me, and KevMath was also the first person to buy a copy of Jack Tripper Stole My Dog.

- Ran into Jesse May in the media room. He's here all summer, which makes me happy because I get to chat with one of my favorite authors.

- The press box is very cramped this year, but we have Scotty Nguyen's Main Event championship mural looking over our shoulder, which is much better than seeing fat-ass Russ Hamilton hovering overhead. Speaking of Russ, his mural has been covered up (or perhaps hung backwards).

- I lost two pens by mid-afternoon.

- The former porn star turned massage girl returned to the WSOP this year, which prompted a quick search of porn sites to see one of her videos. You're a winner if you had 4:10pm in the "When will the first person be caught surfing porn in the pressbox?"

- The new feature TV table and set is kinda gaudy and pretentious. The old set from 441 Productions was much more classier. If you don't know, 441 is no longer contracted to film the WSOP for ESPN. The assignment is now contracted to Poker Productions (the crew who brings you High Stakes Poker and Poker After Dark).

-While walking down the hallway with Chops from Wicked Chops Poker, we spotted "Miserable Fuck." Haven't seen Eskimo Clark yet.

- I ran into Jose from Venezuela, who is an avid reader of Tao of Poker. He gifted me two bottles of Venezuelan rum. What an awesome guy! I was walking down the hallway and ran into Michele Lewis and Michael Craig. I showed them the rum. "Your fans give you cool gifts," explained Craig. "The only thing someone every gave me at the WSOP was a subpoena."

- The NBA Finals kicked off with game 1 between the Miami Heat and the Dallas Mavericks. Without Phil Ivey in the room and his crazy eyes fixated on the game, we didn't have any hilarious incidents with Ivey sweating a big bet on the NBA finals. I watched the last few minutes of the game in the Amazon Ballroom with Jason Mercier (huge Miami Heat fan) and Barry Greenstein sitting nearby. Here's the quick conversation which occurred the moment the game ended...
Random Guy on Rail: "Jason, did you win?"
Jason Mercier: "I lost my (heads-up) match, but yeah, I won the bet."
Barry Greenstein: "He won the more important of the two."
- Prop Bet of the Day: Shaun Deeb played Michael Binger in the 25K. The loser has to camp out at Red Rock Canyon for two days.

- Bracelet Bets: David Benyamine is getting 5-1 on a bracelet bet. If he wins a bracelet, then he'll take down $400,000.

WTF? Phil Ivey Suing Full Tilt and Skipping the 2011 WSOP

By Pauly
Las Vegas, NV

"Check Ivey's Facebook page," said KevMath.

I headed to facebook.com/philivey and scrolled down to the bottom of his page. He released a rather bizarre statement, so bizarre that most of the folks in the press box were dubious.

Among the most shocking sentences were...
"I am not playing in the World Series of Poker as I do not believe it is fair that I compete when others cannot. I am doing everything I can to seek a solution to the problem as quickly as possible."

"I refuse to remain silent any longer. I have electronically filed a lawsuit against Tiltware related to the unsettled player accounts."
Hoax? Hack? Legit? WTF?

Within an hour, the FB statement was confirmed by Phil Ivey's manager according to a post on Wicked Chops Poker.

By the way, whoever his manager is -- he has impeccable timing (waiting until the 2md half of Game 1 of the NBA Finals to release the statement). However, why the hell would his manager post a statement on Facebook (and in 6 wall posts)? Sure 70% of Americans have Facebook pages and most of them "LIKE" Phil Ivey, but that "press release" via Facebook was weak sauce, at best.

To add a little plutonium to the inferno, 2+2 is blowing up right now.

Ivey suing Full Tilt? How much money does he have tied up? I mean, is he really crying himself to sleep at night ("on a big pile of money with lots of beautiful women") thinking how his reputation was "dragged trough the mud"?

Ivey was one of the original investors in Full Tilt and is considered an owner. Did Ivey just set a precedent? And will more player-owners decide to sue Full Tilt as well?

Ivey will not be at the WSOP this year, squashing speculation about... 1) whether he'd want to put himself in the line of fire from angry players with funds stuck in FT, and 2) whether his bracelet prop bets in excess of millions were going to draw him to the Rio.

I mean... wow. The only comparison is that the situation reminds of when Michael Jordan retured from the NBA at the top of his game -- and then played minor league baseball. Makes me wonder if Phil Ivey is going to go slumming with us at the Gold Coast every night at 3am to compete in the World Series of Pai Gow.

Someone wondered if Phil Ivey was going to retire... I dunno if he'll do that. I mean, this is fucking Phil Ivey. As Change100 noted, "He's one of the few Full Tilt pros who can actually make money playing poker."

And this news might have killed any chance of Full Tilt repaying player funds. Without Ivey as the #1 show pony in the FT stable, the online poker room is substantially less attractive to potential investors. Over the last few weeks, FT honchos were desperately seeking potential buyers in order to improve their cash flow (and thereby be able to pay out players).


"See you in court, biatch!"

Stay tuned for more developments.

* * *

Update...

10:01pm PT.... @BarryGreenstein tweet'd that Ivey called up him and wasn't happy....
"Phil called me and screamed into the phone for 5 minutes, so I can't really say I talked to him."
10:10pm PT....According to Phil Ivey's website (www.philivey.com), his complete statement is now on the front page. IMHO, the statement should have appeared on his website first with a follow up post with links to the original statement. Well, at least, that's what I would have done if I was part of Ivey's PR team.

10:57pm PT... Check out Change100's post Phil Ivey Suing Full Tilt, Won't Play WSOP .

11:24pm PT... Looks like some tool at the PPA is against Ivey's actions, according to this 2+2 thread. That's reason #1,420 why the PPA is a bunch of ignorant twats.

11:45pm PT... We recorded a podcast. Listen to Ivey Drops Drama Bomb by Suing Full Tilt and Boycotting the WSOP .