BREAKING: Phil Ivey Issues Statement, Not Playing WSOP, Suing Tiltware

Phil Ivey was sitting around today thinking, 'How can I get people to worship me more?'

Holy shit.

Phil Ivey issued a statement via his Facebook page this evening stating that, because Full Tilt has not paid player funds back, he would not be playing in the 2011 WSOP and is suing Tiltware.

We have confirmed through Ivey’s manager that this statement is in fact real.

From Ivey’s Facebook page:

For many years, I have been proud to call myself a poker player. This great sport has taken me to places I only imagined going and I have been blessed with much success. It is therefore with deep regret that I believe I am compelled to release the following statement.

I am deeply disappointed and embarrassed that Full Tilt players have not been paid money they are owed. I am equally embarrassed that as a result many players cannot compete in tournaments and have suffered economic harm.
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.

My name and reputation have been dragged through the mud, through the inactivity and indecision of others and on behalf of all poker players I refuse to remain silent any longer. I have electronically filed a lawsuit against Tiltware related to the unsettled player accounts. As I am sure the public can imagine, this was not an easy decision for me.

I sincerely hope this statement will ignite those capable of resolving the problems into immediate action and would like to clarify that until a solution is reached that cements the security of all players, both US and International, I will, as I have for the last six weeks, dedicate the entirety of my time and efforts to finding a solution for those who have been wronged by the painfully slow process of repayment.

Developing but more to come…read Ivey’s Facebook page here.

UPDATE: Confirmed from another source the legitimacy of the statement. Multiple sources say Ivey is “steaming.” More to come…

UPDATE 2: Now up on Ivey’s website here.


25 Responses

  1. Saphira

    June 1, 2011 5:24 am, Reply

    Phil Ivey would do better to focus his energies on an out-of-control DOJ that has locked up the funds needed for Full Tilt to complete the refunds.  I have a lot of respect for him as a poker player, but I don’t think he has taken the time to get all the facts.

    It scares me that the govornment only has to charge you, and freeze your bank accounts, in order to severely cripple your business, your reputation and your livelihood.  They have not even proven their case yet, but have already forever changed the business landscape.  No govornment should be able to do that without first proving thier case.

    As a struggling small business owner myself, I have to ask … who will be next?

  2. pkrgssp

    June 1, 2011 5:27 am, Reply

    The full statement, as a press release, is now available on his website:

  3. WORD

    June 1, 2011 7:27 am, Reply

    Saphira.. you are really dumb… learn how to spell govornment yous fuxkin reterrrd . First of all PHIL IVEY is not ‘focusing his energy’ on shit.. Ivey has people working for him, he obviously didn’t do this himself..Its called P-fucking-R. Secondly, Im sure people are hating on him hardcore since he is the face of the company that is not paying their customers back. It is just like what is happening to Sebok and Prahlad. The stupid masses wanting someone or something to blame. You knew you were breaking the law.. how can you expect shit?  They are unregulated companys based overseas!!!!!!!!1 Hes not ‘focusing energy’ at all. All he is doin is trying to make a statement to stupid ass FTP so they can stop being greedy bastards and get their shit together.  YOU CANT BLAME A SPOKESMAN FOR SHIT. 

  4. Marko

    June 1, 2011 8:02 am, Reply

    I think he has done what he can do for his own image, as has been said he is the face of FTP and i think he has made the right move to distance himself and make a public statement as he has done. Smart move in my opinion either by himself or his PR guys. 

  5. keith jenks

    June 1, 2011 8:10 am, Reply

    Ivey is a psychopath; to understand his moves you need to ask what he gains from them. My guess is he has tons of money on Tilt and he couldn’t persuade anyone to give it to him, so now he’s using the weight of his armies. Textbook.

    • Burchieburch

      June 1, 2011 8:53 pm, Reply

      Say Ivey has 5-10 mil in his full tilt account, which he probably doesn’t…considering stats on tracking websites…that is nothing to his net worth. In fact, he has a large stake in Full Tilt Poker and is basically one of the founders. His reputation is more important than 5-10 mil, and he could easily spend a few mil seeking justice. 

      Ivey came from nothing and isn’t just some greedy bastard who is all about money…that is one of the reasons he is so good.

  6. skorpyd1

    June 1, 2011 8:46 pm, Reply

    I think pretty much everyone on Full Tilt Poker is Fcked. Very few people are going to get all of their money back. I know it is a huge brand, but it sounds like they’ve been spending money they don’t have. 

    I just realized there is a good chance that it is a giant Ponzi Scheme. They’ve been relying on the idea that players will never all cash out all at once. There is no way they have every single dollar in every persons account accounted for. I used to wonder how they could operate like they do when their rake is so small, but once money is in their offshore accounts they can do whatever the hell they want with it and the rake is the least of their worries.

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