Ivey Suing Tiltware, Not Playing WSOP
Phil Ivey has dropped the biggest bombshell on the poker world since Black Friday, revealing that he is boycotting the 2011 WSOP and filing a lawsuit against Tiltware in an effort to get player funds returned.
The statement from Ivey, as posted to his Facebook fan page, is as follows:
"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 wholeheartedly refuse to accept non-action as to repayment of players funds and I am angered that people who have supported me throughout my career have been treated so poorly.
"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."
Shortly after the statement was posted by Ivey on Facebook, speculation among poker media ran rampant.
Wicked Chops contacted Ivey's manager and confirmed that the statement was indeed from Ivey. However, there was still speculation that the statement might be a glorified "Rick roll."
ESPN poker columnist Gary Wise did his own bit of investigative work and contacted Brian Balsbaugh with Poker Royalty.
He then posted a quote on Twitter "@Balsbaugh confirms that the Phil Ivey statement came from Phil. "100% from him and real- he's talked personally to my clients."
The choice by Ivey to boycott the WSOP and sue Full Tilt gives the troubled online site yet another black eye.
The site revealed on Sunday that they were in the process of trying to borrow money in order to pay back players.
Many now speculate that the company is in worse trouble than feared. Stay tuned as we will bring you more information on this story as it develops.