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He was initially presented A$40 million (US$30 million) in chips, which he lost inside 3 days, according to court documents. After seven days at the tables, he left the casino A$43,209,853.34 (US$32,887,019.38) in the red, which integrated a hotel bill of more than A$420,000 ($320,000). If Ivey did what has been alleged—and that has but to be proven—the casino really should nevertheless pay the man his funds and take its loss just like gamblers do each and every day of the week. If management decided to break its own protocol in exchange for keeping a high-wire gambler happy, that is a organization choice that comes with prospective consequences. Back when I reported a 2010 cover story on Phil Ivey for Cigar Aficionado, his penchant for higher-stakes gambling away from the poker space was no secret. I watched him at a craps table, casually placing hundreds of thousands of dollars into action. Then I witnessed casino hosts wooing him with instances of highly-priced Spanish wine and the kinds of sublime, little-production cigars that most of us will under no circumstances see. In spite of the scandals, Ivey, who has $23.4 million in lifetime tournament earnings, was inducted into the Poker Hall of Fame this year.

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