In a rather unexpected turn of events, poker legend Phil Ivey has announced that he will not be participating in the 2011 World Series of Poker and has taken legal action against Tiltware owner of Full Tilt Poker a move that no one would have anticipated seeing the two had such a good relationship in the past prior to the US Poker room closures and black Friday.
It seems that Phil Ivey has reached breaking point about payment delays from FullTiltPoker to their USA based players. Full Tilt Poker recently announced that they are raising capital to pay back their USA players their outstanding balances prompting Phil Ivey to file a lawsuit against Full Tilt Poker.
This is rather bad news for the Full Tilt brand while on the other hand FullTilt’s rivals are probably loving the news and hoping that several other Full Tilt Poker Pros follow Ivey’s lead and sue FullTilt Poker.
Read Phil Ivey’s full statement about FullTiltPoker, the lawsuit and not playing in the WSOP 2011.
Updated: https://winallpoker.com/full-tilt-poker-lawsuit-vs-ivey-dismissed