Breaking News: Phil Ivey Boycotts WSOP and Files Lawsuit

As if the start of the 2011 World Series of Poker wasn’t enough news in the poker world today, Phil Ivey just dropped a bomb on the industry. As first reported by Wicked Chops Poker, Ivey issued a statement earlier this evening on his Facebook page that he will not be playing in the WSOP this year and has filed suit against Tiltware.

According to Wicked Chops, the statement is real as confirmed through Ivey’s manager. Below is the entire statement 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 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.

This is a developing story and once more information becomes available, we’ll be bringing it to you straight away.

Tags: Phil Ivey