Here is a full copy of Phil Ivey’s Press Release:
"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 whole heartedly 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."
So far so good, he wants to stand up for the players and won't play until they got their money back. Now if you want take a closer look at the lawsuit which was filed in the District Court of Clark County, Nevada - you can check it out here: Ivey Complaint - You can also follow @oskargarcia on twitter, as he uploaded the copy of the lawsuit.
In a nutshell: Phil Ivey is asking for $150 Mio and the immediate reactions in poker communities and from the Pro's have been very mixed to say the least. Some still believe that he really wants to help players to get their funds back, Pro's such as Mike Matusow and Andrew Robl already commented via twitter or their blogs and highlighted the selfishness of this move.
Let's take a look at the statement from Tiltware from last night:
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