Marchington’s WSOP Winnings Released by Judge in Staking Dispute3 weeks ago
WSOP Main Event final tablist Nick Marchington has had his full $1,525,000 winnings for taking 7th place at last month’s WSOP Main Event released, a Las Vegas judge lifting a hold on the 10% claimed by a poker staking site.
Marchington’s staking problems went viral earlier this month when it was revealed that C Biscuit Poker Staking partners, David Yee and Colin Hartley, had filed a lawsuit claiming that the Englishman owed them 10% of his big win.
The duo had paid Marchington $1750 for 10% of his action in two WSOP events, Marchington cancelling the Main Event portion when he discovered he could receive a much better price.
His decision divided the poker community, some feeling it was perfectly ok so long as it was done prior to the event, others feeling he ought to honour his initial commitment.
Marchington took to Twitter to explain his side of the argument, accepting it was ‘bad practice even though allowable’…
This week, the Las Vegas Review Journal reported that Marchington’s winnings had finally been released in full, the $152,500 claimed by the staking team included, although there was no indication that the lawsuit had been settled.
Marchington’s lawyer Mac Verstandig responded with a ‘no comment’ when asked by the LVRJ about the legal battle’s status.
The Rio/WSOP and parent company Caesars Entertainment have been busy middlemen between players and the Nevadan courts this month, Phil Ivey’s PPC winnings finally released as well.
In Ivey’s case, however, the money was forwarded to the US Marshal’s Service after the Borgata served a writ on his Nevada assets, part of the long-running edge-sorting scandal that has dogged the poker legend for more than half a decade now.
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