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He was initially supplied A$40 million (US$30 million) in chips, which he lost inside three days, according to court documents. Soon after seven days at the tables, he left the casino A$43,209,853.34 (US$32,887,019.38) in the red, which incorporated 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 still spend the man his income and take its loss just like gamblers do every day of the week. If management decided to break its own protocol in exchange for keeping a high-wire gambler delighted, that is a company selection that comes with possible consequences. Back when I reported a 2010 cover story on Phil Ivey for Cigar Aficionado, his penchant for high-stakes gambling away from the poker room 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 circumstances of costly Spanish wine and the kinds of sublime, smaller-production cigars that most of us will never ever 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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