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aug
30

Nevada Judge Unfreezes Nick Marchington's Winnings from 2019 WSOP Main Event

Tags: 2019 WSOP, C Biscuit poker staking, Nick Marchington, WSOP.
Posted on 30 August 2019 by "T".

Nick Marchington, who was a final tablist in the 2019 WSOP Main Event, can now finally take home his prize money (worth $152,000) with him back to England, thanks to a Nevada judge clearing the way for him.

According to a report from Las Vegas Review-Journal on Tuesday, a Las Vegas judge lifted an injunction that froze 10% of the $1.525 million winnings that Marchington earned in July at the WSOP Main Event for finishing 7th place.

Instead of celebrating a marvelous achievement that was added to his poker career, the 21-year-old British's face was slammed with a lawsuit, temporarily tarnishing his win after a misunderstanding erupted between him and his former backer, staking company C Biscuit Stables.

Collin Hartley and David Yee, owners of C Biscuit, sued Marchington, claiming they purchased 10% of his action before the tournament began and thus were eligible to a cut of his winnings.

As for now the status of the lawsuit is unclear, but going by the judge unfreezing Marchington's disputed $152,500, this meant that the judge has sided with the poker player.

How It Started
The British poker player admits he originally had made a deal with C Biscuit, which offered him $1,200 for 10% of his Main Event action, denoting a 1.2 markup on the $10,000 buy-in tournament. However, right before the said event, he also admits that he reneged on this deal since he eventually got a better offer - a different party proposed $17,000 for 10%, denoting a 1.7 markup yet still for the same stake.

Based on court documents, Marchington told C Biscuit that he intended to switch backers even before the tournament started and, because a written contract wasn't made, the staking company had no choice but to accept the refund he had given.

While the poker community deemed this move an example of bad etiquette, Marchington's legal team on the other hand stressed that their client had "the necessary free will to exit the agreement at any time."

However, C Biscuit isn't having any of that, arguing that because the transaction wasn't completed until after the tournament started, then they had a right to a payout.

The staking company initially paid Marchington through a dollar transaction into his account at PokerStars. Both parties agreed that the refund must be paid in cash, but at that time Marchington was unable to produce the money until Day 2 of the tournament, in which during that time he was already one of the chip leaders.

Wanting a Piece of the Pie
Marchington's attorney Ronald Green said that it was "revealing unto itself" that C Biscuit accepted the refund but only filed suit when his client had already won a huge sum of cash in the Main Event, "It seems highly unlikely C Biscuit would have dispatched another associate to return Mr. Marchington's refund had he not won any monies in the Main Event and, instead, simply lost his entry fee. Or, stated otherwise, it certainly appears C Biscuit was at peace with the agreement being cancelled and a refund being collected, until such a time as it realized the agreement would have been lucrative in nature."

This year's WSOP Main Event was won by German-Iranian Hossein Ensan, who earned $10 million for overcoming 8,569 players, the largest field in a WSOP Main Event since 2016.

Nick Marchington was the youngest player on the WSOP Main Event final table and just old enough to gamble lawfully in Las Vegas. He had become a professional poker player for almost a year right after he dropped out of college in order to pursue his dream.

Source:
https://www.reviewjournal.com/crime/courts/las-vegas-judge-lifts-hold-on-marchingtons-wsop-winnings-1835832/

 


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13 comments for "Nevada Judge Unfreezes Nick Marchington''s Winnings from 2019 WSOP Main Event"

 dule-vu30/08/2019 11:03:36 GMT
didnt know for this case before,so its strange when you read something like this now!who know who is right,when other side dont have anything on paper and cant show to judge what was deal between them!this was interesting deal to get 10 % if he win something!now he can spend this 10 % of winnings!
 CALICUL30/08/2019 11:36:05 GMT
A situation that could be clarified between the player and that judge. A happy situation for Nick Marchington which also recovered that percentage of 10%. It means that offer accepted by him, made the deal with those owners of C Biscuit to fall.
 pajalnick30/08/2019 12:10:20 GMT
Of course, the extra 152,000 dollars will not hurt anyone ..... this is quite a lot of money for any person .... therefore, of course, it is very good that in the end he received his winnings in full .... of course, the judicial system can do anything with a person. ... to prove something that was not and in the end will be No in fairness .... but everything is fine here
 Mober31/08/2019 12:32:40 GMT
Such things can happen. When the purchase is not written somewhere every part can claim
everything.
I do not know exactly how this happens, when someone is choosing to buy action,
but i doubt it is something formal with signatures and stuff Smile
Probably all comes down to trust... Smile But i may be wrong here...
 pajalnick31/08/2019 18:12:46 GMT
from my point of view, justice prevailed in this case of justice ..... As a result, the person received what you should have received .... Of course, when Yes intervenes in the judiciary, then it becomes quite scary for any achievements because it may look in court absolutely strange solution so carefully
 CALICUL01/09/2019 12:11:18 GMT
This situation is not a serious one and that player gave clear explanations. The judge heard the reports and decided that he is innocent. In this way the money was returned and things have been clarified. I don't think it was necessary for that man ( owner of C Biscuit ) to do so, and to earn a sum of money.
 dule-vu02/09/2019 09:39:20 GMT
Now this side will think twice next time,will they make contract or not!we can see how thing can go wrong and how they cant show anything to judge,so he must make decision like this!in america law is very clear!
 erru910702/09/2019 12:11:37 GMT
This is the reason why I don't really like backning unless its very well planned and I completely trust the other party. Things can turn ugly real fast and when it comes down to money, a lot of people don't think twice about screwing someone over completely. Unfortunately in this day and age, you can't really trust anyone 100%.
 CALICUL02/09/2019 12:55:35 GMT
There is no mentality as it was in the past. Confidence is no longer valid because some people consider it immoral if you are a good man. When you give someone money you are good, but many people no longer want to pay the debt. In this case, the player is probably right and i don't think he has to pay money, to the person who called him in court.
 StheP02/09/2019 13:52:55 GMT
realy 17k for 10%??? thats a typo BRM... its 1.700$ not 17k...
IMO its all well, he can refuse his stake, and than sell to better offer... nothing illegal here... is it moral to do so...? Maybe... but its his action and he can do whatever he wants with it as long the deal was made befor tournament... a those guys in C Biscuit staking should be a shame for chasing cut of his winnings...if I am judge I would orther them to pay the player 157k as a fine to this lawsuit...
 bowie198410/09/2019 21:36:05 GMT
Posted by StheP:
a those guys in C Biscuit staking should be a shame for chasing cut of his winnings...if I am judge I would orther them to pay the player 157k as a fine to this lawsuit...

This whole story is a mess and it's worse that the justice system assist to do things like this. Shame.
 CALICUL11/09/2019 09:08:43 GMT
Yeah. Some players borrow money and when he wins, it must offer a share of its winnings. This is not abnormal but if you borrow money and you are still sponsored by one more person it is a more complicated situation. In this case he should have told the man who sued him what happened, before playing that tournament.
 pajalnick11/09/2019 10:40:53 GMT
Of course, it’s a good practice that if a person doesn’t have enough for the entry fee in a major tournament, he is a very good poker player, then he can sell a share of the potential winnings ... this helps people who feel that they can play at a Large level, but they don’t have enough money for this .... but a similar situation as described in this news This is of course very unpleasant

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