The optics aren't good are they?
Professional poker player Phil Ivey is set to be the frontman for a joint venture between the Pala Band of Mission Indians and former bwin.party CEO Jim Ryan, pokerfuse PRO has learned.
The new entity, Pala Interactive, plans to offer online poker and casino games in California upon regulation within the state. And though the deal is currently limited to potential offerings in California, the agreement could be extended beyond the state at a later date.
Pala Interactive is slated to use software provided by Realtime Edge Software (RTE), a company that lists bwin.party, GTECH, RocketFrog and ClubWPT among its clients.
The company Pala Interactive LLC was registered in February 2013, public records show. Susan Basinger, an Attorney who lists the Pala Band of Mission Indians as a previous client, is the registered agent for the business. The domain PalaInteractive.com was registered in January.
Phil Ivey, a sponsored pro at Full Tilt prior to Black Friday, is today the face of Ivey Poker. The new venture acquired poker training site LeggoPoker, built an impressive roster of pros, and this week launched a social poker app on Facebook. The California deal is an unrelated brand agreement.
IVEY was accused of cheating a London Casino:
Mayfair club Crockfords says professional poker player Phil Ivey, dubbed "the Tiger Woods of poker," cheated playing punto banco - a form of bacarrat favoured by James Bond.
He is said to have pulled off the scam in four sessions over the August Bank Holiday weekend last year.
In one of the biggest legal battle in casino history, the 185-year-old casino is fighting a legal demand by Mr Ivey that it should pay out.
The 37-year-old from Las Vegas insists he won fair and square and that the casino should honour its commitment.
But in legal papers lodged at the High Court, Crockfords claimed Mr Ivey had spotted asymmetrical designs on the back of cards caused by cutting errors.
It says he then used "superstition" to stack the cards in the pack to press home his advantage and bet increasing amounts over two days.