WSOP Finalist Backers \u201cEntitled\u201d to Payout<\/h2>\n
In court filings, C Biscuit owners David Yee and Collin Hartley claimed that the deal hadn\u2019t been cancelled. They had initially offered Nick Marchington a small buy-in of $1200 for 10% of his winnings. Though another backer offered the player $17\u00a0000 for the same stake, which he reportedly accepted and informed C Biscuit of. In the absence of a contract, the company could only accept his refund.<\/p>\n
Despite what is considered etiquette in the Poker community, their decision to take the matter to court is not unheard of. However, Marchington\u2019s counsel argued that its client had the right to \u201cexit the agreement at any time\u201d. But C Biscuit believed that, since it was not completed by the time the tournament started, they still deserved a payout. Initially, they made the transaction on Nick Marchington\u2019s PokerStars account, but agreed to a cash refund when he was among the chip leaders.<\/p>\n
Next Steps for Nick Marchington<\/h2>\n
During proceedings, the players\u2019 lawyer, Ronal Green, argued that C Biscuit only filed suit after he became a finalist and won a significant amount. This was \u201crevealing unto itself\u201d in his opinion because it seemed \u201chighly unlikely\u201d that C Biscuit would have dispatched another associate to return Marchington\u2019s refund if he hadn\u2019t won anything. Thus, he would only have lost his entry fee and they would have dropped the matter.<\/p>\n
Hopefully, in future, Nick Marchington will have clearer agreements to avoid a similar situation. Since he\u2019s only 21 and legally allowed to play, we predict that the Poker scene will see more of him. Marchington placed seventh in the Main Event, while German Hossein Ensan took home the $10 million prize.<\/p>\n<\/section>\n Rachel Elam | September 2, 2019 | Updated on: December 18th, 2019Nick Marchington, a British professional poker player, was recently awarded 10% of his winnings from a Nevada judge. During a recent legal battle with a backer for the World Series of Poker (WSOP) tournament the winnings were frozen. While Marchington and C Biscuit Stables […]<\/p>\n","protected":false},"author":14,"featured_media":3343,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n<\/h3>\n<\/section>\n","protected":false},"excerpt":{"rendered":"