The seventh-place finisher of the WSOP Main Event was summoned to court due to his unwillingness to pay out a staking company’s share.
Nick Marchington, 21, had all the chances to become the youngest WSOP Main Event champion. However, he missed the opportunity and finished seventh. Poker player’s winning amounted to $1,525,000, and now the staking company C Biscuit Poker Staking is requesting 10 percent of it.
On July 15, the company’s lawyers filed a complaint to the court demanding not only $152,500 (10% of Marchington’s prize) but also penalties.
WSOP in its turn will retain this amount of poker player’s winning until the judge delivers his ruling.
Marchington reportedly sold 10 percent of his action in Event #70: $5,000 No-Limit Hold’em 6-Handed and the same share in the $10,000 Main Event on May 29 using the poker staking company. On June 4 Nick received his funds.
Lawyers of C Biscuit Poker Staking provided the court with a series of text messages between the company and the poker player. It said that Marchington confirmed giving the staking company their share for Event #70, however, he waited until the last minute to inform about his participation in the Main Event. Moreover, when Nick finally confirmed his presence in WSOP Main Event, he added that he was canceling the company’s piece.
Marchington admitted that his behavior was definitely not a good example to follow. Nevertheless, the poker player emphasized that he had canceled the deal before the official start of the championship.
The trial is still underway.