 In September 1999, Kerry Packer reportedly lost £11 million ($16.5 million) at Crockfords overtaking the previous British record loss at the time of £8 million by Greek millionaire Frank Saracakis, which also occurred at Crockfords.In 2012, poker player Phil Ivey, won £7.7 million after beating the casino in a session of punto banco baccarat, but was refused payment due to allegations of edge sorting.Ivey admitted to edge sorting, considering it a legitimate strategy and later sued the casino, but the court ruled in favor of Crockfords, stating Ivey was "cheating under civil law".