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Phil Ivey and friend ordered to repay $10M to Atlantic City casino

Tags: Atlantic City, edge sorting, Phil Ivey
Posted on Thursday, December 22, 2016 by "T".
Poker pro Phil Ivey and his friend is ordered to give back about $10.1 million that they won from the Borgata casino in Atlantic City while they were playing cards and using a technique called "edge sorting" to improve their chances of winning. The damages include $9.6 million which they won doing edge sorting while playing baccarat on their four visits, plus an extra $504,000 that Ivey had won a[...]   Read more » Phil Ivey and friend ordered to repay $10M to Atlantic City casino

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  22-Dec-16, 09:11   #1
Phil Ivey and friend ordered to repay $10M to Atlantic City casino 0 
doubletop777 
Joined: Mar '11
Location: United Kingdom
Age: 48 (M)
Posts: 6508
If the judge found that they 'committed no fraud and followed every single rule of the game of Baccarat', how on earth have they got to pay this money back? I find this baffling

     
  22-Dec-16, 13:27   #2
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 32 (M)
Posts: 4985
when they want to take you money,they will find way to do that!even if you do everything by the rules,still they have chance to be in profit and take you whatever they want!who know who have fingers in this judgment!

     
  22-Dec-16, 17:58   #3
  0 
TheMachineQC 

Joined: Apr '10
Location: Canada
Age: 28 (M)
Posts: 2558
What if he just decided not to pay? This casino is in the UK. Phil Ivey is american and can go to any country he wants, right? If he just never steps foot in the united kingdom again then could he keep his 10 millions?

I don't know about him but I wouldn't wanna give the biggest and most professional thieves in the world back the money I stole from them. Seems like a non sense... They're making that kinda money on a daily basis on working class people anyways.

     
  22-Dec-16, 19:43   #4
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 40 (F)
Posts: 11730
He wanted to go against the casinos. They have the money and the connections.
They can turn these rulings into their favor.
The question now is, does he have the money to repay back the casino
and will he retry, this so called "technique" ? Smile

     
  22-Dec-16, 21:20   #5
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 33 (M)
Posts: 9806
well this surely will drag on for a while and the guaranteed winners from this even without any edge sorting or any other fancy techniques will be the lawyers of both sides, however i think that even if ivey will lose the case, no one will find any money in his accounts, offshore banks to the rescue.

     
  22-Dec-16, 21:36   #6
  0 
kent1974 
Joined: Sep '12
Location: Russian Federation
Age: 43 (M)
Posts: 172
This story is about three years. As far as I remember from previous publications, Phil was playing by the rules. Just casino, for obvious reasons, does not want to pay such a huge win. This trial will drag on for a Very long time. Let's see what happens Smile

     
  22-Dec-16, 22:36   #7
  +1 
Ingrind33 

Joined: Sep '15
Location: Netherlands
Age: 35 (F)
Posts: 876
Vile Ivirus.... Hmm, you know what, criminals are sad, but hey SOME, they just need to make some money, but this grasshopper looking fool was already having some money and he still needs to be a greedy person. You are nothing, if you want to scam a casino, you are nothing, but a primitive village conman, who survived by frauding others.. I have no sympathy , because this selfish guy has no empathy ..

     
  22-Dec-16, 22:44   #8
  0 
kent1974 
Joined: Sep '12
Location: Russian Federation
Age: 43 (M)
Posts: 172
But I also do not sympathize with him. Just a statement of facts, nothing more. Blink

     
  22-Dec-16, 22:47   #9
  0 
Ingrind33 

Joined: Sep '15
Location: Netherlands
Age: 35 (F)
Posts: 876
Posted by kent1974:
But I also do not sympathize with him. Just a statement of facts, nothing more. Blink


Yes, I understand, I just want to make clear how much of a bad piece of nature he is...

     
  22-Dec-16, 22:53   #10
  0 
kent1974 
Joined: Sep '12
Location: Russian Federation
Age: 43 (M)
Posts: 172
Of course. But this is our world - dirt, disrespect , hypocrisy and lies. Sadly. Life is not equal Sad

     
  23-Dec-16, 07:47   #11
  0 
Skpmorita 
Joined: Feb '14
Location: Tunisia
Age: 29 (M)
Posts: 2082
What a judge .. Big Smile
It is like saying i know you didnt scam them but give the money back ..
Casino is at fault .. he didnt bring his cards with him .. he just noticed the mistakes the casino made ..
Everyone would do the same .. if i noticed that the card is gonna be high or low .. of course i would use that info for my benefit .. i m not gonna unnotice that and make myself lose ..

     
  23-Dec-16, 13:35   #12
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 32 (M)
Posts: 4985
they are all idiots and even I dont have anything from this,still would like that he dont pay them a single cent!because they want something,that they lost by the rules!so ivey take them everything and dont pay single cent!

     
  25-Dec-16, 22:16   #13
  0 
Tony_MON7ANA 

Joined: Mar '14
Location: Japan
Age: 43 (M)
Posts: 6319
$10 million is a hell of a lot of money for moderately affluent people. That kind of money might be written off nonchalantly if you are a super-rich billionaire. Ivey's wealthy friends might be able to help him monetarily.

Edited by Tony_MON7ANA (Sunday, December 25, 2016 @ 22:21 GMT)


     
  25-Dec-16, 23:22   #14
  0 
StheP 

Joined: Oct '14
Location: Serbia
Age: 27 (M)
Posts: 3926
I dont know where I heard, but I think he lost apeal, and heve to pay not 10.1m$ but 16m$... realy cant remember where I read it... maybe its not true... but here is my opinion of the situation... they are both right, and they are both wrong at the same time... if you call this cheating, than he should pay casino... if you dont call this cheating, than he shouldnt pay casino... and by the way I think ingrind said that he didnt bring his own cards... actualy I think he requested for these cards that he knew that they are deformed... if lines on edges are higher, that means that id higher value card... if lines are lower, that means card value is lower... problem is casino agreed to his request's... so they should notice that cards are deformed.... well I dont know what to say... he is guilty, and also he isnt guilty...

------------
and I think this is a lot of money for ivey, and surely he will feal loss of it... also I dont think he have much real friends billionairs that will just pay for his friendship 16m$... there is no way someone would just drop 16m$, especialy those greedy billionairs... if they give up their money that easy, they wouldnt be billionaire...

     
  26-Dec-16, 00:11   #15
  0 
Tony_MON7ANA 

Joined: Mar '14
Location: Japan
Age: 43 (M)
Posts: 6319
Well, Phil Ivey's net worth is more than $100 million. He probably can pay the fine himself if his loaded friends or loyal backers won't help him out. The court might approve an installment payment plan. Yet, it will be a major blow to him financially.

Edited by Tony_MON7ANA (Monday, December 26, 2016 @ 01:08 GMT)


     
  26-Dec-16, 01:25   #16
  0 
StheP 

Joined: Oct '14
Location: Serbia
Age: 27 (M)
Posts: 3926
Posted by Tony_MON7ANA:
Well, Phil Ivey's net worth is more than $100 million. He probably can pay the fine himself if his loaded friends or loyal backers won't help him out. The court might approve an installment payment plan. Yet, it will be a major blow to him financially.

I know it says on internet that he have 100m$ but I doubt it... I think he have much less than that... and losing this case will drop him so much on money list...

     
  26-Dec-16, 16:30   #17
  0 
ChromaKey 
Joined: Feb '09
Location: United Kingdom
Age: 61 (M)
Posts: 2
he was asked to cough up too to a london casino for edge sorting a while back...

     
  26-Dec-16, 16:49   #18
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 40 (F)
Posts: 11730
It wouldnt be a surprise if he is in a casino after casino looking for defective cards.
And while they will be looking for him in the future, most of the casinos,
the chances are that he will be able to make it again.

     
  26-Dec-16, 22:18   #19
  0 
Tony_MON7ANA 

Joined: Mar '14
Location: Japan
Age: 43 (M)
Posts: 6319
Phil Ivey's net worth might appear to be a bit of an exaggeration. The figure represents the combined worth of his entire fortune. It does not necessarily mean that he holds enough liquid assets or other types of assets that are readily expendable.

Edited by Tony_MON7ANA (Monday, December 26, 2016 @ 22:23 GMT)


     
  27-Dec-16, 00:50   #20
  0 
Joebottrop 
Joined: Jun '08
Location: Germany
Age: 39 (M)
Posts: 53
i dont understand, why phil still play ..didnt he earned enough also his wife left him cause of gambling ..

     
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