The Borgata may have been successful in winning their court dispute against poker pro Phil Ivey over the baccarat winnings he earned by using a technique called edge sorting at the casino, but another obstacle reared its head up, and this time it is when exactly the poker pro will be able to pay that money.
According to Card Player magazine, court documents reveal that the Borgata legal team is n[...] Read more » Phil Ivey attempts to Delay $10.1M Payment to Borgata from Edge Sorting Dispute
Joined: Nov '10
Location: Venezuela, Bolivarian Republic of
Age: 42 (M)
Posts: 78
They are things that always happen, try to find the advantage to be able to beat the casino if the detail in the cards grabbed it, it was very well taken advantage of by Phil Ivey, until it was discovered and blaming the card factory is something that is not it seems to me that the casino staff should realize and verify that they have the best for that job, let's wait and see what happens and when it's time to pay Ivey
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
What lame excuse they have given, in a try to avoid the penalty, which is actually repaying the money back. At the end, who cares if he has still a bankroll to play poker or not. The ruling was guilty and he must pay no matter what, the whole sum for their unlawfully action. He should have thought at that in the first place, before going from one casino to another, trying to scam them. Cause thats what it was at the end. From the moment he conspired with someone else, to do the so called edge shorting, he was scamming.
how long this process lasts ... of course he does not want to part with such a large sum of money and in every possible way tries to avoid giving money .... but how it seems to me how much he would not be spending his time he will still have to return the money .... although I I think it's unfair
The problem here is that both casinos did not catch on to the cheating going on quick enough the dealer and pit boss have to be in control of the situation doesn't help if you keep replacing a defective pack of playing cards with more packs of defective playing cards. lol
Joined: Mar '11
Location: United Kingdom
Age: 55 (M)
Posts: 7371
I cannot comprehend what it would be like to give back $10,000,000. Phil Ivey is undoubtedly a very wealthy man but this is going to take a huge chunk out of his net worth in my opinion
Joined: May '08
Location: Lithuania
Age: 39 (M)
Posts: 10090
ok I just wonder what happens if phil ivey posts that he has no money remaining in his accounts and has no real estate under his name... I mean it's 10 millions, why not try to keep it in all ways possible, better ay 1 million to top lawyers and financial consultants and keep 9 millions to yourself
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20468
even if he give everything to mother or any other person,real estate,money,they will pay somehow this money!in future he will win money on tournaments and all of this money will be took from him right away till this 10,1 million!dont know who is right in this,but somebody will take money! maybe would be better for him that he make some contract with this casino,to promote them or whatever and to pay this amount trough this way and everybody would be happy! but if not,he will pay this amount,we all know how things work in america!
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13303
Casino owners want to recover money from Phil Ivey but for now they try a decent method to succeed this thing. I'm sorry that this professional poker player has lost the process and now he has to pay a lot of money but casinos have made their rules and he was wrong when he cheated.
Phil Ivey is certainly a man with a phenomenal memory ... remember the cards and use it against the casino of course very cool .... but I do not quite understand how this was learned in the casino? .... he himself admitted it? .... then he though and a phenomenon but all the same the donkey
Joined: Oct '11
Location: Sweden
Age: 32 (M)
Posts: 1410
This is a really interesting case all together to be honest. You always hear about people being able to find a system or something else to get an edge on the casino to take home huge wins. This time it's within millions so it's a lot of money we're talking about.
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
Stealing from a casino, not from breaking and entering, but with a scam,or card counting etc, has never been successful. You wont get away from them for too long. Especially now with all the high tech surveillance equipment. Silly move to try something like that in the first place. Most of the casinos have probably better security, than a bank
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20468
if he really cheat on this things,that he knewt what will happen and that they knew everything what is happen at tables!if it was only couning of cards,then I dont see why is that against rules!he have memory to remember what cards are out and why he wouldnt use it!
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13303
If i was in the place of Phil Ivey i try as many casinos as possible in many countries and cheated but a little. In this way, i would have made more than 10 millions dollars and chances to be caught were much smaller. He chose to go often in that place and casino owners became frustrated when they saw that Phil Ivey win big money. So they noticed and sued him.
Joined: Jan '17
Location: Lithuania
Age: 66 (M)
Posts: 1756
Yes i think it is not good situation to phil ivey and he will havr to give money back to casino, of course it is very big amount of money 10 millions is nit money many people have, but i think phil ivey is very good ppayer and he wins many more money than this money he has to give back
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13303
Is a very large amount of money for Phil Ivey, and it will be hard to pay that money, but in the end he will pay because is forced by the law. If he does not want to pay this money, then personal property will be confiscated or bank accounts blocked and it will be worse for him. He has nothing to do and will pay that amount.
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20468
he will earn this amount in short time and for sure he can pay it now,but ofcourse nobody would like to transfer 10 millions to casino,but if this is what court say then he must pay,no matter who is right in this thing!he can take all of his money and go in some country,but then he will not back till death in america!
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13303
Phil Ivey can deposit money in any bank in the world but they will be seized if he do not want to pay that amount of ten millions dollars. Is bound by law and it is better to pay this amount quickly, to have no problems with the law and even to get into jail.
Joined: Jan '17
Location: Lithuania
Age: 66 (M)
Posts: 1756
I read about situation when phil ivey can use some techniques and try to not pay 10 million to casino, of course to have good lawyers manye it is chance, but i think he cannot play poker legal no more because he say he has no money's, so no buy in too, and wins get confiscated too
Joined: Jan '12
Location: Canada
Age: 34 (M)
Posts: 162
Hmmm, ok, here is the thing about this case... I think these casinos are missing something else.... ok... why do I feel like someone else was profiting of these “edge sorting “ cases... why are the cards.. “somewhat defective” who else knew about these cards... this has a weird feeling about to it... anyways..
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20468
I dont see why he cant play poker if he is out of money or all of money is on mothers account ot whatever!they can give him money for buy in at some tournament and he can play!same as some cash games on tv!its like your friend to give you money to gamble in casino!
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13303
About “edge sorting “ and “somewhat defective“ there may have been accomplices of course but It's strange why the casino saw these things pretty late and after that they sued him on Phil Ivey. Is an interesting story in which, as we usually know, the casino win.
BankrollMob Forum » News » Phil Ivey attempts to Delay $10.1M Payment to Borgata from Edge Sorting Dispute
