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Phil Ivey's Delay Tactics to $10.1M Payment Pisses Off Borgata, Files Cross-Appeal

Tags: Borgata Casino, Edge Sorting, MGM Resorts, Phil Ivey
Posted on Wednesday, October 03, 2018 by "T".
Borgata definitely did not take it too kindly when Phil Ivey tried to delay and hold on to the money he won from them via the edge sorting technique. As he tried to appeal to overturn the decision that he must pay back the $10.1 million (but apparently fell on deaf ears), the casino has amped up their legal game to perhaps give Ivey a very harsh lesson. Borgata is currently searching for a way to[...]   Read more » Phil Ivey's Delay Tactics to $10.1M Payment Pisses Off Borgata, Files Cross-Appeal

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  3-Oct-18, 15:55   #1
Phil Ivey's Delay Tactics to $10.1M Payment Pisses Off Borgata, Files Cross-Appeal 0 
Gerimantas 
Joined: Jan '17
Location: Lithuania
Age: 60 (M)
Posts: 1547
Yes again this situation about Phill Ivey versus borgata casino, i think it is not suoer clear what to do here and who can win in Court because i personally think ivey not do anything not legal, it is casino problem they have bad cards, they can day it is card manufacturer problem, but they use bad cards

     
  3-Oct-18, 17:37   #2
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 53 (M)
Posts: 6628
Nothing to unusual. Both sides try to appeal those rulings, that don't favour them. Ivey to avoid paying back the money, and the casino to squeeze out more money, than had been awarded to them. Interesting is only the penalty for the maker of the cards.

     
  3-Oct-18, 23:12   #3
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 39 (M)
Posts: 2911
Borgata casino plays dirty in this case. Wants to take advantage of this process and receive damages of 30 millions dolllars. Is not correct. Phil Ivey did not cause financial damages for this casino and a correct decision is most appropriate to make a good justice.

     
  4-Oct-18, 07:51   #4
  0 
doubletop777 
Joined: Mar '11
Location: United Kingdom
Age: 49 (M)
Posts: 7150
I can see this case lasting many years and i still do not know what the likely outcome will be. I thought at the time, that Phil Ivey had done nothing wrong and should be paid his winnings and i still stand by that

     
  4-Oct-18, 08:03   #5
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 53 (M)
Posts: 6628
The house always wins, even in court. Evil
By now there had been some rulings in those cases, even in different jurisdictions, and all ended in the favour of the casinos. So i would be surprised if any appeal would change this trend.

     
  4-Oct-18, 09:14   #6
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 33 (M)
Posts: 6592
I thik that best thing for him this moment is to make some deal with this casino,to try to pay them in few years,every year same amount or month and maybe he can pay less!but if he continue with this,he will lose more and more!he cant beat them!

     
  4-Oct-18, 10:00   #7
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 41 (F)
Posts: 13073
The way it goes i see ivey paying even more, from what i have read from this article.
It is interesting the financial details provided here about his buy ins and recent winnings.
What exactly is he trying to achieve. Winning 10 millions so that he can repay them back?
I really doubt about it...

     
  4-Oct-18, 16:58   #8
  0 
Calmplay 

Joined: Apr '08
Location: Mauritius
Age: 54 (M)
Posts: 4076
As mentioned above the house will probably win even in the court but I think that both parties will find an agreement to pay less than the 10 miilion. But what is shocking is that I thought Ivey was worth more than 20 million Shock

     
  4-Oct-18, 19:42   #9
  0 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 34 (M)
Posts: 6029
After all these considered I think Phil here is trolling them hard and probably spending that nifty ten million bucks onto his legal defense which in retruspect not a bad idea since it could buy him more time meanwhile make Borgata spend another enormous amount on their legal team. Funny.

     
  9-Oct-18, 23:18   #10
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 39 (M)
Posts: 2911
Unfortunately, Phil Ivey and that friend are in a complicated situation. Borgata Casino wants 30 millions dollars and is a very large amount which will destroy Ivey. Then they will ask for money also from this friend i think. With lawyers will cost him a fortune and it will be very difficult for him.

     
  10-Oct-18, 11:20   #11
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 41 (F)
Posts: 13073
Perhaps his lawyers have told him, that he can win the case, or whatsoever,
if it trains the whole thing over and over.
In the mean time, they are getting paid for almost absolutely nothing, just
filling.
The winners again from this case are the lawyers.

     
  10-Oct-18, 23:19   #12
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 39 (M)
Posts: 2911
Lawyers always win except when doing pro bono. When you hire a lawyer, you are aware that you have to pay his fee. The same when you go with the car to repaired... You must to pay for the services rendered even if you win or lose. If Phil Ivey and his friend lose then they will pay a lot of money.

     
  3-Nov-18, 22:53   #13
  0 
Nightkid 
Joined: Apr '17
Location: Argentina
Age: 31 (M)
Posts: 214
the weird thing would be to see that they do not harm a person ... as they always say the house wins hahaha I hope this is not the case and it ends badly for this man Phil Ivey ... but well that will be decided in court and I hope not There's nothing weird because there is one that releases some twine to put the balansa... Angry Angry Angry

     
  4-Nov-18, 12:03   #14
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 41 (F)
Posts: 13073
Well if it was the other way around, i mean always the player wins...
then there wouldnt be any casinos, anywhere, since all of them would have been out
of business, right? Smile
Especially when they were paying out players like phil ivey, which he was
practically cheating.

     
  6-Nov-18, 12:25   #15
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 39 (M)
Posts: 2911
Not all players earn in the casino, but there are plenty going out of the casino with profits. Phil Ivey tried to get a mountain of money from two casinos and now has big problems. Borgata wants 30 million dolars instead of 10 and if he wins, Phil Ivey will be bankrupt. Bad mistake for Ivey. He had to try other casinos not only two. Now he will pay.

     
  6-Nov-18, 13:03   #16
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 41 (F)
Posts: 13073
That is true. But the lucky few can leave with huge winnings, either in cash,
or other prizes like am expensive car for example.
Everyone that goes into a casino for example to play slots, will try their luck
in the progressive slots, where the big money is Smile
Less chances to win something there, but you never know Smile

     
  7-Nov-18, 12:29   #17
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 39 (M)
Posts: 2911
Depends on what kind of games you play. A minute's walk from where i live there is a sports betting with slot machines as well. A neighbour has won 50,000 lei ( 12.500 dollars ). I think the younger boys there were envious of him. Smile There are chances but for a substantial gain is very difficult.

     
  7-Nov-18, 13:19   #18
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 41 (F)
Posts: 13073
It always depends on the games you play. While in casinos, the most success i ever had,
was in slots of course. I cant say that i have played other games like blackjack, roulette,
etc. Just a couple small bets for the fun of it.

Nowadays the local shops with slots keeps increasing and you can find one almost
everywhere. No need to go to a casino anymore for small play and winnings.
And this because your earnings there are limited, hile in casino there is no limit.

     
  8-Nov-18, 13:09   #19
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 39 (M)
Posts: 2911
I know these slot machines are shared in many places and in my dirty city, the most polluted European capital Bucharest ( because of corrupt politicians ) there are many casinos, sport betting or loterry. There are houses that offer jackpots, and there have been plenty of players, who have earned good sums with slots. Few hundred or few k and of course there are losers or winners.

     
  9-Nov-18, 19:54   #20
  0 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 34 (M)
Posts: 6029
Posted by CALICUL:
Unfortunately, Phil Ivey and that friend are in a complicated situation. Borgata Casino wants 30 millions dollars and is a very large amount which will destroy Ivey. Then they will ask for money also from this friend i think. With lawyers will cost him a fortune and it will be very difficult for him.

Either way he is f*cked for sure. His lawyers will bleed him dry or Borgata will. He could have make a deal before the trial, would have been cheaper...

     
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BankrollMob Forum » News » Phil Ivey's Delay Tactics to $10.1M Payment Pisses Off Borgata, Files Cross-Appeal

 
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