The Atlantic City casino is still on the prowl for its $10.16M owed since 2016 by the controversial edge-sorting poker pro.
A New Jersey federal judge has given the green light to the Borgata Hotel and Casino to chase down Phil Ivey's assets located in Nevada.
The 10-time WSOP bracelet winner Phil Ivey still owes the casino $10.16 million after winning a 2016 lawsuit for baccarat winnings he won[...] Read more » Borgata gets Green Light to chase after Phil Ivey's Assets in Nevada
Joined: May '09
Location: Croatia
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Posted by bowie1984:
Posted by dule-vu: yes,if he dont pay it,his life is finished in USA,I mean in way for making money,making transactions with bank and so on!he knewt from start that he cant beat system and law,not he is on end or road!I understand its big money for him to back,but better to give back them this and to have normal life,then this!
I am not worrying about him - he will be able to live off his name recognition and offshore opportunities for the rest of his life, but yeah - good luck finding a domestic casino with open arms towards him after this...
well thats problem,his career in america is finished if he dont back this money,but ofcourse he have enough money to go anywhere in the world to buy house and to live and play poker or whatever he want till rest of life!but if he want to do something in america,then he can forget!
Joined: Apr '17
Location: Argentina
Age: 36 (M)
Posts: 584
Well here we see that not everyone is doing well hahaha they are harassing him so he can charge what he owes me to remind the collectors or places to get something in installments and for reasons you can not pay or finish paying and they start with lawyers and getting interests hahaha
Joined: Jan '14
Location: Romania
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I have the impression like Phil Ivey he does not want to pay this money because it is painful for him to lose so many millions of dollars. Is very difficult for most professional players if they were in his place. His misfortune was that Borgata won the process. He does not want to accept the decision and he hopes for a miracle, to stay with the money.
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
Wonder what will happen, if for example he takes place in a WSOP tournament in usa, and then wins big. Will he be able to take the money, or they will confiscate his winnings? Not that it will be a big problem for him though. With so many tournaments running all over the planet, it will just be one event minus. That if he wont be able to participate.
Joined: Apr '17
Location: Argentina
Age: 36 (M)
Posts: 584
I think I see it wrong hahaha if you win some nice event it is possible that you confiscate the money earned by the debt ... it would be more logical I think unless you already have the money and just do not want to drop and pay what what should I do for abaro hahaha
Joined: Jan '14
Location: Romania
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Posts: 13310
I do not know if the bankruptcy solution is good. It's possible that she should go only if Phil Ivey is a corporation or a firm. Unfortunately for him he is not and if he does not pay the money for Borgata then he will migrate in Asia to Macao. He will have strong people to play with him.
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20507
he can forget on playing at WSOP and to try to win something!everything can just be taken from him,in america everything is connected and ofcourse they will take right away this money till they make to this 10 millions!he will have much more problems in future if he dont pay it!
it is rather strange that the casino cannot recover the money that it had seized .... it seemed to me that it was quite easy .... Elementary blocking of bank accounts .... or forced withdrawal of funds from bank accounts .... But apparently his bank account classified once this situation
Posted by CALICUL: I have the impression like Phil Ivey he does not want to pay this money because it is painful for him to lose so many millions of dollars. Is very difficult for most professional players if they were in his place.
Well, imagine how painful was to the casino makin' out that eight figures check to him that night in the first place - which is probably the reason they've looked into his play agter that.
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13310
Everywhere is painful for casinos when losing large amounts of money. Often they become nervous and researching very good on the video cameras. When they discover something, i think they clashing champagne glasses of happiness. I wonder what Ivey will do in this case.
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20507
its strange that they didnt check his play before they payed him or to watch on cameras how he play at that moment!he is famous player,but they could still check him right away,not after they pay him this huge amount!but anyway,he lost this and casino want money back!
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
It is not a single game that they played. You either watch a game and refuse to pay at once, or you pay the players. What do you think casinos do? Saying to the patrons, hold on to check the cameras first if everything was according to our rules, and then will pay you? The payouts are instant.
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13310
Unfortunately for Phil Ivey his life in casinos begins to be worse. It will not take long and he will begin to be restricted in casinos in my opinion. I think these casinos there will be allies against him and he will only play in other countries who will accept this. The life of Phil Ivey in casinos will be better if he will pay the debt.
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20507
they have that kind of laws in america,that even if they pay you,they can still take your money from you if they want and if they find some mistake in your play!but ofcourse its strange that they didnt find out before they payed him this 10 millions!
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
And again, because the payouts are instant. In order to see what is going on there you have to study the whole play. You cant understand live what is going on. If that was the case they wouldnt be doing it, in the first place. What is the point on that, getting caught in the act.
