What still remains to be a never-ending saga of Phil Ivey versus the Borgata Casino continues even this year 2020.
If you need a detailed refresher on how Phil Ivey's edge-sorting case started, check out these articles:
Last year in February, 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, in an attempt to collect the approx. $10 million they claim Ivey and his accomplice Cheng Yin "Kelly" Sun associate owe them. Bad luck for Borgata as Ivey did not have enough assets worth seizing in New Jersey. After the court ruled in its favor, the casino was only able to find a Wells Fargo bank account under Ivey's name in the Garden State. It turns out the account was empty and Borgata's legal team declared that the two, Ivey and Sun, had moved their winnings to a Mexican bank account.
Many believe that Borgata may have ended up empty-handed, as Ivey is known to have moved his worth into different holdings outside the United States. The fact that journalist and 2018 Poker Hall of Fame candidate Haley Hintze just recently revealed that a Borgata attorney attempted to seize the $124,000 Ivey won last summer in the WSOP in Event #58: $50,000 Poker Players Championship is a strong indication that Borgata is getting more desperate.
"It is not known whether the Borgata successfully claimed that $124,000, but in an interesting follow-up, Ivey played only one other event, the $10,000 WSOP Main Event, and busted after just 51 minutes of play. Among several possibilities is that Ivey is playing recklessly, perhaps not minding if he busted, to prevent the Borgata from seizing additional poker winnings.
The end result is that it may be quite some time before Ivey plays another major poker event in Nevada. He is a 10-time WSOP bracelet winner in addition to numerous other titles earned in the state," wrote Haley Hintze.
After over a month has passed since Ivey won $124,000 at the 2019 WSOP, two poker players, Daniel "Jungleman" Cates and Illya Trincher, claimed that they backed Ivey for 100% of his WSOP plays that summer, and naturally they want their share of his winnings. As part of the backing deal, the 42-year-old poker legend agreed that half of his tourney wins shall go to Cates and Trincher. Along with that they were guaranteed to get back the initial $50,000 buy-in. The irate pair now have filed a legal objection in Nevada against Borgata for withholding Ivey's winnings.
Ivey's attorney Jeremy Klausner lashed back at Borgata, stating that they did not follow the proper procedure and did not comply with the statements included in the Writ of Execution.
Ivey's legal team continued to fight back in New Jersey, claiming that Borgata were involved with the $10 million that Ivey and Sun won. Klausner put emphasis that the dealers that time willingly flipped the decks over when Ivey and Sun asked them and therefore the pair were not breaking any laws.
It is unclear whether this case will be closed anytime this year, but one thing for sure here is that Phil Ivey is not backing down without a fight. Expect to find new developments about this issue anytime this 2020.
Source:
https://www.highstakesdb.com/10109-phil-ivey-continues-to-strike-back-at-borgata-casino.aspx
