Poker news tagged with 'atlantic city'

Phil Ivey finally settled his lawsuit with Borgata earlier this month.

The undisclosed agreement between the two parties comes after a six-year legal battle regarding the controversial "edge sorting" technique they used in baccarat.

According to court documents filed on Thursday, July 2 in the United States Court of Appeals for the Third Circuit, the two parties reached an agreement on the $10.1 million that Phil Ivey owed the Atlantic City casino.

Read more » Phil Ivey Settles $10.1M Lawsuit with Borgata

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.

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

It's no news that casinos in Atlantic City are struggling since a few years ago. The fact is that many of the city's casinos have been forced to file for bankruptcy and close down.

Read more » Trumps Takes To Twitter On Atlantic City Casinos Failure

On Monday, Caesars Entrainment Corp., which runs casinos across the U.S., reported that they had made a loss of $466.4 million in second-quarter of 2014, compared with a prior-year loss of $212.2 million.

Read more » Caesars Reports Loss of $466.4 Million For Second Quarter

Poker professional Eric Riley, 32, got a ride to the JetBlue terminal last Wednesday from a new-found friend named Junior, who he had met a few days earlier at the Borgata Hotel Casino & Spa in Atlantic City.

Once they arrived at Terminal 5, Riley got out of the car to collect his bag, which contained $100,000 in cash after a big win in Atlantic City, in the trunk. Unfortunately the greed got the best of his so-called friend who took off from the terminal with the trunk still open just as he was about to grab his bag.

Read more » Poker Pro Escapes Robbery - Twice in 1 Day!

The Atlantic Club Casino Hotel filed for Chapter 11 bankruptcy protection on Wednesday. The Atlantic Club has suffered a $7.3 million loss for the first 7 months of this year according to bankruptcy court documents.

Read more » Another Atlantic City Casino Seeks Bankruptcy Protection

Revel Casino-Hotel in Atlantic City will be closing its poker room next month. Apparently the poker room hasn't made enough money compared to the rest of the casino games (black jack, slots machines etc), so it simply wasn't worth it for Revel Casino Hotel to keep the games going anymore. Below is a statement on the decision to close the poker room:

After careful consideration and in an effort to further improve the overall operating performance of Revel Casino Hotel, management has made the decision to close our poker room operations effective August, 2013.

Offering poker as an amenity on the property will be considered in the future as a component of an overall strategy related to our online opportunities. We have a very talented team of professionals who work in poker operations and we are actively working to place as many as we can in other areas.

On Wednesday, Barry "the Robin Hood of poker" Greenstein posted a blog on traveling to find the best games in poker. Barry wrote that he hasn't been traveling much as of late and as a result of that he has missed out on many good games.

"One of the things that I haven't done recently as much as I should have is travel to play in good games. When I was younger and single, if there was a good poker situation I found out where it was and went there, because I was free to travel. I just hopped on a plane, had some contacts, and got in the game.

Read more » Barry Greenstein: "sometimes finding the best game means traveling"

On Monday, Atlantic City's biggest bad beat jackpot ever was paid across Caesars Entrainment's 4 casinos. More than 400 players received $958 each from the $787,320 jackpot at the Caesars Atlantic City, Harrah's Resort Atlantic City, Showboat Atlantic City and Bally's Atlantic City.

Read more » 2 Bad Beat Jackpots Hit In Atlantic City!

Steven Gedney, 52, from Dover, Delaware went to Atlantic City to play poker at Caesars Casino not long ago. Like all other players who went to play poker at the casino that day, Steven hoped to win some money and to have a good time. However, he couldn't never imagine that he was about to win a lot of money - with the "losing" hand.

Steven Gedney had 4 of a kind 3's and hoped for his opponent, Dobrzanski, to have one of the aces on the table. Steven and Dobrzanski both went all-in. Steven showed his hand, and to his surprise, Dobrzanski had 4 of a kind aces. Steven Gedney realized after a few seconds of thinking that he was the big winner (and not his opponent..) and that he was about to get a large piece of a huge bad beat jackpot. Steven Gedney received not less than $276,979 from the jackpot. Dobrzanski who had the winning hand got $138,489. The rest of the players at the table also had a reason to be glad for Steven and Dobrzanski as they also got $20,000 each from the jackpot.