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: Mar '11
Location: United Kingdom
Age: 55 (M)
Posts: 7371
This case seems like it has been going on forever and it doesnt look like ending anytime soon. I thought at the time that Phil Ivey had exposed a loophole and took advantage of that and had done nothing wrong
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
The casino is not giving up. And why they should in the first place. He knew that something like that could happen, that is why according to the article he had moved the money i a mexican bank. The casino seems determined to get their money back, no matter the cost. And they will probably make it after all.
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20480
this is such a long story,that we cant remember how many news we had about this case!but every time we talked that he will need pay this money and that casino is right almost every time!especially after first news that how court will decide that he need to pay!they have great lobby and you cant do anything!
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13310
Almost the same thing i said. I think Phil Ivey did not cheat but i do not know what kind of rules are in casinos. Obviously the rules are more on the casino side. It's funny how Phil Ivey is trying to hide the money in another bank which is from outside of Usa. One thing is certain: he has to pay that money, but it is possible like Ivey to refuse this payment even if he lost the process.
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20480
even they moved their money on some mexican bank,casino will find way to get money back,no matter what amount it is!even he dont have any dollar at some bank in america,they will wait that he earn some amount in las vegas,on some tournament,no matter where and they will take every time whole amount that he win till they come to this 10 millions!
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
Yes you are right. He did not cheat. he just had it pre planned, conspired with at least one more person, from what we know, in order for his plan to work, and they were just messing with the dealer to drop his attention on the game. Yep you are right, everything was done by the book...
Isnt that what they call a scam ??? Or at least one of its definitions if you like?
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20480
if he declare bankruptcy and he dont pay this amount,he cant play any poker tournament in america,he cant play WSOP anymore and you think that he will miss that chance!every amount that he win or whatever,they will take right away and he will not have anything from it!
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13310
Then Phil Ivey need to move in Asia, maybe there he will have the chance to play without being confiscated the money. If he declares bankruptcy, here is a chance that he will never pay this money to Borgata. Some firms that declare bankruptcy never pay their debts and patrons are allowed to open other firms without any problem. Phil Ivey maybe he thinks he'll be forgiven and never pay his debt.
They never going to be able to get this. All of his moveable assets are either offshore or out of their jurisdiction right now. Ivey is not gonna be able to make business moves in the US ever again without the IRS breathing down his neck if he won't pay and declares bankruptcy.
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
With no doubt, he will have to watch every single move he is making from now on, regarding his fortune in general. No to mention that, he will probably getting blocked in some casinos. Why he should be welcomed after all, after what he has done.
Posted by Mober: With no doubt, he will have to watch every single move he is making from now on, regarding his fortune in general.
I am not sure why this PR nightmare was worth fighting through for him. Those millions he hides now will cost him much more down the line with a tarnished reputation.
Joined: Nov '10
Location: Venezuela, Bolivarian Republic of
Age: 42 (M)
Posts: 78
This story continues for a long time but, well, the casinos should be aware of the cards, dice or any other thing used in their casinos to avoid these problems since it was not cheating they observed a flaw and took advantage
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13310
Posted by misteriopj: This story continues for a long time but, well, the casinos should be aware of the cards, dice or any other thing used in their casinos to avoid these problems since it was not cheating they observed a flaw and took advantage
When you notice a defect in playing cards, you can not ask for a player's money, who won in several months. This casino could not know if Phil Ivey knows someone from the cards firm. They saw this defect and thought to ask for the player's money. This is not normal and if i was the judge of this case i declaring Phil Ivey winner of this process.
Posted by misteriopj: This story continues for a long time but, well, the casinos should be aware of the cards, dice or any other thing used in their casinos to avoid these problems since it was not cheating they observed a flaw and took advantage
When you notice a defect in playing cards, you can not ask for a player's money, who won in several months. This casino could not know if Phil Ivey knows someone from the cards firm. They saw this defect and thought to ask for the player's money. This is not normal and if i was the judge of this case i declaring Phil Ivey winner of this process.
They proved it during the trial that he had unfair advantage compared to the house/other players by using this technique so this case was not just about asking their money back and so on...
Joined: Jan '17
Location: Lithuania
Age: 66 (M)
Posts: 1756
Yes it is interesting situation and i personally think that phil ivey is make good move and hide his money from casino and ni chance to get 10 millions back. But now look like some money casino found but not know how much
------------ Yes it is interesting situation and i personally think that phil ivey is make good move and hide his money from casino and ni chance to get 10 millions back. But now look like some money casino found but not know how much
------------ Yes it is interesting situation and i personally think that phil ivey is make good move and hide his money from casino and ni chance to get 10 millions back. But now look like some money casino found but not know how much
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20480
Posted by bowie1984: They never going to be able to get this. All of his moveable assets are either offshore or out of their jurisdiction right now. Ivey is not gonna be able to make business moves in the US ever again without the IRS breathing down his neck if he won't pay and declares bankruptcy.
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!
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...
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13310
Posted by bowie1984:
They proved it during the trial that he had unfair advantage compared to the house/other players by using this technique so this case was not just about asking their money back and so on...
You realize with as much ambition these players are tracked by casinos when they win I think the casino manager jumps up with joy when he catches a cheater and he know that the player will have to return that money for the casino owner. Probably has a reward when he catches a cheater.
Joined: Jan '17
Location: Lithuania
Age: 66 (M)
Posts: 1756
Yes very good point that phil ivey career in usa in poker is over because if not find money here in his companies any moneys he win be confiscated so not good business to play in usa. Maybe it is not important to ivey.
