It was a little after a month has passed since we last heard about the latest skit on the longest-running "poker-drama series" that is, Borgata and their quest to retrieve what they lost from Phil Ivey's edge sorting case, and now two poker players have voiced their complaints as they want their share of Ivey's 2019 WSOP win that Borgata took away unscrupulously.
The 10-time WSOP bracelet winne[...] Read more » Backers Cates and Trincher file Objections to Borgata's Seizure of Phil Ivey's WSOP Winnings
Joined: May '09
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wow,every month some new news about ivey and this money that he need to back to borgata!now some other people want money form his winning at WSOP!this is nor like some mexican series and who know where is end of it!it would be just easier for everybody that he back money and that continue play as it was before this problem!
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Who knows the results of Phil Ivey at the tables in recent years can say if he is bankrupt or not. I don't think he went bankrupt because he did not say this in court. If he has money but declares bankruptcy then he will have very big problems. He didn't say that and that means he has money. He transferred it outside the country...
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come on.... Ivey broke... that is just a joke to fool borgota...he still have tens of millions $$$...doubt if cates and this other dude realy backed him, or is it just Ivey way to get his money back from borgota...
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Posted by StheP: come on.... Ivey broke... that is just a joke to fool borgota...he still have tens of millions $$$...doubt if cates and this other dude realy backed him, or is it just Ivey way to get his money back from borgota...
None of these guys are level 1 thinkers - you don't give them enough credit.
The backers aren't filing a court claim without irrefutable proof that the backing deal existed.
It's not that Ivey doesn't have the money, he likely predicted that Borgata would go after his winnings and knew he could get full backing.
Now Borgata will have to spend probably 100's of thousands of dollars to defend against the backer's countersuit where they might get 40 grand back.
Ivey is genius and this is a middle finger salute to Borgata in a very long chess game.
as far as I see in the news, information about Fila Ivy and his problems with various casinos very often appears ... Of course, such a wonderful poker player can beat people and casinos ... but the casino certainly does not agree with this and wants to return the money ... this of course it seems to me Unfair .... but a competent lawyer can convince a judge of any absurd decision
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Even if that is the case that ivey doesnt have the money, to pay for himself, for the tournament entrance, something that i doubt, didnt the other two "backers" know his situation with borgata? Where did they land from? Even if the story is 100% true it is their bad... They should know better...
Posted by StheP: come on.... Ivey broke... that is just a joke to fool borgota...he still have tens of millions $$$...doubt if cates and this other dude realy backed him, or is it just Ivey way to get his money back from borgota...
Ivey is genius and this is a middle finger salute to Borgata in a very long chess game.
If Borgata cannot get his money back in any legal way they will just put Ivey on a blacklist and ban him from all Vegas casinos (and other places they've been affiliated with). It's not that they could do that, rather it would be easier doing it that get their money back.
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Borgata casino it must have a great influence so he can ban Phil Ivey in all casinos. A judge can do that, but if Borgata tries this illegally thing, will have problems from my point of view. A man must live from something and i don't think Phil will be banned in all casinos.
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Posted by bowie1984: If Borgata cannot get his money back in any legal way they will just put Ivey on a blacklist and ban him from all Vegas casinos (and other places they've been affiliated with). It's not that they could do that, rather it would be easier doing it that get their money back.
Posted by CALICUL: Borgata casino it must have a great influence so he can ban Phil Ivey in all casinos. A judge can do that, but if Borgata tries this illegally thing, will have problems from my point of view. A man must live from something and i don't think Phil will be banned in all casinos.
MGM does own a lot of casinos worldwide, but they don't have a complete monopoly.
Other casinos will still be very happy to have him as a patron. He will still be very welcome in "private" games.
In this particular instance I'd say he comes out better than MGM; he invested no money, he won his backers some money, MGM will likely have to pay more in legal fees than what they will recoup.
In any case, Phil Ivey will be always welcomed by visitors in almost all casinos of the world ... this is a wonderful way to attract a large number of customers who will come there to play when he sees that such a great poker player chose this casino for the game .... so what now this is a special case ... which I hope will not be repeated ... it is always nice when people win corporations
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In this case with MGM the winner will be Phil Ivey if he is allowed to continue playing by the law. A serious problem will be if he wins and the money will be confiscated or f he gets a total ban in all casinos. The story is an interesting one and can become a play of mice and cats.
Posted by crankmuppet: MGM does own a lot of casinos worldwide, but they don't have a complete monopoly. Other casinos will still be very happy to have him as a patron. He will still be very welcome in "private" games.
It's not about how many casinos they own, rather how far they could reach out to call in some 'favors' regarding Ivey. If they could not get their money back from him they still could make his life harder than it should be.
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It is obvious that Borgat Casino will not give up until he gets that money. They have been very understanding so far. They will start using worse tactics for Phil Ivey. An understanding between them it's the best thing. Phil to make advertising videos 2-3 years for Borgata is a good solution.
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Posted by bowie1984:
Posted by crankmuppet: MGM does own a lot of casinos worldwide, but they don't have a complete monopoly. Other casinos will still be very happy to have him as a patron. He will still be very welcome in "private" games.
It's not about how many casinos they own, rather how far they could reach out to call in some 'favors' regarding Ivey. If they could not get their money back from him they still could make his life harder than it should be.
they will do that for sure,if they dont get money from him!they will do everything to come to this money,no matter how long it will take!but you can imagine that life when you cant do almost anything in your country,where you cant buy anything on regular terms,where you can buy some house,car,gamble in casino or something like that! if you have enough money in "bedroom" to live till end of life,that ok,but you dont know much you will have,that its big problem!
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Posted by dule-vu:
Posted by bowie1984:
Posted by crankmuppet: MGM does own a lot of casinos worldwide, but they don't have a complete monopoly. Other casinos will still be very happy to have him as a patron. He will still be very welcome in "private" games.
It's not about how many casinos they own, rather how far they could reach out to call in some 'favors' regarding Ivey. If they could not get their money back from him they still could make his life harder than it should be.
they will do that for sure,if they dont get money from him!they will do everything to come to this money,no matter how long it will take!but you can imagine that life when you cant do almost anything in your country,where you cant buy anything on regular terms,where you can buy some house,car,gamble in casino or something like that! if you have enough money in "bedroom" to live till end of life,that ok,but you dont know much you will have,that its big problem!
You both seem to think most everyone is in MGM's corner and that most everyone agrees with the court's ruling on this.
These casinos are in competition so it's not guaranteed they will ban Ivey because MGM wants them to. He is a prime attraction and a lot rich patrons would love to test themselves against this legend of poker.
It would also be interesting to have a poll of say for instance, players in the Hendon Mob's database, as to whether they agree with the court's ruling or side with Ivey.
I agree that MGM won't stop until the ruling is enforced and will use any tactic available to them to get it, but I'm not sure that they have the power to completely disrupt his life.
I also believe that Mr. Ivey can easily pay off this ruling and that he will still be a millionaire many times over.
Edited by crankmuppet (15 September 2019 @ 16:01 GMT)
Joined: Mar '09
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He probably has the money to pay out what he owes, but he doesnt want so. He is doing everything in his power not to return the money. It might turn out bad for him at the end this practice, but who cares anyway. He had it coming with his actions.
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crankmuppet its not important what we think or what we wish,we just talking that this decision is final and no matter who is right,he need to back them this amount,as court say!when they make this kind of decision,you cant do anything,you must do what they want or he can stop playing live poker tournaments in america and he will not give anything!
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One thing is certain here. Phil Ivey doesn't want to pay and he does everything in order to escape by this disadvantage. In his future games he will give it up to play in those casinos. He knows that any money will be confiscated at the request of Borgata lawyers.
Posted by crankmuppet: These casinos are in competition so it's not guaranteed they will ban Ivey because MGM wants them to. He is a prime attraction and a lot rich patrons would love to test themselves against this legend of poker.
They aren't in competition over Ivey. And Ivey could easily mess with them just like he did with Borgata. That's a risk these places probably would not want no matter how famous the poker pro in question.
