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jul
14

Phil Ivey Settles $10.1M Lawsuit with Borgata

Tags: Atlantic City, Borgata, edge sorting, Phil Ivey
Posted on 14 July 2020 by "T".
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[...]   Read more » Phil Ivey Settles $10.1M Lawsuit with Borgata

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  21-Jul-20, 08:22   #21
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CALICUL 
Joined: Jan '14
Location: Romania
Age: 41 (M)
Posts: 6182
I talked about a Borgata casino proposal to Phil Ivey to advertise for that money. In this way both sides were very satisfied after they signing a reasonable contract. Communication is extremely important in these situations and most of time the champagne opens...

     
  21-Jul-20, 11:37   #22
  0   
dule-vu 

Joined: May '09
Location: Croatia
Age: 35 (M)
Posts: 9336
at least we had news where court say that he need to back money and we all know that this was decison,thats why they took from him money that he got on WSOP,but they couldnt take more when he dont have anything on bank accounts!so this is only deal between borgata and ivey and probably we will never find out what happend and how is this problem solved!

     
  22-Jul-20, 02:41   #23
  0   
maragatero 
Joined: Oct '16
Location: Argentina
Age: 66 (M)
Posts: 2579
But there was also the news that Phil Ivey was selling his house, and I thought it was related to this topic. You say they couldn't charge him anything else? If he had sold his house (publicly) to decapitalize himself and not pay his debts, he would have committed a crime. I don't think he did it that way

     
  22-Jul-20, 08:39   #24
  0   
CALICUL 
Joined: Jan '14
Location: Romania
Age: 41 (M)
Posts: 6182
Phil Ivey moved his assets to another country (smart move) for fear of having his property confiscated and i don't know what happened to his house. He read the laws and knows what needs to be done but what is more important here we did not find out because of the secret ...

     
  22-Jul-20, 13:30   #25
  0   
dule-vu 

Joined: May '09
Location: Croatia
Age: 35 (M)
Posts: 9336
Posted by maragatero:
But there was also the news that Phil Ivey was selling his house, and I thought it was related to this topic. You say they couldn't charge him anything else? If he had sold his house (publicly) to decapitalize himself and not pay his debts, he would have committed a crime. I don't think he did it that way


whatever money that he have on his bank account or that he earn in his life,they can take from him and ofcourse they would take it!in america they have special way of taking money,when you dont pay tax or when you scam somebody for money!dont know this siutation about house,but maybe he just wanted to move from their and not to have anything on his name!but they would wait him till end of life,if this deal wasnt made it!

     
  22-Jul-20, 21:28   #26
  0   
antonis321 

Joined: Dec '14
Location: Greece
Age: 37 (M)
Posts: 731

He has made this deal with Borgata , unfortunatelly the details of it are no known to the public , maybe at least not untli now Smile I guess they will have both compomised , with some money to be paid by Ivey so as the casino to get them finally , and Ivey not to pay all , as this would find him uninterested to do so . This is the only possible logical final agreement they might have decided to do , I guess most money to be returned , but not all Blink

     
  23-Jul-20, 23:34   #27
  0   
antonis321 

Joined: Dec '14
Location: Greece
Age: 37 (M)
Posts: 731

Ivey played very right , on the phychological aspect , this court duel with Borgata , making clear to them that they will not get their money back easily , maybe not at all all of them , despite courts' decisions against him , or some seizures of very little money from him from WSOP earnings . This determination showed Borgata he's a tough cookie to seal with , they had to make a deal , a settlement Smile

     
  24-Jul-20, 10:52   #28
  0   
CALICUL 
Joined: Jan '14
Location: Romania
Age: 41 (M)
Posts: 6182
I've said in the past that Phil Ivey needs to come to an agreement with Borgata and if they did, then it's good for both of us. I guess there's nothing to reveal, if they agreed with this thing. Borgata Casino he is docile and everyone has something to gain.

     
  24-Jul-20, 18:33   #29
  0   
antonis321 

Joined: Dec '14
Location: Greece
Age: 37 (M)
Posts: 731
Ivey showed he's a very good player generally in life , not only in poker . He played them like a game of high stakes poker , with all the intense aggressiveness and phychological tricks and sneacky/tricky moves . He bluffed them ,he folded their demands to pay him , and raised all in demanding not to pay anything at all . Great player lol SmileJungleman tried to help him during this conflict to get his WSOP earnings back , good friends show thmeselves in times of crisis and greagt need Smile

     
  26-Jul-20, 00:01   #30
  0   
maragatero 
Joined: Oct '16
Location: Argentina
Age: 66 (M)
Posts: 2579
Nothing to reveal CALICUL? Don´t you ask what was the arrangement? Do you think that Phil Ivey finally goes to his bank and brings with a bug with $ 10 million to the table? All of us are saying that this is not possible, and are speculating how could be it. If you have some information, please, give us so we could understand without any doubts

     
  26-Jul-20, 05:54   #31
  0   
DaCapo71 
Joined: Aug '10
Location: Germany
Age: 48 (M)
Posts: 2216
I heard news about Ivey after a long time. In the past he was a really big Player at FullTilt and the other people gaves him a lot of respect. After FullTilt going down, some of the most popular poker Player had offering the dark side of the business...

     
  26-Jul-20, 08:55   #32
  0   
antonis321 

Joined: Dec '14
Location: Greece
Age: 37 (M)
Posts: 731
Ivey for sure was the best poker celebrity in the Full Tilt glorious days . the best
best-poker-face without any doubt , with great bluffs and awesome hands played by him . He was the No1 asset for Full Tilt . Although these great days have passed , he is still a very great player , with awesome skills , milking the rich whales on Macau and everywhere lol , doing the right thing . Now if he finds one more way to win money , why not ??? He didn't robbed the money from the casino , he played with the rules , with the system Blink

     
  26-Jul-20, 10:11   #33
  0   
dule-vu 

Joined: May '09
Location: Croatia
Age: 35 (M)
Posts: 9336
antonis you are not right,he didnt played by the rules!why I say that?because court made decision that he need to back money to borgata and that was final decision!thats why they took from him this 124 K dollars!so you cant say that he was right!in america when court say something,that end of story!
this agreement is something else and probably its on his side,but we probably would never know what really happend!

     
  26-Jul-20, 14:42   #34
  0   
CALICUL 
Joined: Jan '14
Location: Romania
Age: 41 (M)
Posts: 6182
Honestly, don't know if Phil Ivey did the right thing or not, but if i read in my own language, maybe it was possible to be much better documented and could say a lot about this situation... in which this professional player and Borgata Casino were in a process.

     
  2-Aug-20, 22:51   #35
  0   
antonis321 

Joined: Dec '14
Location: Greece
Age: 37 (M)
Posts: 731
You are right Dule vu , Phil Ivey didn't play BY the rules , butn he played instead WITh the rules Smile He tried , at least , to take advantage of some weaknesses that he and his friend found on this game at these casinos . Some say ti was cheating attitude , some said it was not a cheating but it 's not right or allowed , cause he doesn't play the game , but a sneaky way to fool the casino's edge , taking advantage of this cards' weak spot , I agree witht he second opinion . Anyway , I think at least one court decided like this , didn't face Ivey like a thief or a cheater , or else he would have been punished severely , he just disapprove of his method , found this method not right by the casionos' rules ,so he had to return the money , but not go to prison !!!! Smile

     
  3-Aug-20, 06:54   #36
  0   
CALICUL 
Joined: Jan '14
Location: Romania
Age: 41 (M)
Posts: 6182
Curiously, the final decision was made anonymously and that means Phil Ivey doesn't have to pay all that money. Borgata wanted this not to be known to the public so that other players could copy method of this professional player's. Is only my opinion.

     
  3-Aug-20, 10:54   #37
  0   
dule-vu 

Joined: May '09
Location: Croatia
Age: 35 (M)
Posts: 9336
for me this rule about counting cards is very stupid,because this is card game and why you shouldnt count card and to see what cards are out and what are not!so they dont allow that,but want money from people!in this case probably he got his money,because they stopped to follow him and they dont want to wait for many years more to get money from him!

     
  4-Aug-20, 07:39   #38
  0   
CALICUL 
Joined: Jan '14
Location: Romania
Age: 41 (M)
Posts: 6182
At this point Phil Ivey is released from the emotion that his millions of dollars, all assets and property can be confiscated by US state. For years he lived with this tension, but now everything is over and no one bothers him, if he got along perfectly with Borgata...

     
  5-Aug-20, 20:07   #39
  0   
antonis321 

Joined: Dec '14
Location: Greece
Age: 37 (M)
Posts: 731
The casino should have been way far more carefull with the cards they were using , They should have noticed this manufacture bad detail and imperfection , they have the best secure teams in the world , they take anti-cheating procedures very seriously , cannot understand how they didn't see that coming . I remember reading the story of how Ivey and his friend played , their demands during the games , due to superstition or whatever . This behavior by Ivey should have alarmed them from thre very first second , lol

Anyway , guess now they found a middle ground , i am sure both satisfactory , mutially beneficial , and without making publically known the details , soto avoid some problems . Maybe in the future we learn more about this agreement , it will be very interesting to read the settlement agreement Smile

     
  6-Aug-20, 08:40   #40
  0   
CALICUL 
Joined: Jan '14
Location: Romania
Age: 41 (M)
Posts: 6182
Any casino need to have a list where all known cheats should be written and players to know that. If someone tries this thing will lose all money. In this case, Phil Ivey is suspected of using a method that was not banned in Borgata. It's complicated...

     
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BankrollMob Forum » News » Phil Ivey Settles $10.1M Lawsuit with Borgata

 
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