Borgata Goes After Phil Ivey's 2019 WSOP Earnings
baccarat, Borgata, Cheng Yin Sun, edge sorting, Phil Ivey.
Posted on 29 July 2019 by "T".
American poker legend Phil Ivey has been under the gun in the recent years due to legal battles he's gotten himself into for using a controversial method called ‘edge sorting' to win massive amounts at the casino game Baccarat.
In February, a New Jersey federal judge gave Borgata Hotel and Casino the green light to go after Ivey's assets in Nevada in an attempt to collect the approx. $10 million they claim Ivey and his accomplice Cheng Yin "Kelly" Sun associate owe them.
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 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.
| dule-vu||29/07/2019 11:49:51 GMT|
| as we told before,that they will take any winning from him,especially if he get something at WSOP!so we can see how things work in america and that every win will take borgata till they come to 10 million!so probably this will be some of last play fro ivey in america!|
| StheP||29/07/2019 13:21:14 GMT|
| I dont know why he just dont pay them off? and why borgota is chasing his money? Should court order someone specific for collecting money? if there is only borgota chasing their money, I wouldnt pay also... There should be rule if he doesnt pay in x amount of time he should go to jail...simple as that...|
| Serpang||29/07/2019 15:04:15 GMT|
| Just pay in installments as small as possible according the law to avoid jail. Don't know US law, is WSOP have right to reject Borgata's order/request or not. Just hate unfair casino and judge so why pay it with fair ?|
| CALICUL||29/07/2019 16:22:56 GMT|
| Borgata, even if is a rich casino they are very scared of Phil Ivey, because 10 million of dollars there is a lot of money. This professional player should make a deal with this casino. Ivey could do it advertising for Borgata and after that to be peace between them. An agreement is better than a war. |
| pajalnick||29/07/2019 18:47:29 GMT|
| I have always argued and continue to assert that Phil Ivory was absolutely honest with his game .... And if the casino made some mistakes, then it is only their mistakes and there is no need to look for the guilty but simply accept this result .... in connection with this situation I think this casino received very bad recommendations from all the people who play various games in the casino .... it turns out that winning the casino is almost impossible .... And this is sad|
| dule-vu||30/07/2019 11:52:04 GMT|
| why the hell would borgata make a deal with ivey,when they have judgment where it is clear that ivey need to back whole amount to them,so everything is on their side!if ivey continue to play in usa,they will take every amount till they collect 10 millions!|
| CALICUL||30/07/2019 16:49:25 GMT|
| My opinion is correct. You don't have to cheat to make money. Phil Ivey did it in a certain way when he moved his funds outside the US. If there is a law that cannot confiscate his money then he will win because he will not pay the 10 million of dollars. It's very hard to do that...|
| pajalnick||30/07/2019 19:14:52 GMT|
Posted by dule-vu:
why the hell would borgata make a deal with ivey,when they have judgment where it is clear that ivey need to back whole amount to them,so everything is on their side!if ivey continue to play in usa,they will take every amount till they collect 10 millions!
Well, this is probably the only way to get money from Phil Ivey .... of course it is wrong, but if the court made such a decision, then the casino will of course receive this money in any way possible ..... and of course it seems to me they are will get all the money from him .... only it will take a long, long time ..... but still I think that this is wrong
| pokkerimees||31/07/2019 06:29:44 GMT|
| In my opinion, what Ivey did, was wrong. I know lots of people are minded agains casinos, but that does not right to take 10 million form it by shady move.|
And without casinos there would not be live cashgames or tournaments.
And now , when court has made desicion - there is no justification to keep that money.
Court is ultimate institution, so doesnt matter, how we feel - money should be returned, because of wrong doing. Period.
| niallketch||31/07/2019 08:38:01 GMT|
| The resolution is easy. Phil Ivey needs to win 10mil at his earliest convenience and settle the score. |
| dule-vu||31/07/2019 12:31:40 GMT|
| its hard for me to imagine that he will not earn anything in USA till end of his life and that everything will spend in some other country!this mean that he can only gamble outside usa and that he cant play anymore on WSOP or some other big event,which is very strange for such a big player!|
| bowie1984||31/07/2019 16:22:19 GMT|
Posted by StheP:
There should be rule if he doesnt pay in x amount of time he should go to jail...simple as that...
Wait until the IRS goes after him (if Borgata this petty I can totally see them lobbying for something like this), because I am fairly sure he did not pay income tax on some of those assets before moving them offshore.
He will have legal trouble everywhere else not just in Nevada.
| gufra20||02/08/2019 15:14:43 GMT|
| Pay or not the money you owe the casino. I think Phil Ivey earned that money using his method and the casino also used his method to distract him and thus make him lose his money. There should be a limit for them to play using their strategy. But of course the casinos do not suit them but when they take away our money that does suit them and nobody does anything to help us.|
| shokaku||02/08/2019 16:39:09 GMT|
| Macao here we come. If it is no longer save for him to play poker in the US, he can always do a durrrrr and move to Macao, to play in the games held there. Good luck for the Borgata to try and get its hands on to winnings he makes there.|
| bowie1984||02/08/2019 17:49:01 GMT|
Posted by shokaku:
Macao here we come. If it is no longer save for him to play poker in the US, he can always do a durrrrr and move to Macao, to play in the games held there.
Yeah until the chinese government comes for his winnings there. I really think he should just retire in Monaco.
| dule-vu||03/08/2019 11:54:41 GMT|
| ofcourse everything was good till he start to take big amounts from casino!when you lose,they wouldnt stop you from playing!but when you take money from them on such way,they lobbying in goverment and ofcourse every judgment will be in their favor!|
| CALICUL||07/08/2019 13:04:40 GMT|
| There is the situation in which Borgata he will never get that money back from Phil Ivey, if he does not want to pay. This fight between the two parties is very difficult, because a part has legally won in court and the other part he does not want to pay the debts. A beautiful battle and its end we don't know when it will be.|