Posts Tagged ‘Phil Ivey baccarat’

Judge Orders Phil Ivey to Pay Borgata $10.1m Now

Friday, August 31st, 2018

phil-ivey-bellagio-2017-wsopEarlier this month, we discussed how Phil Ivey was fighting to avoid paying the Borgata $10.1 million in the near future.

Ivey argued that he shouldn’t have to pay right now, because doing so would have a “devastating impact” on his poker bankroll. He also used the excuse that Atlantic City’s Borgata makes so much money that they don’t need the $10.1 million any time soon.

These arguments have fallen on deaf ears, though, with U.S. District Judge Noel L. Hillman ordering Ivey to pay the full amount.

Why did Ivey Lose the Stay of Judgment Motion?

Ivey was seeking what’s called a stay of judgment, which would’ve allowed him to pay back the money slowly. However, he wasn’t able to sufficiently prove that he was in desperate need of the funds.

It also doesn’t help matters that the 41-year-old has resisted paying the Borgata back for over two years. He’s held the $10.1 million in Borgata casino winnings for a combined six years.

Ivey originally beat their punto banco games with a technique called edge sorting in 2012. The Borgata then sued for the $10.1m under the notion that Ivey “cheated” with edge sorting. They won in 2016 and have been entitled to the money ever since.

Ivey Suffers Yet Another Loss in Court

phil-ivey-baccarat-edge-sortingOnce considered the world’s top poker pro, Phil Ivey can’t seem to buy a win in the courtroom.

He originally lost two court cases involving edge sorting in 2014. The other one was a battle for $11 million against London’s Crockfords casino. He also lost an appeal against the Borgata in 2016.

Now, Ivey is on the hook for a $10.1 million payment. He seems to be out of chances in court and will be forced to finally repay the Borgata’s money.

Of course, Ivey is still an elite poker pro and should be able to continue winning enough to pay down the debt.

Judge Rules that Phil Ivey Violated Gambling Regulations

Saturday, October 22nd, 2016

ivey-borgata-lawsuitThere’s good news and bad news for Phil Ivey regarding his $9.6 million baccarat case with the Borgata casino.

The good news is that U.S. District Court Judge Noel Hillman ruled Ivey didn’t commit fraud to win in baccarat. The bad news is that the judge believes Ivey violated gambling regulations in New Jersey.

The latter won’t carry any criminal charges in the poker pro’s case. However, it will definitely have an effect on whether he gets to keep the $9.6 million he won.

Judge Hillman wrote that he believes Ivey and his companion, Cheng Yin Sun, overstepped normal advantage play by asking the dealer to arrange baccarat cards in a special way. This allowed them to better see the card backs and tell what the values were before they were dealt (a.k.a. edge sorting).

This falls in line with what the Borgata claimed in their lawsuit, writing that edge sorting violates state gambling regulations. The casino points out that Ivey knew the requested Gemaco deck was defective and that he’d gain an advantage by spotting the flawed card backs.

Ivey has argued all along that he merely beat the casino at their own game, and the Borgata complied with every request that he made.

Judge Hillman alluded to this by writing, “[Ivey and Sun] view their actions to be akin to cunning, but not rule-breaking, maneuvers performed in many games, such as a play-action pass in American football, or the ‘Marshall swindle’ in chess.”

Hillman thinks that “Sun’s mental acumen” in spotting the card pattern flaws was “remarkable.”

But according to ABC News, the judge still doesn’t side with them in this case.

“But even though Ivey and Sun’s cunning and skill did not break the rules of Baccarat,” wrote Hillman, “what sets Ivey and Sun’s actions apart from deceitful maneuvers in other games is that those maneuvers broke the rules of gambling as defined in this state.”

The Borgata has less than three weeks to list all the damages that have been done to them as a result of this case.

As for Ivey, this legal matter isn’t over yet. But it still feels like he might be headed for another loss, just like his Crockfords case.