Borgata Seeks $15,5 Million in Damages from Phil Ivey
Written by
Teemu - Friday, November 11, 2016,
Live poker
The Borgata casino in Atlantic City is seeking $15,5 million in damages from Phil Ivey after a federal judge ruled last month, that Ivey and his companion violated state gambling regulations in the way they won nearly $10 million playing Baccarat.
The Borgata had 20 days to outline the damages and by the looks of it the casino is seeking to get all of the winnings back including some interest.
According to nj.com, the Borgata is seeking a whopping $15,5 million from Ivey. In addition to the $10 million won, Borgata wants another $249,000 in comps (Ivey used private jets etc.) from the four trips AND $5,4 million in lost house "edge":
In April 2012, Ivey played 1,180 hands with an average bet of $25,000.
In May 2012, it's 4,215 hands with an average bet of $36,000.
In July 2012, it's 1,373 hands with an average bet of $93,000.
In Oct. 2012, it's 1,850 hands with an average bet of $96,000.
Borgata is claiming that if Ivey played the 8,618 hands at an average bet of $56,000 without the edge, Ivey and his companion would have lost $5,4 million. Ivey and Sun’s legal team have now 20 days to respond to the Borgata brief.
Sulimaniack says:
Scammer? You talking about the man who is consider the world best player in the whole world in any card game. He is the most feared player. He is known to stare his opponents down until they tell him the truth. He reads the soul out of them. He have won 250,000 dollars in Aussie turnement 3 years in row and he has 10 WSOP gold bracelets to his name spread across the PLO, PLO8, Stud, 2-7 Triple Draw, H.O.R.S.E, and 8-Game disciplines. This is all live. He made a prop bet against Tom (durrrr) Dwan to play heads up $50,000/$100,000 Horse over the course of 100,000 hands..And if Ivey wins he would give back 96 % of his winnings back to durrrr. And durrrr is even consider one of the 3 best in the world. Just let that sink in for a moment
Thursday, November 17, 2016
jdp says:
The source of the edge was Borgatas responsibility. They should pay up.
Friday, November 11, 2016
Zohan says:
Would not shock me if wsop finds out that cards when ivey played back in the days were marked or maybe they worked together.
Friday, November 11, 2016
Zohan says:
HAHAHAHHAHA. Once a scammer always a scammer.
Friday, November 11, 2016