Phil Ivey in Danger of Losing More to Borgata
The news continues to roll in regarding Phil Ivey's long-running court battle with Borgata, and if you're Ivey or a fan of Ivey, that news continues to be negative.
While Ivey appeared to be cooked after his ongoing appeals in 2017 came up dry against both Crockfords Casino and Borgata — he and gambling partner Cheung Yin "Kelly" Sun took both for a combined nearly $20 million using "edge sorting" in baccarat and punto banco — the fight has now spilled over well into 2018.
First, Gemaco Inc., which manufactured the cards on which Ivey observed small defects in order to ascertain their values to gain an edge, wriggled free of any wrongdoing in a March decision.
Then Ivey and his legal team pushed for a stay of execution on the payment of $10.1 million to Borgata, arguing the payment of such a massive sum would do irreparable harm to Ivey's bankroll and block him from being able to continue earning a living through his gambling skill.
In that vein, he's been firing away on a heavy tournament schedule that included the $1 Million Big One for One Drop. Overall, Ivey has $2.4 million in cashes since his return to the live tournament scene in 2018.
The Latest Developments
Last week, CardPlayer reported that Borgata hit Ivey with a cross-appeal in the U.S. Court of Appeals for the Third Circuit. Borgata requested all parts of the original decision, in which the casino alleged fraud and sought huge reparations, that didn't favor it be re-examined.
As for what exactly that means for Ivey, a pair of outlets have reported that Ivey's risk may be significantly upped due to the development.
According to USPoker, Ivey could be on the hook for about $30 million, as the casino originally requested treble damages, a tripling of the at-issue amount.
Meanwhile, VegasSlotsOnline has reported that Borgata wishes to reconstruct Ivey's sessions and essentially rake in their expected value from his baccarat hands. The casino claimed its mathematical edge over the roughly 1,800 hands Ivey played amounted to about $5.4 million.
It appears Borgata has not taken kindly to Ivey's attempts at stalling and clinging to the money he won from it. The casino has loaded up its legal war machine and put Ivey squarely in the crosshairs. Whether Ivey will escape further damage and finally claim a legal victory or finally take a knockout blow remains to be seen, and PokerNews will continue to keep an eye out for further developments in this marathon story.
In this Series
- 1 Ivey Claims He Used "Edge Sorting" in £7.8 Million Lawsuit With Crockfords
- 2 Top 10 Stories of 2013: #10, Ivey, Kagawa, Smith, and Others Face Legal Trouble
- 3 Borgata Files $9.6 Million Lawsuit Against Phil Ivey for Alleged Baccarat Cheating
- 4 Details Emerge in Borgata's Lawsuit Against Phil Ivey
- 5 Sorting Out the Law Behind Phil Ivey's Edge Sorting Debacle at Borgata
- 6 Phil Ivey Files Motion to Dismiss Borgata Lawsuit, Claims Win Was "All Skill"
- 7 Ivey's Edge-Sorting Accomplice, Cheng Yin Sun, Files Lawsuit Against Foxwoods
- 8 Breaking Down the Legality of Cheung Yin Sun's Edge-Sorting Lawsuit Against Foxwoods
- 9 Phil Ivey to Discuss "Edge Sorting" Lawsuits on 60 Minutes
- 10 Phil Ivey Loses £7.7 Million "Edge Sorting" Court Battle Against Crockfords Casino
- 11 Phil Ivey Appeals Against Crockford’s Ruling
- 12 Top 10 Stories of 2014: #2, Phil Ivey Endures More Legal Drama
- 13 Judge Rules Borgata Lawsuit Against Phil Ivey Can Proceed
- 14 Phil Ivey Appears in Car Commercial for 2015 Chrysler 300
- 15 Foxwoods Survives Edge Sorting Lawsuit from Phil Ivey's "Queen of Sorts" Accomplice
- 16 Phil Ivey Files Countersuit Against Borgata Regarding $9.6M in Baccarat Winnings
- 17 Highlights from Ivey/Borgata Deposition: Booze, Pretty Cocktail Waitresses and More
- 18 Borgata Contests Phil Ivey Counter-Claims
- 19 Ivey Granted Permission to Appeal £7.8 Million Edge-Sorting Case Against Crockfords
- 20 Phil Ivey's £7.8 Million Appeal in Crockfords Case Began Yesterday
- 21 Court Opinion Split on Phil Ivey's $9.6M Baccarat Win
- 22 Phil Ivey Contests Borgata Request for His Baccarat Winnings
- 23 Court Orders Phil Ivey to Return $10.1M to Borgata
- 24 The Mysterious Year for Phil Ivey
- 25 Poker Pro Phil Ivey Will Try to Appeal Borgata $10M Ruling
- 26 UK Supreme Court Grants Phil Ivey Permission to Appeal Crockfords Case
- 27 Phil Ivey Loses £7.7M Supreme Court Appeal in London Edge Sorting Case
- 28 Top 10 Stories of 2017, #7: Phil Ivey Loses $19 Million in Court Battles
- 29 Gemaco Playing Cards Off the Hook in Borgata Ivey Edge-Sorting Debacle
- 30 Phil Ivey Looks to Delay Payment of $10.1M to Borgata
- 31 Phil Ivey in Danger of Losing More to Borgata
- 32 Borgata Given Clearance to Seize Phil Ivey's Nevada Assets
- 33 Film Based on Phil Ivey's Baccarat Partner Cheung Yin “Kelly” Sun in the Works
- 34 Report: Borgata Seeking Phil Ivey's WSOP Winnings Plus $214K Interest
- 35 Report: Borgata Secured Phil Ivey's $50K PPC Winnings
- 36 Ivey Borgata Case Takes Another Turn as Cates and Trincher File Objection
- 37 Ivey Versus Borgata Continues With Legal Proceedings