Report: Borgata Secured Phil Ivey's $50K PPC Winnings
Borgata successfully blocked Phil Ivey from collecting a six-figure chunk of 2019 World Series of Poker winnings, instead pocketing the dough themselves as part of an ongoing court saga, according to reporting by Flushdraw.
The East Coast casino has sought to collect money and assets to square up what it's owed as part of a court judgment that seemingly ended a long-running legal battle pitting Borgata against Ivey and a gambling partner, who won a reported $10 million-plus.
Eyeing Ivey's PPC Run
While $124,410 would only be a small dent in that mountain of debt, it's the biggest chunk that was easily available to Borgata after Ivey made a deep run in the $50,000 Poker Players Championship. There, Ivey held the chip lead for a long stretch before fading into an eighth-place finish.
That earned him the aforementioned $124,410, but apparently, Borgata was ready.
Borgata lawyers served notice to the WSOP that they'd been cleared to seize Ivey's Nevada-based assets, and the WSOP was not to pay out the money. The notice was given just in the nick of time, as Ivey busted out that same day on June 27.
U.S. Marshals Snatch Payment
At the time, it wasn't clear whether Ivey managed to get any of his money, but further reporting by Flushdraw has revealed he did not.
According to the outlet, court records confirm that Borgata managed to successfully garnish the money. The writ of execution delivered to the WSOP entitled Borgata to "[Ivey's] payout for Event #58 (and WSOP bracelet if he is the winner)." The letter from Borgata's lawyer instructs the WSOP to comply with instructions for payment forthcoming from a U.S. marshal.
More court records confirmed the WSOP withheld the money and sent it to U.S. marshals via a check dated July 16. The records also showed WSOP owed Ivey no more money, implying he'd collected his smaller earlier winnings, which amounted to around $9,000.
What of Ivey Going Forward?
Notably, Ivey continued to play WSOP events even after having his money garnished by Borgata. However, a cloud did seem to be hanging over him, as he busted the Main Event in ignominious fashion, perhaps already aware what awaited him if he made any kind of deep run.
Ivey has continued to be relatively active on the tournament scene, traveling to Europe to take part in the Triton series in London. There, he was photographed by PokerNews participating in several high roller events, though he failed to register any cashes.
It seems Ivey is comfortable continuing to grind abroad, but what's less clear is what this means for the future of his U.S.-based play. Though Borgata's legal team has been hard at work chasing Ivey's assets, the actual collection of a tournament payout in Nevada shows the company has the teeth to enact everything it's been attempting to do. This may signal the end of his poker participation there, much to dismay of poker fans everywhere who will be eager to follow Ivey's exploits next summer.
Alternatively, nobody would be surprised if another legal twist or turn changed things before then. That would be a fitting next step in a war that dates back several years, and one in which Borgata still feels there's a $10 million score to be settled.
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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