Borgata Given Green Light To Go After Ivey
An On Going Battle
The Borgata vs. Ivey case was awarded in favour of the Borgata in 2016, and finalized at the end of 2018. The final judgment allows the Marina District Development Corp. LLC to take the necessary steps to successfully claim its $10 million award.
For months, The Borgata has been attempting to find and attach assets belonging to Ivey to cover the debt, but has come away empty-handed. The judgment will now allow the Borgata to attached assets it believes Ivey holds in Nevada, his home state.
Although Ivey has assets and business interest outside of the US, such as in Mexico, attaching the gamblers international assets could prove difficult for the developer.
Edge Sorting That Didn’t Pay Off
Phil Ivey and his accomplice, Chen Yin Sun, were found guilty of edge sorting at the Borgata Hotel and Spa’s mini Baccarat tables in 2012. Ivey won $9.6 million by exploiting a printing error on the back of the playing deck.
Edge sorting goes against New Jersey playing regulations, and the pro player was ordered to pay the funds back to the casino. This is the second such case against the Poker World bracelet winner, who lost a similar case earlier in the year. The British High Court ruled in favour of the Genting Group who sought not to pay winnings to the Poker star, who had once again used edge sorting as part of his strategy.
At the time Ivey said in a statement that exploiting a casino’s failure to properly protect itself was, he felt, a legitimate strategy. The player made several special requests, which the Borgata granted. The requests included that Gemaco playing cards be used, that the cards not be manually shuffled but only electronically, that their dealer is Mandarin speaking and that certain low cards be rotated 180 degrees in the deck. This allowed the player to easily identify certain cards as high or low before they came out of the shoe, and play accordingly.
Ivey’s deposition in the Borgata case was held on the 31st of January, but no details have been made public.