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BankrollMob Forum » News » Phil Ivey's Delay Tactics to $10.1M Payment Pisses Off Borgata, Files Cross-Appeal

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Phil Ivey's Delay Tactics to $10.1M Payment Pisses Off Borgata, Files Cross-Appeal

Tags: Borgata Casino, Edge Sorting, MGM Resorts, Phil Ivey
Posted on Wednesday, October 03, 2018 by "T".
Borgata definitely did not take it too kindly when Phil Ivey tried to delay and hold on to the money he won from them via the edge sorting technique. As he tried to appeal to overturn the decision that he must pay back the $10.1 million (but apparently fell on deaf ears), the casino has amped up their legal game to perhaps give Ivey a very harsh lesson. Borgata is currently searching for a way to[...]   Read more » Phil Ivey's Delay Tactics to $10.1M Payment Pisses Off Borgata, Files Cross-Appeal

  3-Oct-18, 15:55   #1
Phil Ivey's Delay Tactics to $10.1M Payment Pisses Off Borgata, Files Cross-Appeal 0 
Gerimantas 
Joined: Jan '17
Location: Lithuania
Age: 60 (M)
Posts: 1459
Yes again this situation about Phill Ivey versus borgata casino, i think it is not suoer clear what to do here and who can win in Court because i personally think ivey not do anything not legal, it is casino problem they have bad cards, they can day it is card manufacturer problem, but they use bad cards

     
  3-Oct-18, 17:37   #2
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 53 (M)
Posts: 6597
Nothing to unusual. Both sides try to appeal those rulings, that don't favour them. Ivey to avoid paying back the money, and the casino to squeeze out more money, than had been awarded to them. Interesting is only the penalty for the maker of the cards.

     
  3-Oct-18, 23:12   #3
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 39 (M)
Posts: 2627
Borgata casino plays dirty in this case. Wants to take advantage of this process and receive damages of 30 millions dolllars. Is not correct. Phil Ivey did not cause financial damages for this casino and a correct decision is most appropriate to make a good justice.

     
  4-Oct-18, 07:51   #4
  0 
doubletop777 
Joined: Mar '11
Location: United Kingdom
Age: 49 (M)
Posts: 7067
I can see this case lasting many years and i still do not know what the likely outcome will be. I thought at the time, that Phil Ivey had done nothing wrong and should be paid his winnings and i still stand by that

     
  4-Oct-18, 08:03   #5
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 53 (M)
Posts: 6597
The house always wins, even in court. Evil
By now there had been some rulings in those cases, even in different jurisdictions, and all ended in the favour of the casinos. So i would be surprised if any appeal would change this trend.

     
  4-Oct-18, 09:14   #6
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 33 (M)
Posts: 6392
I thik that best thing for him this moment is to make some deal with this casino,to try to pay them in few years,every year same amount or month and maybe he can pay less!but if he continue with this,he will lose more and more!he cant beat them!

     
  4-Oct-18, 10:00   #7
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 41 (F)
Posts: 12871
The way it goes i see ivey paying even more, from what i have read from this article.
It is interesting the financial details provided here about his buy ins and recent winnings.
What exactly is he trying to achieve. Winning 10 millions so that he can repay them back?
I really doubt about it...

     
  4-Oct-18, 16:58   #8
  0 
Calmplay 

Joined: Apr '08
Location: Mauritius
Age: 53 (M)
Posts: 4072
As mentioned above the house will probably win even in the court but I think that both parties will find an agreement to pay less than the 10 miilion. But what is shocking is that I thought Ivey was worth more than 20 million Shock

     
  4-Oct-18, 19:42   #9
  0 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 34 (M)
Posts: 5890
After all these considered I think Phil here is trolling them hard and probably spending that nifty ten million bucks onto his legal defense which in retruspect not a bad idea since it could buy him more time meanwhile make Borgata spend another enormous amount on their legal team. Funny.

     
  9-Oct-18, 23:18   #10
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 39 (M)
Posts: 2627
Unfortunately, Phil Ivey and that friend are in a complicated situation. Borgata Casino wants 30 millions dollars and is a very large amount which will destroy Ivey. Then they will ask for money also from this friend i think. With lawyers will cost him a fortune and it will be very difficult for him.

     
  10-Oct-18, 11:20   #11
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 41 (F)
Posts: 12871
Perhaps his lawyers have told him, that he can win the case, or whatsoever,
if it trains the whole thing over and over.
In the mean time, they are getting paid for almost absolutely nothing, just
filling.
The winners again from this case are the lawyers.

     
  10-Oct-18, 23:19   #12
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 39 (M)
Posts: 2627
Lawyers always win except when doing pro bono. When you hire a lawyer, you are aware that you have to pay his fee. The same when you go with the car to repaired... You must to pay for the services rendered even if you win or lose. If Phil Ivey and his friend lose then they will pay a lot of money.

     
BankrollMob Forum » News » Phil Ivey's Delay Tactics to $10.1M Payment Pisses Off Borgata, Files Cross-Appeal

 
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