+ Reply to Thread
Results 1 to 4 of 4

Thread: Boyd Gaming Seeking $15.5 Million from Phil Ivey in Edge-sorting Case

  1. #1

    Default Boyd Gaming Seeking $15.5 Million from Phil Ivey in Edge-sorting Case

    It seems like Boyd Gaming wants their money back. I hope Phil hasn't spent it yet.They want to take Ivey to the cleaners.

    The Borgata casino in Atlantic City is seeking $15.5 million from Phil Ivey after a federal judge ruled last month that the poker player was in breach of his contract with the casino during four sessions of mini-baccarat in 2012.Ivey and his accomplice Cheng Yin Sun “won” $9.6 million using a practice known as edge-sorting, in which a player can turn the odds in their favor by identifying tiny discrepancies in symmetry on the backs of cards.Ivey and Sun have never denied edge-sorting but claim they won the games without cheating, using skill. The Borgata disagreed and sued for its money back, claiming fraud.$249,000 in CompsLast month’s judicial decision cleared the pair of fraud but ruled that they were in breach of contract with the Borgata. The judge also said they had violated New Jersey’s Casino Control Act by adjusting the odds of baccarat in their favor.The Borgata was asked to submit a new brief outlining damages resulting from the breach of contract and its preferred judgement. In the brief, filed to the court on Wednesday, the casino says, firstly, it wants the disputed funds returned.This has become a larger figure of $10.1 million, presumably because it includes interest.
    The Borgata is also seeking $249,000 on top of that, which represents the players’ comps during the four sessions. Either some private jets were involved or they were drinking Chateau Margaux by the bath-load.

    Expectation Damages
    And lastly, it’s also claiming something called “expectation damages,” to the tune of $5.4 million. This is a bold one: the Borgata believes that had Ivey and Sun been playing the sessions without edge-sorting they would have lost $5.4 million, according to the expected value of the mathematical house edge.

    https://www.casino.org/news/borgata-seeking-15-5-million-phil-ivey-edge-sorting-case
    Last edited by Blitzkrieg; November 14th, 2016 at 05:26 PM.

  2. #2
    Join Date
    Jul 2016
    Posts
    615

    Default

    Quote Originally Posted by Blitzkrieg View Post
    Expectation Damages

    And lastly, it’s also claiming something called “expectation damages,” to the tune of $5.4 million. This is a bold one: the Borgata believes that had Ivey and Sun been playing the sessions without edge-sorting they would have lost $5.4 million, according to the expected value of the mathematical house edge.
    Sounds like a bozovian power move, a lawyer counter that doesn't play in the read world (it'll play). Fuck them.

  3. #3

    Default

    Quote Originally Posted by Villiam View Post
    Sounds like a bozovian power move, a lawyer counter that doesn't play in the read world (it'll play). Fuck them.
    It sure does. Borgata wants to calculate their EV on what they could have won from Ivey and his accomplice had they not been edge sorting, what losers.

  4. #4

    Default On a different note. Phil Ivey loses baccarat-cheating case appeal against Crockfords

    The UK casino Crockfords refused to pay Ivey his winnings once they discovered his tactic. Ivey sued and lost back in 2015, and now his appeal has also come up loser, so the case is finally over.

    Ivey had this comment about the judge's decision: "The trial judge said that I was not dishonest and the three appeal judges agreed, but somehow the decision has gone against me. Can someone tell me how you can have honest cheating?


    Cheat loses appeal

    My take: Come on, Phil, give us a break! What has never come out is exactly how Ivey came to know about these card defects. It is my theory that his foxy little Korean cheat partner, Sun, got the information and passed it along to Ivey, who then used his celebrity to dupe Crockfords and the Borgata into dealing their baccarat game outside of correct and normal procedure, which is a form of altering casino dealing, and that constitues cheating at gambling.

    And let's not forget that Ivey had premeditated plans to do exactly what he did.

    Bottom line: Phil Ivey is a casino cheat and is even in the Casino Cheats Hall of Fame!

    It is also known and I have heard/read this about Phil Ivey that he used to play poker in the casinos while using a fake ID in his early days because he was underage. It is illegal to gamble in a casino if a player is underage and it shows that even Phil Ivey has a darkside to him and is willing to break the law for personal pleasure & gain. Knowing this about Phil, I have to wonder how many HC games he's played at poker? I would have to assume that it is quite a bit. A dangerous player indeed!

    http://richardmarcus-pokercheats.blo...-baccarat.html
    Last edited by Blitzkrieg; November 14th, 2016 at 05:46 PM.

+ Reply to Thread

Similar Threads

  1. Judge: Poker Pro Ivey, Pal Broke Gambling Rules in $10M Win
    By Blitzkrieg in forum Non-BJ Advantage Play
    Replies: 5
    Last Post: October 23rd, 2016, 03:07 PM
  2. Borgata in trouble for soul food on Martin Luther King Day
    By Automatic Monkey in forum Gambling AP Community Miscellanea
    Replies: 1
    Last Post: January 20th, 2015, 04:44 PM
  3. Edge Sorting at Casino Games
    By zengrifter in forum Non-BJ Advantage Play
    Replies: 50
    Last Post: October 24th, 2014, 06:33 PM
  4. Replies: 0
    Last Post: February 13th, 2013, 08:57 AM
  5. Replies: 0
    Last Post: March 11th, 2012, 10:30 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts