{"id":21633,"date":"2019-02-07T16:51:28","date_gmt":"2019-02-07T17:51:28","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=21633"},"modified":"2019-02-08T13:47:26","modified_gmt":"2019-02-08T13:47:26","slug":"borgata-receives-approval-to-go-after-phil-iveys-nevada-assets","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/borgata-receives-approval-to-go-after-phil-iveys-nevada-assets\/","title":{"rendered":"Borgata Receives Approval To Go After Phil Ivey\u2019s Nevada Assets"},"content":{"rendered":"<p><strong>Phil Ivey<\/strong> continues to struggle over a night of high-stakes baccarat. The parent company of the <strong>Borgata Hotel Casino &amp; Spa<\/strong> in <strong>Atlantic City<\/strong> has received clearance from a federal judge to pursue Ivey\u2019s assets in <strong>Nevada<\/strong>.<\/p>\n<p>Borgata is seeking assets or cash to satisfy a judgment of $10.16 million against the poker superstar. The judgment\u2019s amount would effectively repay the casino for Ivey\u2019s disputed baccarat win.<\/p>\n<p>Borgata pursued this line of legal recourse after Ivey indicated that his <strong>New Jersey<\/strong> assets were insufficient to cover the judgment amount. <strong>Federal Judge Noah S. Hillman<\/strong> granted Borgata\u2019s motion to cast a wider net in its hunt for relief.<\/p>\n<div class=\"redheader-cta tb_edit_table\">\n<div class=\"tb_editlinks\"><\/div>\n<div class=\"usp-table cta\">\n<div class=\"sr-header\">\n<p>New Players Get A Free Bonus At WSOP.com NJ<\/p>\n<\/div>\n<ul class=\"usp-list\">\n<li>\n<ul class=\"usp-item\">\n<li class=\"usp-logo\"><img decoding=\"async\" class=\"thirstylinkimg\" src=\"https:\/\/www.pokerscout.com\/wp-content\/uploads\/2019\/02\/wsop648-169-4.png\" \/>Visit WSOP NJ<\/li>\n<li class=\"usp-bonus\">$10 No Deposit100% to $1,000 With Deposit<\/li>\n<li class=\"usp-details\">WSOP NJ ReviewOverall Grade A-\n<ul class=\"usp-item-checklist-alt\">\n<li><i class=\"fa fa-check\"><\/i>Games B+<\/li>\n<li><i class=\"fa fa-check\"><\/i>Support B<\/li>\n<li><i class=\"fa fa-check\"><\/i>Banking A-<\/li>\n<li><i class=\"fa fa-check\"><\/i>Player Value A<\/li>\n<\/ul>\n<\/li>\n<li class=\"usp-button\">PLAY NOW<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2><span id=\"a_brief_history_of_the_phil_ivey_saga_with_borgata\">A brief history of the Phil Ivey saga with Borgata<\/span><\/h2>\n<p>The dispute stems from a 2012 gaming session in which Ivey and a partner engaged in a controversial strategy known as \u201cedge sorting.\u201d The procedure, which involves detecting card values based upon manufacturer\u2019s defects in the actual deck itself, allowed Ivey and\u00a0<strong>Cheung Yin \u201cKelly\u201d Sun<\/strong> to gain a profound advantage over the house.<\/p>\n<p>The pair executed the plan twice \u2013 once at Borgata, and once at <strong>Crockfords Casino<\/strong> in <strong>London<\/strong>. In both cases, the casino cried foul after the players soaked them for roughly $10 million apiece.<\/p>\n<p>Crockfords, for its part, refused to wire the money to Ivey, and <a href=\"https:\/\/www.theguardian.com\/law\/2017\/oct\/25\/poker-player-phil-ivey-loses-court-battle-over-77m-winnings-from-london-casino\">won a British court case<\/a> to allow it to keep the cash. Borgata won a similar case on this side of the <strong>Atlantic Ocean<\/strong>, but had already paid out winnings to the poker star.<\/p>\n<p>Mind you, the case was unusual because neither Ivey nor Sun mechanically manipulated or affected the outcome of the game in any way. The result of the lawsuit raised significant questions about the fairness of casinos\u00a0<em>vis-a-vis<\/em> their games.<\/p>\n<p>Ivey has maintained that he and Kelly Sun did nothing wrong\u00a0<em>en route<\/em> to their historic win. He has vowed to appeal the Borgata case further.<\/p>\n<h2><span id=\"its_hard_to_know_what_borgata_will_find\">It\u2019s hard to know what Borgata will find<\/span><\/h2>\n<p>However, in order for Ivey\u2019s appeal to proceed, he must first surrender the disputed amount of cash as a bond to the court.<\/p>\n<p>To be clear, the bond would not be immediately given to Borgata. It would merely be held in escrow until the final settlement of the case.<\/p>\n<p>Affording such a bond is unlikely to be a practical issue for Ivey. Borgata\u2019s attorneys have alleged that the poker pro maintains <strong>assets totaling roughly $100 million<\/strong> in Nevada alone.<\/p>\n<p>One of Ivey\u2019s more notable holdings is a <strong>luxury villa located in<\/strong> <strong>Cabo San Lucas, Mexico<\/strong>. The poker superstar has posted pictures of it to his social media accounts in the past.<\/p>\n<p>As it happens, no one really knows the depth of Ivey\u2019s financial holdings. The only discoverable bank account in New Jersey, the home of Borgata, maintained no balance and showed evidence of a recent transfer to a Mexican bank account.<\/p>\n<p>The post Borgata Receives Approval To Go After Phil Ivey\u2019s Nevada Assets appeared first on .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Phil Ivey continues to struggle over a night of high-stakes baccarat. The parent company of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21636,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"link","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","vebbtech_seo_disable_yoast":false,"vebbtech_seo_hide_author":false,"vebbtech_seo_hide_date":false,"vebbtech_seo_hide_factchecker":false,"vebbtech_seo_fact_check_enabled":false,"vebbtech_seo_post_reviewer":0,"vebbtech_seo_post_review_date":"","footnotes":""},"categories":[6,372],"tags":[],"class_list":{"0":"post-21633","1":"post","2":"type-post","3":"status-publish","4":"format-link","5":"has-post-thumbnail","7":"category-news-category","8":"category-player","9":"post_format-post-format-link"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Borgata Receives Approval To Go After Phil Ivey\u2019s Nevada Assets -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pokerscout.com\/borgata-receives-approval-to-go-after-phil-iveys-nevada-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Borgata Receives Approval To Go After Phil Ivey\u2019s Nevada Assets -\" \/>\n<meta property=\"og:description\" content=\"Phil Ivey continues to struggle over a night of high-stakes baccarat. 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