Borgata Gets The Go Ahead To Seek Ivey’s Funds in Nevada

This is the edge-sorting case that Phil Ivey just cannot get away from.

Back in 2012 Ivey was accused of edge sorting while playing Punto Banco (a form of Baccarat) with his playing partner Cheung Yin Sun, and he was consequently found guilty of cheating.

It has since been announced via FlushDraw that the Borgata have been given the go-ahed to seek their funds (that’s over $10 million) in the State of Nevada as Ivey has no money or assets in the state of New Jersey, where the edge-sorting took place.

As per the motion filed by Borgata attorney Jeremy M. Klausner back in October 2018, “Defendant Ivey has substantial assets in Nevada. That is where he lives and that is where his businesses are based. In contrast, he has no identifiable assets in New Jersey. Given the foregoing, Borgata satisfies the ‘mere showing that the defendant has substantial property in the other district and insufficient [property] in the rendering district.’ As a result, good cause is shown and Borgata should be permitted to register this Court’s December 15, 2016 [ruling] in the District of Nevada.”

This means that the New Jersey based Borgata can actively pursue getting their money back in Nevada—seven years after the cheating took place.

Ivey was also required to pay back £7.7 million over in the UK—it is not clear if he has yet cleared his debt at this time.

Read a comprehensive overview of the edge-sorting case, complete with time-line over on pokerfuse.

If you or someone you know has a gambling problem and wants help, call the Virginia Council on Problem Gambling (VACPG) helpline at 1-888-532-3500
published 4 years, 7 months ago • by permalink

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