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.
Watch: One of the Best Laydowns at PSPC, and Possibly of All Time
Thi Xoa Nguyen makes an incredible fold with a full house at the $25K buy-in PSPC event.
It was during day 2 of the history-in-making $25,000 buy-in PokerStars Players No Limit Hold’em Championship when a Vietnamese lady by the name of Thi Xua Nguyen stunned everybody by making this incredible laydown versus Athanasios Polychronopoulos, a Greek-American professional poker player with two WSOP bracelets.
220 players remained on the field when Nguyen raised from the button with Ad Qc only to get 3-bet to 37,000 by Polychronopoulos from the big blind who held a pair of Aces.
Nguyen made the call and the flop landed Ks 9s Qd. Both the players checked. The Qh on Turn improved Nguyen’s hand to trips. She bets 17,000 after Polychronopoulos checked for a second time. He made the call and the Ace of Spade gave both the players a full house.
Polychronopoulos once again checked on the river with his Aces full. Nguyen bets 50,000 leaving her 153,000 chips behind but finds herself in a check-raise-all-in situation.
This is where things go crazy!!!
After tanking for a while, Nguyen lays down Ad Qc face up—a freaking Full house!!!. Out of respect for her incredible fold, Polychronopoulos flips out Aces and was himself stunned.
Did she misread her hand? No!!! She knew what she was doing. Nguyen put him on Aces or Kings and she was bang on right!!!
The hand was caught during the live stream and obviously, the viewers glued to the stream went berserk including the commentators James Hartigan, Joe Stapleton, and Lex Veldhuis.
Nguyen eventually finished 153rd for $25,450 and Polychronopoulos also made cash but busted against Platinum Pass winner, Jussi Nevanlinna.
What is more crazier is that on day 1 Nguyen won an EPT Monte Carlo package during a random draw table giveaway.
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