..

Phil Ivey Settles With Borgata?

Written by:
Ace King
Published on:
Jul/16/2020

While reports surfaced this week that poker pro Phil Ivey had settled his long-standing dispute with Atlantic City's Borgata Casino, the deal has yet to be finalized.

In 2016, Ivey was ordered to pay back $10.6 million he had won at the casino playing Baccarat.  He and a female companion, Chung Yin Sun, were accused of taking advantage of playing card defects and engaging in "edge sorting". The practice is a technique used where a player determines whether a face-down playing card is likely to be low or high through the exploitation of subtle unintentional differences on the backs of the cards being dealt.  The card manufacturer admitted to the defects later on.

The sum included money that Ivey won playing craps with some of the money he won at the card table.

Earlier this year, the Borgata was said to be tracking Ivey's financial movements.

On July 2, the parties filed a joint motion in the US Court of Appeals for the Third Circuit. They all moved for a stay of the proceedings and partial remand to the District Court.

“The parties participated in the mediation program, and they have now reached a settlement.”

The settlement depends upon the District Court setting aside particular orders and decisions from its decision, however.

- Ace King, Gambling911.com

Poker News

Winners From 2022 Seminole Hard Rock Poker Open Big 4 Championships Revealed

Winners From 2022 Seminole Hard Rock Poker Open Big 4 Championships Revealed

For the seventh consecutive year, the Seminole Hard Rock Poker Open (SHRPO) concluded with the crowning of The Big 4 champions at Seminole Hard Rock Hotel & Casino Hollywood.

Natural8 Poker Ambassador kitty kuo Wants New Boyfriend

Natural8 Poker Ambassador kitty kuo Wants New Boyfriend: "Only Need to See 5 Times a Year" and "No Franch"

At the conclusion of this year's World Series of Poker we learned that Asia's largest online poker room, Natural8, ambassador Kitty Kuo was publicly seeking a new boyfriend....but her busy schedule might not allow for it.  Not to mention she's a little picky.

The Mouth Speaks Out About Mar-A-Lago Raid

The Mouth Speaks Out About Mar-A-Lago Raid: "Better Have Goods or Trump Will Win in Massive Landslide in 2024"

Plus poker player Dan Shak charged with ‘spoofing’ precious metals markets

The Mouth Takes on Poker Pro, Economist Andrew Barber: "I Don’t Think You’re an ***hole, I Just Think You’re Brainwashed"

Mike "The Mouth" Matusow, one of poker's most successful players, has been ranting over the past 48 hours about everything from anti-Trumpism, President Joe Biden running for re-election in 2024, the WSOP failure to punish player who are tardy to tournament events and puberty blockers?

To Tip or Not to Tip the World Series of Poker Dealer

To Tip or Not to Tip the World Series of Poker Dealer

The question of the day: "You win the WSOP Main Event for $10,000,000 and have 56% of yourself. How much do you tip? 2.025% of the prize-pool was withheld for staff ($1,754,257) outside of the rake ($4,093,267)?"

Syndicate