Phil Ivey Settles With Borgata?

Written by:
Ace King
Published on:

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

Gambling911 World Exclusive: Covid-Stricken Cantu Out of Hospital

Gambling911 World Exclusive: Covid-Stricken Cantu Out of Hospital

Cantu was not vaccinated against Covid-19, Gambling911.com sources revealed.

WSOP Threatened Again By Covid Surge

WSOP Threatened Again By Covid Surge

The 2021 World Series of Poker is set to take place Thu, Sep 30, 2021 through Tue, Nov 23, 2021.  There are already whispers that this year's event could be derailed by yet another surge in Covid-19 cases.  Assuming it isn't cancelled or delayed altogether, the 2021 WSOP is likely to see a reduction in participants.

The Mouth on Biles Backing Out of Olympics: 'Mental Heath is Real but Winners Stay Strong and Tough'

The Mouth on Biles Backing Out of Olympics: 'Mental Heath is Real but Winners Stay Strong and Tough'

Poker pro Mike "The Mouth" Matusow did not wish to downplay the seriousness of mental illness, but made it abundantly clear he agrees there needs to be some lines drawn.  The implication being that athletes can't just walk away in the middle of a competition for a "mental break".

Poker Pro Salman Behbehani Remains in Jail After Large Stash of Party Drugs Found on Private Jet

The haul found on board his private jet reportedly included 80g crystal methamphetamine, a highly addictive drug commonly used among gay men during sex, and 315g cocaine.

Doyle Brunson Wife Hospitalized

Doyle Brunson Wife Hospitalized

Poker legend Doyle Brunson announced via Twitter Tuesday afternoon that he had his beloved wife, Louise, rushed to the hospital.  Brunson was asking for prayers.