Borgata Casino Wins Motion To Track Down Poker Pro Phil Ivey’s Assets In Nevada

A federal court in New Jersey has actually offered the Borgata Resort and Casino site authorization to pursue Phil Ivey’s properties in Nevada.

The Atlantic City online casino is still owed $10.16 million from the 10-time World Collection of Casino poker bracelet winner after winning a lawsuit in 2016 for baccarat winnings Ivey as well as his partner, Cheng Yin Sun, gained a couple sessions in 2012. The duo made use of a method called “side sorting” which allowed them to detect defects on the backs of cards to acquire an advantage on the residence.

Ivey and also Sun netted regarding $9.6 million from the baccarat tables as well as Ivey parlayed his payouts into another $500,000 victory at the craps table, which was how Court Noel Hillman landed on the $10.16 million number he owed Borgata.

However for Borgata, Ivey lacked substantial assets in the Garden State. After the judgment in its favor, the Borgata might just locate a Wells Fargo checking account in Ivey’s name in the state. The account was vacant as well as Borgata’s lawful group asserted that both had actually moved their jackpots to a Mexican bank account.

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Back in October 2018, Borgata filed a motion to cast a larger internet to find Ivey’s possessions. The activity stated that they had actually located the cash in Nevada which the online casino might go after it to require settlement.

“Although the extent of Defendant Ivey’s business holdings is unclear, it is believed that Ivey Poker, LLC is the entity behind Ivey League, Ivey’s poker oriented website,” Borgata’s legal team wrote. “Ivey’s holdings have been estimated at $100 million, and the above shows these holdings, at least those that are ascertainable, are based in Nevada. Ivey has also disclosed a luxury home in Cabo San Lucas, Mexico on his social media account. It is possible that one of Ivey’s Nevada entities is the ultimate owner of this home.”

On Jan. 28, the order was filed to docket the judgment in Nevada, which Hillman signed the next day. Ivey’s legal team did not oppose the decision.

Ivey used the very same edge-sorting techinique to win $12.4 million at Crockfords Gambling establishment in London, which the casino site did not pay. After a lawsuit, the courts upheld the decision by the casino site to reject payment.

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