Phil Ivey Borgata case

[Norm]

There's a rumor that Phil Ivey just settled his $10.1 million edge sorting lawsuit With Borgata. But, can't find a reliable source.

[davethebuilder]

Eliot Jacobson may know as I understand that he acted as an expert witness for Phil Ivey in the Crockfords Casino case in London, England. In that case Ivey kept appealing and eventually lost so he was never paid. Although Atlantic City, New Jersey is a different jurisdiction in another country and the Borgata did pay the outcome of the case in England may serve as a precedent in these types of cases.

[Eliot]

I don't have any information on the Borgata case.

Quick story. The morning of the day that Judge Mitting handed out his Crockfords verdict Phil said to me, "Today is a $42 million dollar swing for me." He intuitively knew that whatever happened that day would be what happened at Borgata as well. Then, when the judge came in to read his ruling, Phil took one look at him and wrote "I'm dead" on a yellow legal pad and showed it to me. If there is one thing Phil is good at, it's reading people.

[davethebuilder]

No doubt about his ability to read people which he has used very successfully in Poker. He may be a gambler but I still wonder why someone so smart and successful kept appealing. The cost is prohibitive and although he can afford the best legal representation he surely must have been advised that his chances were slim. The only reason I can think of is to clear his name as a cheat which appears to have different meanings depending on whether you define it under British or American law. In any case, settling with Borgata was a wise decision and the terms will probably remain confidential. It was an interesting case which everyone can learn from.

[Midwest Player]

There's a rumor that Phil Ivey just settled his $10.1 million edge sorting lawsuit With Borgata. But, can't find a reliable source.

Here is a source, but don't know if its reliable.
https://www.pokernews.com/news/2020/...ment-37591.htm

[Jabberwocky]

Here is a source, but don't know if its reliable.
https://www.pokernews.com/news/2020/...ment-37591.htm

Ivey should have enlisted the services of a proxy player. In that case he likely could have gotten under the radar.

[tomf23]

Ivey should have enlisted the services of a proxy player. In that case he likely could have gotten under the radar.

I once saw Ivey playing 100 thousand dollars a roll at Bellagio craps. Ivey was the perfect guy to do something like this as it is. He already had the reputation for playing huge.
Some random whale isn't going to want to get involved in a scheme like this.

[Eliot]

I once saw Ivey playing 100 thousand dollars a roll at Bellagio craps. Ivey was the perfect guy to do something like this as it is. He already had the reputation for playing huge.
Some random whale isn't going to want to get involved in a scheme like this.

Phil was playing the 20% loss rebate deal he was getting from Bellagio. He played loss rebates, quick hit-and-run at craps, at casinos around the U.S. for a period of time. He made many people believe he was just having fun partying as a big-time gambler, but he was playing with a huge edge, similar to Don Johnson. I had a conversation with him about this and he told me this info directly. This might not be 100% the case, he does gamble purely for fun sometimes, but I had the impression from Phil that it was mostly one big act.

[tomf23]

Phil was playing the 20% loss rebate deal he was getting from Bellagio. He played loss rebates, quick hit-and-run at craps, at casinos around the U.S. for a period of time. He made many people believe he was just having fun partying as a big-time gambler, but he was playing with a huge edge, similar to Don Johnson. I had a conversation with him about this and he told me this info directly. This might not be 100% the case, he does gamble purely for fun sometimes, but I had the impression from Phil that it was mostly one big act.

i believe it. he has a reputation as a degenerate in the poker world but i think it's a carefully cultivated image. when i saw him doing this at the Bellagio i thought he was up to something.I mean he was printing money off of Full Tilt back then but 100k a roll still seemed very steep.When I first heard about the edge sorting thing it all made sense.

[ShipTheCookies]

I once saw Ivey playing 100 thousand dollars a roll at Bellagio craps. Ivey was the perfect guy to do something like this as it is. He already had the reputation for playing huge.
Some random whale isn't going to want to get involved in a scheme like this.

This is one reason why I think MGM owned Borgata and Ivey settled. Although he may sometimes AP them and despite his poker playing, he still is a huge degenerate gambler.

[Norm]

Talked to one of the previous lawyers on related cases. Said he heard it was settled but didn't know the details.

[Eliot]

No doubt about his ability to read people which he has used very successfully in Poker. He may be a gambler but I still wonder why someone so smart and successful kept appealing. The cost is prohibitive and although he can afford the best legal representation he surely must have been advised that his chances were slim. The only reason I can think of is to clear his name as a cheat which appears to have different meanings depending on whether you define it under British or American law. In any case, settling with Borgata was a wise decision and the terms will probably remain confidential. It was an interesting case which everyone can learn from.

Ivey was not found to have cheated in the Crockford's case. In fact, the judge had to invent a new kind of "social cheating" to favor Crockfords in this case. Judge Mitting explained in court that he was a bridge player and he would never look at his opponents cards, that would be cheating, even though he would never be criminally punished for doing so.

[ShipTheCookies]

Ivey has been a schemer since his early gambling days as "no home Jerome" where he used a fake ID to enter casinos illegally as an underaged player. Why anyone defends him is beyond me.