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Jul 9, 2020 · In 2016, the judge decided that Ivey would be forced to pay the casino $10.1 million, after factoring the $500,000 Ivey won playing craps after his baccarat session. Unfortunately for Borgata ...
- History of Legal back-and-forth
- Ivey's Hidden Progress
- Conclusion Not Thrilling, Not Surprising
While the legal war started in 2014, it took until late 2016 for a big inflection point to finally occur. At that point, the judge presiding over the case sided with Borgata and ordered Ivey and Sun to return more than $10 million they'd won— the at-issue baccarat millions plus some craps winnings. The case continued on appeal, and some sources rep...
However, while every turn was seeming to go against Ivey, he was all the while making some small gains in the background, like a poker player stealing enough blinds to stay afloat in a tournament. The appeals process was apparently going far better for Ivey than the initial case. Of central concern was the issue of whether he had cheated by marking...
If Ivey were to win his appeal, the case would have continued on remand, going back to a lower court for reconsideration. Borgata would have been forced to return the $124,410 it had already seized from Ivey, and nothing would have been guaranteed going forward. Both sides would have also been on the hook to continue shelling out attorney fees, whi...
Jul 11, 2020 · It also seems likely that Ivey will not attempt any more high-stakes baccarat sessions using edge sorting. Phil Ivey beats the casino for $30 Million Dollars. Poker pro Phil Ivey and baccarat partner Cheng Yin Sun reach a potential settlement with the Borgata in a $10.1 million case regarding edge sorting.
- Editor & Chief
Jul 8, 2020 · A legal saga between poker legend Phil Ivey and the Borgata casino in Atlantic City that has lasted the better part of a decade appears close to a conclusion.. According to a court filing on Thursday with the U.S. Court of Appeals for the Third Circuit, Ivey and the casino have “now reached a settlement” in a case stemming from Ivey’s controversial high-stakes baccarat sessions at the casino in 2012.
Jul 11, 2020 · Ivey, Borgata settle. Professional advantage player and poker player Phil Ivey and the parent company of Atlantic City’s Borgata Hotel Casino settled their long-running “ edge sorting ” lawsuit which involved Ivey and co-defendant Cheung Yin “Kelly” Sun. The settlement, referenced in a document filed on July 2, 2020 in the U.S.
Phil Ivey finally settled his lawsuit with Borgata earlier this month. The undisclosed agreement between the two parties comes after a six-year legal battle regarding the controversial "edge sorting" technique they used in baccarat. According to court documents filed on Thursday, July 2 in the United States Court of Appeals for the Third ...
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Jul 10, 2020 · Phil Ivey, Borgata Reach Settlement in Edge Sorting Lawsuit. Settlement agreement was revealed in a July 2 Court of Appeals filing. The filing did not note any financial details of the agreement. Ivey won $9.6m at Borgata using an “edge sorting” scheme in baccarat in 2012. Borgata sued in 2014, accusing Ivey of cheating.
