Pay Up or Else: Borgata Wants 2019 WSOP Winnings from Phil Ivey

Phil Ivey didn’t have a banner 2019 WSOP, at least not by his standards. And it may have just gotten even worse. Atlantic City’s Borgata Casino, the property he owes $10 million to from a Baccarat edge-sorting lawsuit, wants the money he won in Las Vegas this summer.

2019 WSOP Phil Ivey

Phil Ivey won’t be smiling if he’s ever forced to hand over $10 million to Borgata. (Image: YouTube)

The 10-time bracelet winner has fought the MGM-owned casino since 2016 over a what the casino claims, and the courts agree, Ivey cheated the house during a series of Baccarat sessions. But the poker pro argues he was only playing by the agreed upon rules of the game.

Borgata Wants Money

Ivey’s appeal was denied and a District Court judge ruled earlier this year that the former Full Tilt Poker pro must pay back the $10 million he won plus interest. And the Atlantic City casino hotel hopes to get its hands on his 2019 WSOP winnings.

During the recently completed World Series of Poker, Ivey failed to win a bracelet and only cashed in four events. His biggest score was for $124,410, an eighth place finish in the $50,000 Poker Players Championship. His other three cashes were each for under $4,000 in low buy-in events.

But the Borgata wants to retrieve those earnings along with $214,000 in interest. The casino’s lawyer, Jeremy Klausner, advised the WSOP on June 27, the date Ivey busted from the PPC, they received a writ of execution for the $10 million he owes.

Neither Ivey nor the casino has stated if the poker player’s WSOP winnings were retrieved. So, it’s unclear at this point if Ivey was able to cash out following the PPC.

Earlier this year, a District Court judge ruled Borgata could retrieve Ivey’s assets in the state of Nevada. Ivey owns properties in Las Vegas and, presumably, has many valuable assets in the state.

You Be the Judge

Ivey won approximately $10 million at Borgata in Baccarat by using an edge-sorting technique that gave him an advantage over the house. The casino claims this practice is unfair, and thus, he cheated to win.

But the poker pro argues he was simply playing by rules agreed to by the house. Prior to the Baccarat sessions, Ivey asked for and was granted permission to use a specific deck of cards that allowed him to know which card was coming out of the deck next.

Some argue he doesn’t owe the casino a penny because they agreed to his requests before spreading the game. But the civil courts view things differently. And their opinion is, technically, the only one that matters.

Jon Sofen
Written by
Jon Sofen
LAS VEGAS -- Like many others, Jon began playing poker after Chris Moneymaker’s WSOP victory in 2003. Since then, he's become a prolific writer about the game, offering daily news coverage for the CardsChat community. Away from the table, he's a proud Midwesterner, and possibly the world's biggest Kansas City Royals and Iowa Hawkeyes fan.

Comments

Charlie C wrote...

Boycott Borgata!!!

AzdajaD wrote...

“he was simply playing by rules agreed to by the house” and now they want money back…
Ok, I hope he win on court! 😀

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