Phil Ivey Vs Casino
Ivey and his friend Cheung Yin “Kelly” Sun carried out a technique called edge sorting where cards are interpreted as low or high based on imperfections in some of the cards. For a combined $10 million using this edge to their advantage, the partners went on to take Borgata Casino, alongside London’s Crockfords Casino. The lawsuit was originally filed in April 2014, after they won the money in 2012.
One of the world's top poker players, Phil Ivey, has lost a Supreme Court bid to reclaim £7.7m of winnings withheld by a London casino for five years. The American was challenging a Court of Appeal.
Stories were also told about Ivey and Kelly asking for Mandarin speaking dealers so that they could ask them to switch the deck upside down for “good luck”, without arousing suspicion.
The Borgata vs. Ivey battle started long before 2019, but in February of last year, a federal judge approved Borgata casino to seize $10 million of Ivey’s money. Apparently, Ivey had $100 million of assets based in Las Vegas, and none in New Jersey, so Borgata endeavored to start in Nevada.In addition to the $10,130,000 owed, there was also $214,410 in interest that was supposed to be recovered, but Ivey was not ready to back down and pay it.
The 179th and final filing in the six-year-old Borgata casino vs. Poker legend Phil Ivey in a $10 million “edge-sorting” scheme was filed Friday – and it was just one page with two sentences. The Phil Ivey vs Crockfords Club court case has now come to an end, with Phil Ivey ultimately losing out. Earlier today, the Supreme Court of the United Kingdom ruled unanimously to uphold a Court of Appeal judgement that allowed Crockfords Club to keep £7.7 million of Ivey's Punto Banco earnings.
That summer, Ivey secured eighth place in the $50,000 Poker Players Championship, scoring for $124,410. Borgata decided to seize this money immediately. What they did not know was Ivey had apparently been staked by two poker players for this event – Dan “Jungleman” Cates and Illya Trincher. Chesnoff and Schonfield, an attorney firm, proposed this staking deal to the court and both Cates and Trincher coincided that Ivey had been staked.
In his reply, Jeremy Klausner, Ivey’s attorney fired back at Borgata stating that they did not follow the proper procedure and failed to comply with what was originally stated in the Writ of Execution.
Back in New Jersey, they continued their fight back against the casino declaring that Bogata were involved with the $10 million that Ivey and Sun won. Klausner made the case that dealers voluntarily flipped the decks over at casinos when Ivey asked them and they were not breaking any laws. Despite this, flipping the deck is a practice used at a lot of casinos as a measure of good luck, so it’s unclear whether this information is applicable.
Phil Ivey Vs Casino
The chances are very grim for this case to finish anytime soon, and whether we’ll see Ivey get his money back. However, it’s doubtful we’ll see Ivey give up anytime soon with the kind of money at stake.
Ivey and his friend Cheung Yin “Kelly” Sun carried out a technique called edge sorting where cards are interpreted as low or high based on imperfections in some of the cards. For a combined $10 million using this edge to their advantage, the partners went on to take Borgata Casino, alongside London’s Crockfords Casino. The lawsuit was originally filed in April 2014, after they won the money in 2012.
Stories were also told about Ivey and Kelly asking for Mandarin speaking dealers so that they could ask them to switch the deck upside down for “good luck”, without arousing suspicion.
Phil Ivey Vs Casinos
The Borgata vs. Ivey battle started long before 2019, but in February of last year, a federal judge approved Borgata casino to seize $10 million of Ivey’s money. Apparently, Ivey had $100 million of assets based in Las Vegas, and none in New Jersey, so Borgata endeavored to start in Nevada.In addition to the $10,130,000 owed, there was also $214,410 in interest that was supposed to be recovered, but Ivey was not ready to back down and pay it.
That summer, Ivey secured eighth place in the $50,000 Poker Players Championship, scoring for $124,410. Borgata decided to seize this money immediately. What they did not know was Ivey had apparently been staked by two poker players for this event – Dan “Jungleman” Cates and Illya Trincher. Chesnoff and Schonfield, an attorney firm, proposed this staking deal to the court and both Cates and Trincher coincided that Ivey had been staked.
In his reply, Jeremy Klausner, Ivey’s attorney fired back at Borgata stating that they did not follow the proper procedure and failed to comply with what was originally stated in the Writ of Execution.
Back in New Jersey, they continued their fight back against the casino declaring that Bogata were involved with the $10 million that Ivey and Sun won. Klausner made the case that dealers voluntarily flipped the decks over at casinos when Ivey asked them and they were not breaking any laws. Despite this, flipping the deck is a practice used at a lot of casinos as a measure of good luck, so it’s unclear whether this information is applicable.
The chances are very grim for this case to finish anytime soon, and whether we’ll see Ivey get his money back. However, it’s doubtful we’ll see Ivey give up anytime soon with the kind of money at stake.