Poker star Phil Ivey to court: Let me keep my $10M in baccarat winning
A recent request by the Borgata casino to a federal judge for a refund of the $9.6 million won by legendary gambler Phil Ivey in 2012 has been formally contested by Ivey.
On Monday, Ivey's attorney disputed Borgata's claim that his profitable experiences - which came during his playing of baccarat on four visits to the Atlantic City casino - are "identical" to a 2015 case in which Golden Nugget gamblers had to give back $1.5 million in winnings in the same case.
In the Golden Nugget case, the playing cards were not - as required by state law - pre-shuffled due to an error by the playing card company. That led to a "recurring pattern" that several players noticed, allowing them to win 42 consecutive hands. A state court found that the error made the playing hands "unauthorized."
But Ivey points out that the ruling stemmed from that conclusion - not breach of contract, which is what the judge found in Ivey's case. Instead, the judge found that Ivey and his playing partner - who spotted tiny imperfections in the design of the playing card backs - "did not violate any rules or regulations."
The contention, then, is that the outcome of the Golden Nugget case doesn't necessarily mean Borgata gets its money back....
Read the entire article by John Brennan
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