Phil Ivey Responds To The Borgata's $15.5M Claim10-Time Bracelet Winner Still Fighting For Baccarat Winnings |
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The legal team for poker legend Phil Ivey has filed a response to the Borgata seeking more than $15 million from Phil Ivey and his playing partner over controversial baccarat sessions in 2012.
Ivey and Cheng Yin Sun won nearly $10 million from the casino using a technique called edge sorting, which gave them a small but lucrative advantage over the casino. Atlantic City’s top grossing casino also wants the value of comps returned, as well as the money it thinks it would have won if they weren’t edge sorting.
In October, a judge ruled that Ivey didn’t commit fraud, but that he did breach his contract with the casino because he gained a mathematical edge over the house in a game that a gambler is supposed to lose in.
In a court document filed on Nov. 29, Ivey’s defense claims that “the court’s finding on liability does not dictate an automatic damages award.” Ivey’s team cited a case involving the Golden Nugget and tainted baccarat sessions also from 2012 to highlight that Ivey and Sun didn’t use edge sorting to win a larger quantity of hands (edge sorting allowed them to place larger bets when chances were more favorable). In other words, the two baccarat cases aren’t the same.
In the Golden Nugget case, the gamblers who noticed the cards were not shuffled were able to win more than 40 hands in a row. They had to return $1.5 million in winnings.
Below is the court document:
Ivey Document by brianpempus on Scribd
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