Tuesday, June 10, 2014

The Phil Ivey Casino Cheat Debate Continues...

Soon he´ll own the place!
So let me put an end to it!

The bottom line is this: Ivey did indeed cheat, but he most likely will get to keep his illicit $12 million casino earnings from the Borgata casino in Atlantic City. He will not, however, win his lawsuit against Crockfords casino in London.

The issue that Ivey only took advantage of casinos´ foolishness and poor internal controls is enough to protect him against any civil lawsuit or criminal charges against him. But the overriding point here is not being mentioned much in all the articles about the case I´ve been reading. Simply: How did Phil Ivey and his Malaysian-beauty-cohort know that the defects in the manufacturer´s (Gemaco) cards existed? Surely they didn´t stumble into a casino and start playing baccarat and notice that the cards´edges were defective.

The answer to this question is that someone from the card company, perhaps an acquaintance or friend of the girl, was privy to that, which led to Ivey´s knowledge about the defective cards. Ivey then masterminded the casino-cheat operation with full intent, knowing exactly what his percentage edge would be against casinos using his edge-sorting scam.


No "ifs" "ands" or "buts" about it.

So by doing it did Ivey disgrace himself and/or the poker world?

Well, surely himself, but then what the hell does he care?