Saturday, June 14, 2014

Cheating Blackjack Deler Busted Cheating his Casino

A blackjack dealer at Rhode Island´s Twin River Casino is accused of cheating his employers.
State police say 31-year-old Luis Pabon of North Providence has been charged with multiple counts of cheating in the performance of duty as a dealer and paying an amount greater than required.
Police say they spent three months watching Pabon after the Rhode Island Lottery, which helps regulate the casino, told them about possible collusion between the dealer and patrons.
Pabon was accused of steering certain cards to customers and offering improper insurance bets.
He was arrested during his shift Wednesday and is due in Superior Court in Providence on Aug. 14.
He also has been barred from the casino. A phone call to a number listed for Pabon went unanswered Friday.

My take: Heck, I didn´t even know Providence, or Rhode Island for that matter, had a casino! In any event, this type of small-time cheat collusion between casino dealers and patrons always goes on in Native American casinos...mostly by non-Native American dealers and patrons.

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?