|Borgata Playing for Keeps, Phil|
And it still is not yet finalized, the last big factor yet to be determined is whether or not Ivey will escape with the $10 million the New Jersey courts say he owes the Borgata casino in Atlantic City, that being the amount he won there through the advantage play technique called edge sorting, which, in my opinion, turned into pure cheating when Ivey convinced Borgata table games officials to alter the deal of the game by using false pretenses.
In this Game Protection war, the latest battle has been won by the Borgata. A New Jersey judge ruled that the Borgata can garnish or seize all Ivey's future winnings in poker tournaments in the United States, and seize them is exactly what the Borgata has done for the year 2019. They just seized more than a hundred grand that Ivey won at the 2019 World Series of Poker.
Ivey, whose appearance at US poker tournaments has dwindled immensely the past few years, has reportedly removed all his liquid assets outside the US. He did have the Borgata send his edge sorting winnings to Mexican banks, so perhaps the trail to where all his cash now is begins there.
In any case, it will be interesting to see if Ivey can wait out all the Borgata's efforts to collect the ten million.
One thing for sure is that it is quite unlikely we'll see Ivey playing any more US tournaments in the near future--perhaps never. |
That's because Ivey would have to surrender his next $10 million in winnings to the Borgata!