The poker professional is also known as an avid baccarat player and over the course of time he won and lost millions of dollars. Last year, Phil Ivey won almost £8 million at the Crockforts Casino in London but he was denied payment after being accused of “edge sorting”. Ivey sued the casino for failing to honor its end of the bargain, with a decision yet to be reached in that case.
Meanwhile, Phil is hoping to win another lawsuit, this time against Borgata in a case that bears many similarities to the aforementioned one. He hired a professional legal defence team and their latest attempt was to dismiss the lawsuit, based on the assumption that the statute of limitations for the alleged cheating violations have expired.
A comprehensive article by Haley Hintze published at 4flush sheds some light on the matter and allows those interested to catch a glimpse at what happens behind the scenes. Borgata’s legal team didn’t fail to counter Phil’s motion and they claim that a lawsuit was the only method that the casino could use to recuperate the money lost as a result of alleged cheating.
The outcome of this lawsuit is of tremendous interest for both land-based casinos and their patrons, because it could set a precedent. The fact that the stakes are as high as they get, with the two parties fighting for $9.6 million and the prominence of the poker professional only amplifies the intensity of the scandal. Borgata is legally represented by Jeremy Klausner of New Jersey firm Agostino & Associates, P.C, who confirmed the fact that Phil Ivey could still be criminally charged.
For the time being, the casino is more concerned about recuperating the money and its top priority is to win the civil case. Earning a criminal conviction is more difficult but nothing can be ruled out just yet, especially now when the scandal got escalated. The stakes are quite high for the casino industry in general and Borgata in particular, because much depends on the outcome of this lawsuit.
If they succeed and the poker professional doesn’t receive a penny or even gets criminally charged, this would send a signal to other players. The idea is for the ruling to have a deterring effect on anyone else who might regard “edge sorting”as a way of rendering the proverbial house edge useless. On the other hand, poker professionals have sided with Phil Ivey and Daniel Negreanu voiced his concerns regarding Borgata’s attitude on numerous occasions, via Twitter.