By now, everyone knows that the ten-time World Series Of Poker (WSOP) bracelet winner Phil Ivey is in a legal battle with Borgata. The heads up between the Borgata and Ivey began a few years ago. And after the Court found the poker pro and its partner in crime Cheng Yin “Kelly” Sun guilty of “edge sorting” on Punto Banco tables.
Together the pair won close to $10 Million on the American variation of Baccarat. And Borgata wants the cash back. In fact, the casino has its eyes on the champ’s poker earnings. And apparently, it’s affecting Ivey’s performance at the table nowadays.
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No stone unturned
Earlier this year a Federal Judge ruled that the Borgata could legally go after Ivey’s Nevada assets. However, it took the casino 4 months to take action after granted seizure rights. And so, after Ivey collected $124,410 on June 27th in the $50K buy-in Player’s Championship, pre-WSOP main event tournament. The trap closed shut.
Indeed, the same day, Borgata served the WSOP a written seizure requesting to hand over Ivey’s winning. Now we don’t know if the seizure was a surprise. But judging by Ivey performance in the 10k main event, it probably was.
In fact, he busted out after only 51 minutes, of what some qualified as reckless play. Which indicates that Ivey had no dog in the fight, and willingly threw his game.
Stick a fork in him, is he done?
Undoubtedly, Borgata is watching every move Ivey makes these days. And evidently, it’s throwing off the Pro, or at least his concentration at the table. For now, we don’t know if Borgata secured the 8th place winnings from the June 27th tournament, yet. But one thing is sure since Ivey exhausted his appeal, it’s likely Borgata will indeed win this heads up.
Now, what Ivey fans cannot help to wonder is if this legal dispute means the end of Ivey… And if he leaves the tournament scene, how will the Borgata recover the money?