Borgata-Ivey case results in laughable judge’s decision
By Bob Garcia
Phil Ivey made millions playing poker. He won ten WSOP and one WPT bracelets. He is also somewhat of a baccarat fan, opting for the most popular version, punto banco. In two high-profile cases, the card-playing prodigy won millions at the game, only to be forced to give it all up due to accusations of "edge-sorting." Now, a judge has ruled that a suit brought by one of the casinos involved against the card manufacturer for about $10 million is worth only a small fraction of that amount.
Let’s recap. Ivey and fellow baccarat player won about $9.6 million at the Borgata in 2012. The pair was ordered by a court to return the money after the edge-sorting accusation was upheld. The Borgata, in the meantime, also went after the card manufacturer, Gemaco, for a flaw in the cards that facilitated the edge sorting, asking for $10.1 million.
A court has now handed down its decision in the Borgata-Gemaco fight, and the result probably wiped out what it recuperated from Ivey, factoring in lawyers’ fees, time, manhours and all components of the lawsuit. Instead of getting $10 million from the card manufacturer, Borgata has to settle for a mere $27, the cost of the defective cards. Borgata has yet to comment on how it will spend its windfall.