Phil Ivey’s Motion to Stay $10M Borgata Judgement Denied in New Jersey
It looks like Phil Ivey could be forced to fork up the $10 million he won from Borgata after all. Ivey filed a motion to stay the judgment without bond while he awaits the appeal he filed in a higher court. This week, a federal judge in New Jersey denied the motion.
Ivey motioned to stay the 2016 judgment from U.S. District Court Judge Noel Hillman requiring Ivey and his partner Cheung Yin Sun to repay Borgata for their baccarat stint in 2012. Ivey is currently appealing the decision and says it would cause him “irreparable harm” if he were forced to pay.
Then this summer, Ivey returned to the poker spotlight for the first time in years, competing in the World Series of Poker in Las Vegas. On August 4, after Ivey’s summer poker appearances, Borgata’s legal team decided to call Ivey’s bluff in Court.
They requested Ivey’s motion be denied because the poker player demonstrated he is in no danger of irreparable harm to his career. They also believe Ivey is sitting on more than enough money to repay what he owes.
On Tuesday, Judge Hillman sided with Borgata again, saying Ivey and Sun have failed to fulfill their burden of proof. The two professional gamblers claimed repaying the money to Borgata would be devastating for their business, but did not support that claim with convincing evidence, said Hillman.
Additionally, Borgata says Ivey’s request to wait for appeal is futile. The casino’s legal team say the odds are stacked against him – more than 85 percent of private civil cases fail on appeal.