The poker world took notice as Phil Ivey returned to the World Series of Poker last month, cashing in four events and finishing eighth in the $50,000 Poker Players Championship for $124,410.
So did Borgata.
FlushDraw reported last weekend that Borgata lawyer Jeremy Klausner served notice to WSOP management on June 27 that they obtained a writ of execution against the 10-time bracelet winner for the owed eight-figure amount plus $214,518 in accrued interest.
Last February, Borgata won a motion to go after Ivey’s assets in Nevada after winning the high-profile 2016 legal battle over Ivey’s near eight-figure baccarat win and his alleged ‘edge sorting’ technique four years earlier. Ivey and his partner, ‘Kelly’ Cheng Yin Sun, won $9.6 million from the New Jersey casino, but owe it $10.16 million when the judge factored in the $500,000 victory in craps later in the evening.
It’s unknown whether the four-month delay between the court ruling and serving notice was intention, but the June 27 date coincides with Ivey’s elimination from the Poker Players Championship, and was an attempt by Borgata to recoup some of the millions they are owed.
It’s also unknown whether Borgata received those winnings, but the service receipt shows that it was accepted by WSOP Vice President Jack Effel. There have been no comments on the matter from the WSOP.
Ivey failed to cash any other events after the $50,000 buy-in event, but he did play the $10,000 main event. He busted Day 1C in less than an hour, which led to theories that he was playing recklessly because he knew that the winnings would be seized.
With the latest developments in the case, it seems unlikely that the poker world will see Ivey participating in events on U.S. soil until this legal situation is completely resolved.
Leave A Comment