Phil Ivey’s Backers Dan Cates, Illya Trincher Seeking Their Share Of WSOP Winnings

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A number of weeks earlier, records surfaced that Phil Ivey’s eighth-place cash money of $124,410 in the 2019 WSOP was seized by United States Marshals as payment towards the more than $10 million he owes an Atlantic City casino.

The 10-time WSOP bracelet winner, along with his partner ‘Kelly’ Cheng Yin Sun, beat Borgata out of $9.6 million in a high-stakes baccarat session in 2012. Two years later, the casino realized that the duo was using a technique called ‘edge sorting,’ where they would be able to spot defects on the back of cards.

Ironically, the manufacturer of the spotty cards was only liable to pay $27, while a court ordered Ivey to pay $10.1 million back to the gambling enterprise, a number that consists of a $500,000 win at the craps table. Now, 2 poker players are claiming that they are qualified to their portion of Ivey’s winnings.

Dan Cates, much better known to viral music video followers as Jungleman, and fellow high-stakes casino poker pro Illya Trincher, supposedly put up Ivey’s $50,000 buy-in in the Poker Players Championship event, accepting divide the revenues.

After redeeming their investment, the final-table surface made the triad $74,410 in profit, fifty percent of which must have gone to Cates as well as Trincher for a total of $87,205. Instead, it went to Borgata.

The two poker pros have currently submitted a legal objection to the garnishment, pointing out Nevada law that permits support bargains. Naturally, it was all the way back in February that a government judge in New Jersey provided Borgata authorization to go after Ivey’s properties elsewhere, consisting of Nevada. Basically, it may be hard for them to get paid.

Of course for Ivey, the latest development in the saga effectively ends the chances that the poker world will see him play a tournament in the United States any time soon. His U.S. tournament schedule was already sparse. Before his legal battle with Borgata, he was rarely playing any U.S. tournaments outside of the WSOP. The last time he cashed in a domestic tournament that wasn’t the WSOP was his ninth-place finish in the 2013 National Heads-Up Poker Championship.

Despite not being very active on the felt, it’s been a busy year for Ivey otherwise. The high-stakes edge-sorting baccarat sessions may be the subject of an upcoming movie. At the Aria, Ivey’s name was removed from the high-stakes cash game room, and this summer, he folded the winning hand on television for the second time in his career.