Phil Ivey ended up eighth in the $50,000 WSOP Poker Players Championship in June. Yet, according to court documents acquired by Flushdraw.net, he really did not see a dime of his $124,410 cash money. Rather, Caesars Entertainment sent the money straight to the United States Marshals Service per a court order following a $10 million legal action the poker pro lost to Atlantic City’s Borgata Casino.
Ivey and his co-defendants won just over $10 million from the casino in a heavily-publicized Baccarat game in 2012. Nonetheless, a United States District court proclaimed the poker Hall of Famer a cheater, ruling he obtained an unfair benefit over the house with an edge-sorting strategy that enabled him to see the value of face-down cards.
However the 10-time bracelet winner contends he was only playing by regulations agreed upon by the gambling establishment before the video game. He asserts the details brand of cards used during play– Gemaco– were authorized by the home. Thus, he argues, he didn’t rip off.
Phil Ivey Just Can’t Win These Days
Also when Phil Ivey wins, he loses, obviously. The casino poker tale ran deep in the 2019 WSOP PPC, among the top yearly high roller events. However the profits were, according to court papers, garnished.
During Ivey’s deep run in the PPC, Borgata’s lawyer Jeremy M. Klausner sent an email to Caesars’ legal team. The message, with the subject line reading “Caesars Entertainment/Rio/WSOP Writ of Execution,” asked Caesars to send any money won to Klausner’s client, the Borgata.
Jack Effel, WSOP event director, additionally obtained the writ of execution adhering to Day Three of the PPC. At the time, Phil Ivey was the chip leader. He would certainly go on to end up in eighth place for $124,410.
In the email, Klausner asked Caesars to “please ensure that Caesars/Rio/WSOP does not make any payments to Mr. Ivey in violation of the duly served writ.”
Klausner, who represents Marina District Development Company, LLC, also advised the email recipients that “when the current event is over, we or the U.S. Marshal will provide instructions for payment.”
Following the conclusion of the PPC in June, the money was confiscated and sent to the US Marshals Service.
WSOP Struggles Continue
Phil Ivey went back to the US texas hold’em event scene in 2018 after a multi-year hiatus. As well as his results over the previous 2 years have been mediocre, a minimum of by his soaring standards.
At the 2019 WSOP, Ivey moneyed in simply four occasions. His only remarkable performance was in the PPC. The others were min-cashes for under $5,000 in reduced buy-in tournaments.
Generally Event, Phil busted beforehand Day One after risking his entire stack on a race. That’s uncharacteristic of one of the video game’s all-time greats. Yet if he understood in advance that any kind of jackpots would certainly be garnished, possibly he simply really did not care.