Borgata Wins Motion on Ivey Assets

Atlantic City’s Borgata casino has won a motion allowing it to seek out assets of professional poker player Phil Ivey (l.) in Nevada. The casino is still owed $10.6 million form Ivey stemming from a card sorting judgment against the player. The Borgata has not been able to find substantial holdings of Ivey in New Jersey.

Borgata Wins Motion on Ivey Assets

The Borgata Casino in Atlantic City will be able to seek out assets belonging to poker pro Phil Ivey in Nevada as it seeks a $10,6 million judgement against the player a federal judge has ruled.

The casino is still owed $10.16 million from Ivey after winning a lawsuit in 2016 for baccarat winnings Ivey and his partner, Cheng Yin Sun, won in 2012. The two used a practice called “edge sorting” which allowed them to spot defects on the backs of cards to gain an advantage on the house.

Ivey and Sun won about $9.6 million from the Borgata’s baccarat tables and Ivey won another $500,000 victory at the craps table. Judge Noel Hillman ruled Ivey had to return the $10.16 million in winnings.

The casino, however, could no find substantial assets belonging to Ivey in New Jersey and filed a motion to seek out Ivey’s assets in Nevada. The casino said it identified assets of about $100 million in Nevada.

Hillman signed the order last month and Ivey’s lawyers reportedly did not protest the decision.