Phil Ivey legal saga with Borgata takes another turn

Phil Ivey Wins $363,650 At 2010 WPT Bellagio Cup VI Main Event

The ongoing legal saga between poker legend Phil Ivey and Atlantic City’s Borgata Casino took another odd turn in late August.

An objection was filed by two poker pros, who claim they staked Ivey in this year’s World Series of Poker.

The legal battle between Ivey and Borgata goes back years, starting in 2014 when Ivey won millions playing baccarat at the Borgata. After it was determined that Ivey won at baccarat by edge sorting (taking advantage of a defect in the playing cards), the courts ordered Ivey to pay back the Borgata $10 million.

The Borgata began to collect on this unpaid debt at this year’s WSOP after Ivey cashed $124,410 by finishing eighth in the $50,000 Poker Player’s Championship. Ivey never saw a cent of that money, as it went directly from the WSOP to the US Marshals Service, which handed it off to the Borgata.

Now Daniel Cates and Illya Trincher want some of the money the Borgata took from Ivey. According to an objection filed by Cates and Trincher’s lawyer in Nevada courts on August 30, Cates and Trincher fully staked Ivey’s buy-in for the $50,000 Poker Player’s Championship.

Under an agreement reached between Cates, Trincher and Ivey, the duo agreed to stake Ivey the full $50,000, and if he cashed, they would receive their $50,000 back, plus half of any profits. According to the objection that amounts to $87,205 of the $124,410 that the Borgata has claimed.

As proof of their objection Cates and Trincher submitted a text history between Trincher and Ivey that outlined the deal.

Other news:   Adam Friedman goes back-to-back at WSOP

Legal minds don’t have a clear answer as to what decision could be made in that case. The Borgata will likely claim that Ivey knew they intended to garnish any of his poker winnings before he entered into the agreement with Cates and Trincher.

It will also likely argue that Ivey’s high-profile legal battle with the Borgata and the Borgata’s subsequent victory would have been well-known by both Cates and Trincher.

The decision in this case could not only set legal precedent for any future similar legal proceedings, but it could also determine if anyone will be willing to stake Ivey in future poker games or tournaments.

If all of Ivey’s winning continue to be taken by the Borgata until his debt is fully paid, the poker legend may find it difficult to get anyone to stake him in the near future.

Poker News
Daniel Negreanu Reflects Upon Worst “Bad Beat” of Career
13 Nov 2019
The operators at the World Series of Poker were left with egg of their face after messing up its Player of the Year award. They erred in awarding the World Series of Poker Player of the Year Award to Daniel Negreanu, when the points total showed Robert Campbell earned the honor. Last week the WSOP
Legionnaires’ Disease at 2017 World Series of Poker Venue
24 Sep 2019
Rumors of the Rio All-Suite Hotel & Casino being sold have dominated poker news sites, message boards, and social media for years. The rumors can finally all be put to bed as Caesars Entertainment Corporation officially announced the sale of the Rio this week. On Monday, September 23 Caesars sent out a release officially announcing
Phil Ivey Biggest Online Poker Loser of 2015
24 Aug 2019
Phil Ivey’s legal saga with the Borgata is finally starting to hit him in the wallet. Reports surfaced earlier this week that the Borgata has successfully garnished Ivey’s winnings from the 2019 World Series of Poker to begin paying back the $10 million they are owed. The legal saga between Ivey and the Borgata stretches
Update Day 1B: WSOP 2010 Main Event Winners And Losers
17 Jul 2019
The second largest main event in World Series of Poker history has been won by Hussein Ensan. The 55-year-old poker player outlasted a field of 8,569 players to wins poker’s biggest prize and $10 million. It was Ensan’s first WSOP win and by far the largest cash of his poker career. Heading into the main