{"id":41848,"date":"2016-11-10T18:00:30","date_gmt":"2016-11-11T02:00:30","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=41848"},"modified":"2016-11-10T14:36:40","modified_gmt":"2016-11-10T22:36:40","slug":"borgata-seeking-15-5-million-phil-ivey-edge-sorting-case","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/borgata-seeking-15-5-million-phil-ivey-edge-sorting-case\/","title":{"rendered":"Borgata Seeking $15.5 Million from Phil Ivey in Edge-sorting Case"},"content":{"rendered":"
\"Borgata
Phil Ivey could be hit with a $15.5 million bill from the Borgata if the court swallows a specious \u201cexpectation damages\u201d claim. (Image: YouTube.com)<\/figcaption><\/figure>\n

The Borgata casino in Atlantic City<\/a> is seeking $15.5 million from Phil Ivey after a federal judge ruled last month that the poker player was in breach of his contract with the casino during four sessions of mini-baccarat in 2012.<\/p>\n

Ivey and his accomplice Cheng Yin Sun \u201cwon\u201d $9.6 million using a practice known as edge-sorting, in which a player can turn the odds in their favor by identifying tiny discrepancies in symmetry on the backs of cards.<\/p>\n

Ivey and Sun have never denied edge-sorting but claim they won the games without cheating, using skill. The Borgata disagreed and sued for its money back, claiming fraud.<\/p>\n

$249,000 in Comps<\/b><\/h2>\n

Last month\u2019s judicial decision cleared the pair of fraud but ruled that they were in breach of contract with the Borgata. The judge also said they had violated New Jersey\u2019s Casino Control Act by adjusting the odds of baccarat in their favor.<\/p>\n

The Borgata was asked to submit a new brief outlining damages resulting from the breach of contract and its preferred judgement. In the brief, filed to the court on Wednesday, the casino says, firstly, it wants the disputed funds returned.<\/p>\n

This has become a larger figure of $10.1 million, presumably because it includes interest.<\/p>\n

\n

The Borgata<\/a> is also seeking $249,000 on top of that, which represents the players\u2019 comps during the four sessions. Either some private jets were involved or they were drinking Chateau Margaux by the bath-load.<\/strong><\/p>\n<\/blockquote>\n

Expectation Damages<\/b><\/h2>\n

And lastly, it\u2019s also claiming something called “expectation damages,” to the tune of $5.4 million. This is a bold one: the Borgata believes that had Ivey and Sun been playing the sessions without edge-sorting they would have lost $5.4 million, according to the expected value of the mathematical house edge.<\/p>\n

From NJ.COM:<\/p>\n

In April 2012, Ivey played 1,180 hands with an average bet of $25,000.<\/i><\/p>\n

In May 2012, it’s 4,215 hands with an average bet of $36,000.<\/i><\/p>\n

In July 2012, it’s 1,373 hands with an average bet of $93,000.<\/i><\/p>\n

In Oct. 2012, it’s 1,850 hands with an average bet of $96,000.<\/i><\/p>\n

The Borgata will have a hard time justifying this one, since it\u2019s unlikely that Ivey and Sun would have been playing the games without their edge, at least for the above stakes.<\/p>\n

And since Ivey and Sun were<\/i> edge-sorting, the casino is essentially claiming losses that don\u2019t exist on a game that was never played, and we can\u2019t imagine that sits well with New Jersey\u2019s Casino Control Act either.<\/p>\n

The likelihood, of course, is that the Borgata isn\u2019t expecting to receive its expectation damages but is simply bidding as high as it possibly can in an attempt to guarantee the highest possible settlement.<\/p>\n

Ivey and Sun\u2019s legal team has 20 days to respond to the Borgata brief.\u00a0 \u00a0 \u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Borgata casino in Atlantic City is seeking $15.5 million from Phil Ivey after a federal judge ruled last month that the poker player was in breach of his contract with the casino during four sessions of mini-baccarat in 2012. Ivey and his accomplice Cheng Yin Sun \u201cwon\u201d $9.6 million using a practice known as […]<\/p>\n","protected":false},"author":42,"featured_media":41849,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11,60],"tags":[],"acf":[],"yoast_head":"\nBorgata Seeking $15.5 Million from Phil Ivey in Edge-sorting Case<\/title>\n<meta name=\"description\" content=\"Phil Ivey could be presented with a $15.5 Million bill by Borgata, which would include $5.4 million in expectation damages.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Borgata Seeking $15.5 Million from Phil Ivey in Edge-sorting Case\" \/>\n<meta property=\"og:description\" content=\"Phil Ivey could be presented with a $15.5 Million bill by Borgata, which would include $5.4 million in expectation damages.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/borgata-seeking-15-5-million-phil-ivey-edge-sorting-case\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2016-11-11T02:00:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-11-10T22:36:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/11\/2893.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"751\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/borgata-seeking-15-5-million-phil-ivey-edge-sorting-case\/\",\"url\":\"https:\/\/www.casino.org\/news\/borgata-seeking-15-5-million-phil-ivey-edge-sorting-case\/\",\"name\":\"Borgata Seeking $15.5 Million from Phil Ivey in Edge-sorting Case\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/borgata-seeking-15-5-million-phil-ivey-edge-sorting-case\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/borgata-seeking-15-5-million-phil-ivey-edge-sorting-case\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/11\/2893.jpg\",\"datePublished\":\"2016-11-11T02:00:30+00:00\",\"dateModified\":\"2016-11-10T22:36:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Phil Ivey could be presented with a $15.5 Million bill by Borgata, which would include $5.4 million in expectation damages.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/borgata-seeking-15-5-million-phil-ivey-edge-sorting-case\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/borgata-seeking-15-5-million-phil-ivey-edge-sorting-case\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/borgata-seeking-15-5-million-phil-ivey-edge-sorting-case\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/11\/2893.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/11\/2893.jpg\",\"width\":751,\"height\":500,\"caption\":\"Phil Ivey could be hit with a $15.5 million bill from the Borgata if the court swallows a specious \u201cexpectation damages\u201d claim. 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