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Judge Rules Ivey Broke Contract, No Fraud in $9m Borgata Case
A judge in New Jersey has finally ruled on Phil Ivey's lingering $9m lawsuit with the Borgata in Atlantic City over his edge-sorting exploits back in 2012.
Ivey and his partner, Cheng Yin Sun, did not commit fraud, as the Borgata alleged, when the two took the casino for $9.6m over several specifically arranged baccarat sessions.
They did however, says U.S. District Judge Noel Hillman, breach their contract with the casino by exploiting manufacturer defects in the playing cards to win.
What does it all mean? We'll know in 20 days. Or not.
20 Days to File Order, 20 Days to Respond
Despite not "winning" its lawsuit per se to recoup all of the money Ivey and Sun won the Borgata now can pursue damages.
How much those damages might be are still to be determined.
Judge Hillman determined that edge-sorting "violated the language of the state's Casino Control Act" and that Ivey and Sun "altered the odds in their favor in violation of the act."
Therefore, the Borgata has a legitimate claim to repayment of the money.
Hillman gave Borgata 20 days to file an order outlining the amount of funds it wants back. Ivey and Sun will then have 20 days to respond.
"We appreciate the court's thoughtful decision," said Borgata counsel Joseph Corbo in a statement, "validating our claims that we were harmed by defendants' actions."
Ivey's lawyer, on the other hand, emphasized the "loud and clear" ruling that Ivey and Sun committed no fraud.
Ivey is also currently involved in an appeal of his lawsuit against Crockfords Casino in London after it withheld £7.8m the two similarly won playing baccarat there.