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 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.