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Borgata Casino Files Federal Lawsuit Against Phil Ivey

Borgata Casino Files Federal Lawsuit Against Phil Ivey

The Borgata Hotel Casino & Spa in Atlantic City has filed a federal lawsuit against poker star Phil Ivey claiming that he won $9.6 million in a card-cheating scheme in baccarat.

Borgata Casino Files Federal Lawsuit Against Phil Ivey

The Borgata has filed a lawsuit claiming that Phil Ivey won $9.6 million at baccarat by cheating.

The lawsuit claims that Ivey and an associate made use of a defect in the playing cards that enabled them to sort and arrange good cards in baccarat. The casino is saying that the technique gave him an unfair advantage on four occasions between April and October 2012.

Both the casino’s senior vice president, Joe Lupo, and Ivey’s lawyer have declined to comment so far.

The casino claims that the cards were defective as the pattern on the back of them was not uniform. The cards have rows of small white circles designed to look like the tops of cut diamonds.

However, the casino claims that some of them only had a half or quarter diamond.

The lawsuit says that Ivey was able to instruct the dealer to flip cards in a particular direction depending on whether it was a desirable card or not. This way, after several hands, the good cards were arranged in a certain order with the irregular side of the card facing a specific direction. This allowed Ivey to spot them when they came out of the dealer chute.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.