American poker legend Phil Ivey has been under the gun in the recent years due to legal battles he’s gotten himself into for using a controversial method called ‘edge sorting‘ to win massive amounts at the casino game Baccarat.
In February, a New Jersey federal judge gave Borgata Hotel and Casino the green light to go after Ivey’s assets in Nevada in an attempt to collect the approx. $10 million they claim Ivey and his accomplice Cheng Yin “Kelly” Sun associate owe them.
Many believe that Borgata may have ended up empty-handed, as Ivey is known to have moved his worth into different holdings outside the United States. The fact that journalist and 2018 Poker Hall of Fame candidate Haley Hintze just recently revealed that a Borgata attorney attempted to seize the $124,000 Ivey won in Event #58: $50,000 Poker Players Championship is a strong indication that Borgata is getting more desperate.
“It is not known whether the Borgata successfully claimed that $124,000, but in an interesting follow-up, Ivey played only one other event, the $10,000 WSOP Main Event, and busted after just 51 minutes of play. Among several possibilities is that Ivey is playing recklessly, perhaps not minding if he busted, to prevent the Borgata from seizing additional poker winnings.
The end result is that it may be quite some time before Ivey plays another major poker event in Nevada. He is a 10-time WSOP bracelet winner in addition to numerous other titles earned in the state,” wrote Haley Hintze.