Famous Poker Player Sued for Cheating Casino Out of $9.6M
J Thoendell stashed this in Crime
An Atlantic City casino is suing a big-time gambler, claiming he won $9.6 million in a card-cheating scheme in baccarat.
The Borgata Hotel Casino & Spa filed a federal lawsuit Tuesday against Phillip Ivey Jr., considered one of the best poker players in the world.
The lawsuit alleges Ivey and an associate exploited a defect in cards made by a Kansas City manufacturer that enabled them to sort and arrange good cards in baccarat. The technique gave him an unfair advantage on four occasions between April and October 2012, the casino asserted in its lawsuit.
The casino claims the technique, called edge sorting, violates New Jersey casino gambling regulations.
Phillip Ivey IS one of the best poker players in the world.
If it's true, it speaks to what high stakes poker has become.