Phil Ivey's backers want their money.. - Sportsbook Review Forum

sweep

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#1

Phil Ivey's backers want their money..

09-10-19, 10:04 PM

possible loop hole in Nevada with a law that allows & recognizes staking deals....Technically the Borgata confiscated the investors money and not Iveys....

Phil Ivey’s Backers Dan Cates, Illya Trincher Seeking Their Share Of World Series Of Poker Winnings - Poker News

https://www.cardplayer.com/poker-news/24259-phil-ivey-s-backers-dan-cates-illya-trincher-seeking-their-share-of-world-series-of-poker-winnings

A couple of weeks ago, reports surfaced that Phil Ivey’s eighth-place cash of $124,410 in the 2019 WSOP was confiscated by US Marshals as payment towards the more than $10 million he owes an Atlantic City casino. The 10-time WSOP bracelet winner, along with his partner ‘Kelly’ Cheng Yin Sun, beat Borgata out of $9.6 million in a high-stakes baccarat session in 2012. Two years later, the casino realized that the duo was using a technique called ‘edge sorting,’ where they would be able to spot defects on the back of cards. Ironically, the manufacturer of the spotty cards was only liable to pay $27, while a judge ordered Ivey to pay $10.1 million back to the casino, a number that includes a $500,000 win at the craps table. Now, two poker players are saying that they are entitled to their portion of Ivey’s winnings. Dan Cates, better known to viral music video fans as Jungleman, and fellow high-stakes poker pro Illya Trincher, reportedly put up Ivey’s $50,000 buy-in in the Poker Players Championship event, agreeing to split the profits....
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RangeFinder

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#2

09-10-19, 10:10 PM

Good luck with that. Without a written contract it won't hold water in court.
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sweep

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#3

09-10-19, 10:48 PM

Originally posted by RangeFinder

Good luck with that. Without a written contract it won't hold water in court.

100% there was a written contract with those 3
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playersonly69

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#4

09-11-19, 12:04 AM

100% that Ivey was NOT backed at all in this tournament. Otherwise we would have hear much sooner than now. HE is grasping at straws. HE was NOT backed
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sweethook

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#5

09-11-19, 02:00 AM

that boy as seen better days
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Crusherrr

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#6

09-11-19, 08:55 AM

Didn't know Ivey was backed by the Russian mob. The Trincher family isn't one I'd want to be taking money from that's for sure.
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Sam Odom

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#7

09-11-19, 08:58 AM

The Tiger Woods of Poker

NOT
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