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Legal news outlet Law360 reported that according to a Friday letter filed in a New Jersey federal court by the Borgata, the casino and Gemaco have begun “discussing a resolution” of their dispute. The two parties requested 60 days to negotiate the terms of a potential settlement. The letter was filed by the Borgata’s legal team, but it stated that Gemaco attorneys concurred with the settlement request.
The letter was filed days after a US District Judge partially granted the card manufacturer a summary judgment motion, concluding that Gemaco was not to blame for the edge-sorting scheme deployed by Ivey and his companion player Cheung Yin Sun at the Borgata. The two players are also sued by the Atlantic City casino.
In 2012, Ivey and Sun made several visits to the Borgata to play baccarat at the venue. The two players requested a private pit, a Mandarin-speaking dealer, and decks of purple Gemaco cards. They eventually won $9.6 million over eight playing sessions.
The Borgata later on discovered that the two players requested namely purple Gemaco cards because these had tiny discrepancies on their backs. In other words, Ivey and Sun exploited the differences on the cards’ backs to gain advantage over the casino. The technique they used is known in the casino gambling field as edge-sorting.
The Borgata filed a lawsuit against the two players, seeking to recoup the money it had to pay out to Ivey and his companion player plus damages. The casino later on decided to sue the card manufacturer, as well, blaming it for making it possible for players to exploit product defects.
Latest Ruling
However, he pointed out in his latest ruling that it might be premature to grant Gemaco a summary judgment on the casino’s claim that the card manufacturer breached the express warranty that its cards should be fit for use and compliant with the New Jersey Casino Control Act. It will thus be up to the Borgata and Gemaco to negotiate and settle the issue. If they fail to reach an accord, they could seek to resolve the dispute in court.
Even though the Borgata was denied summary judgment on most of its claims, it should be noted that the latest ruling might not be that bad news for the casino in its now four-year long battle to regain the money it paid out to the two players. As mentioned above, Judge Hillman said that Ivey and Sun were to blame for the use of the edge-sorting technique.
The judge ruled against the two players in the fall of 2016, pointing out that the use of the controversial technique breached the player-casino contract between players and New Jersey casinos. Ivey’s legal team also filed a motion for summary judgment so that it is able to appeal that ruling. However, an appeal can be filed only after the Borgata and Gemaco resolve their legal dispute.
The post Borgata Casino and Gemaco Move to Settle High-Profile Dispute Off Court appeared first on Casino News Daily.
The player bagged 3.925 million in chips last night and was the only player to crack the three million mark on Day 2 of the $1,675 buy-in tournament. He cemented his leading position by winning a massive pot during the very last level of play.
This will be Powrie’s first cash from the WSOP Circuit series. And the player has secured an excellent position to add a gold ring to the money. Powrie’s WSOP player record shows that he has a single cash from the WSOP. It dates back to 2013, when the player finished 20th in a $1,500 No-Limit Hold’em event.
As mentioned above, Powrie had 3.295 million in chips at the end of Day 2. The player’s stack was nearly two times larger than that of Barry Hutter who finished second in chips last night with 1.754 million. Hutter has a WSOP gold bracelet and a WSOP Circuit gold ring under his belt.
Benjamin Zamani, proud holder of two pieces of jewelry from the WSOP, bagged the third largest stack last night. The player will enter the tournament’s final day of play with 1.5 million in chips.
As it can be seen, Powrie is set to face quite some contenders for the title and the gold ring.
Tough Competition
Action is set to resume at noon local time today at the host venue. The ten players will play down to a winner. Each of the survivors is guaranteed a minimum payout $14,347. Needless to say, sights are set on the gold ring for the winner and first-place prize of $192,152 that goes with it.
The event’s champion will also earn a seat into the season-ending Global Casino Championship. The player who is crowned the Global Casino Champion will be awarded a WSOP gold bracelet. The prestigious event will take place on August 7-9 at Harrah’s Cherokee in North Carolina.
The Planet Hollywood Main Event attracted a large field of 870 entries, who generated a prize pool of $915,000. The money was split into 63 payouts. The money bubble burst on Sunday, with Steve Miller becoming the unfortunate bubble boy. The player departed in 64th place after failing to hold up against final tablist Hank Mlekoday in an all-in confrontation. Mlekoday eventually secured a spot among the final ten, although he will enter the Day 3 eighth in chips with 635,000.
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Richard Branson has acquired the Hard Rock Hotel and Casino in Las Vegas for an undisclosed amount of money.
The post Hard Rock LV gets new owner appeared first on Focus Gaming News.
The second of two starting flights was completed on Saturday at the host venue. Vornicu bagged 300,000 chips Saturday night to lead a pack of 113 hopefuls who survived the event’s two starting fights to advance into Day 2.
Vornicu is tied with Maurice Hawkins with ten gold rings from the WSOP Circuit series, and the player positioned himself very well to win a record-breaking eleventh piece. The player is set to return to Planet Hollywood today at noon local time together with the other remaining hopefuls. Ten more 60-minute levels will be played so tha the field to be reduced further.
The Planet Hollywood Main Event drew 260 entries during Day 1A and 610 more during Day 1B. An overall field of 870 entries was thus generated across the two starting flights. The tournament entries created a prize pool of $915,000, which will be distributed to the top 63 finishers. This means that the money bubble is set to burst at some point today.
Notable Survivors
Barry Hutter, Jared Jaffee, Ankush Mandavia, and Mohsin Charania are few of the former WSOP gold bracelet winners who secured a spot among the Day 2 survivors. Former WSOP Main Event Champion Ryan Riess is too still in contention.
There are also some WSOP Circuit notables who survived that initial stage of the tournament, including Dyan Wilkerson, Brett Murray, and Wendy Freedman. They are all former WSOP Circuit gold ring winners.
Former WSOP Main Event Champion Kevin MacPhee was not lucky enough to survive into Day 2. The player was joined on the rail by David Baker, Larry Wright, and Scott Clements, among others.
As mentioned above, bursting the money bubble would be on the top of the remaining survivors’ agenda for Day 2 of the Main Event. Only the top 63 performers will leave with a share of the prize pool. Minimum cashes start from $2,992. The winner will receive the total amount of $192,152, a gold ring and a seat into the Global Casino Championship. The season-ending event is set to take place in August at Harrah’s Cherokee in North Carolina. Its participants will contend for the Global Casino Champion title as well as for a WSOP gold bracelet.
But as the WSOP Circuit has a few more steps to complete before wrapping its 2017/2018 season, sights are now and for now set on those.
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