Sign in to comment!

Menu
Home

U.S.

New Jersey's Borgata claims self-described 'greatest' gambler won $9.6M by cheating at cards

An Atlantic City casino is suing a big-time gambler, claiming he won $9.6 million in a card-cheating scheme.

The Borgata filed a federal lawsuit Tuesday against Phillip Ivey Jr., who calls himself the greatest gambler of all time.

The suit alleges Ivey and an associate exploited a defect in cards made by a Kansas City manufacturer that enabled them to sort and arrange so-called "good cards" and gave him an unfair advantage in Baccarat.

The casino claims the technique, called "edge sorting," violates New Jersey casino gambling regulations.

A message left with a lawyer who previously represented Ivey was not immediately returned Friday. Ivey's website did not include a contact email or a phone number.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.79% dw 3.82%  
15 Y Fixed Graph 3.02% -- 3.02%  
30 Y Fixed Jumbo Graph 4.10% up 4.08%  
5/1 ARM Graph 3.14% up 3.13%  
5/1 Jumbo ARM Graph 3.18% dw 3.50%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.60% dw 4.61%  
$50K HELOC Graph 4.09% dw 4.10%  
$30K Loan Graph 4.90% dw 4.91%  
$50K Loan Graph 4.35% up 4.34%  
$75K Loan Graph 4.36% up 4.35%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.72% dw 2.74%  
36 M Used Graph 3.21% dw 3.22%  
48 M New Graph 2.97% up 2.96%  
48 M Used Graph 2.76% up 2.74%  
60 M New Graph 3.11% up 3.10%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.38% -- 0.38%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.47% -- 1.48%