This argument steams me. The payout of a tournament should never be considered a "cost" to the casino. The aggregate amount of money, consisting of the tournament entry fee (not the $60 that was paid as a fee) belongs to the players that entered the tournament. The casino is holding it until it is distributed. Just like in the Full Tilt fiasco, it would be paramount to mixing everyone's money with there own.

The $60 fee the casino gets, should be used to offset the expense of running the tournament. What they do with it is up to them. From reading these posts, the people they put in charge to administer the tournament did not do the job they were expected to do, starting with putting dealers in place that not only were not experienced in dealing, but more importantly in this instance, not recognizing chips that did not belong in the tournament. If these casino reps (dealers) were primarily dealers from other games in the casino and were trained in other games, do you think they would recognize quickly a bet that was made by a non accepted chip? Do you think the pit boss overseeing the pit game would maybe notice a foreign chip? You think the eye in the sky might have something to say about an off colored chip. That is what the players that paid their vig for, to expect is to go to a game that would be watched for fairness to all. Epic fail by the Borgata. They allowed themselves to be victimized. Like the kid that killed his parents and pleaded for mercy from the court because he was an orphan.

I think borgata will make it right (assuming DGE allows them to make the decision for the remaining prize pool at least). Most likely an ICM chop and some sort of comps/refunds for the bust out players for goodwill. Even though we all know most of the players that played in the tournament never played a hand with the cheater at the table.

You should never accept a 27th payout. I know one of the remaining players and they already have a lawyer ready to go in case that does happen. I believe he has been communicating with some of the other players remaining so they are ready to take it court as well if borgata does not make it right.

Source?

Quote me correctly please and not leave out where I asked where the financial loss was. I know people have been paid obviously but that doesn't come from borgata the players created the prize pool.

The bolded makes no sense it's the prize pool the players created.

Borgata knew the risk and could of taken extra precautions. if borgata is a victim, the players are as well.

I think most players would be happy with a refund that's the only cost they are facing I doubt they give comps and that's a minimal cost for them because ayers will also gamble if they come to use the comps.

Lawyer is a minimal cost.

New procedures a minimal cost.

Has anything wrt the final 27 players' money? Any decision or chip chop? Were they paid out?

Heck, I'm thinking of making a claim against the Borgata because due to their lack of security this thread was created, and that has lead to me having to read about 100 posts from ChipKatcher. And that can't be good for my brain.

Don't read?

That's net, not gross. Let's say your room is lucky enough to have one table that generates that per year.

Subtract the dealer cost, lights, security, floor staff, heating, wait staff, chips, table maintenance, chairs and their maintenance, bravo (or similar system), restrooms, cleaning staff, and the myriad of other little costs associated with keeping a room open for that one table.

Then factor in the costs of the tables that sit empty 75% or more of that same year that incurs costs just for being set up.

Poker is to casinos what the ethnic food aisle is to a grocery store. It brings in a particular group of customers that are looking for a specific item that can pay for itself to be there and generate a bit of profit for the space it takes up. But they hope you bring a friend that spends time in the rest of the store and that on the way out you also want to buy some ice cream and chips.

someone please wake me up when a decision is made and published. until then pretty much this....

I assume whoever told you that lives in Colorado where weed was recently legalized, cuz they are obviously high on something

Anyone can lawyer up for anything. Doesn't mean you are going to win.

If this is a new thought for you, I'd say cash the check and be happy you got that much.

If you haven't already at least consulted a lawyer to explore your options by this time you're a fool. Consulting with a lawyer will typically be free to at least find out if you're talking to the right firm about the potential case. Then depending on where you expect to be paid out its probably worth a couple bucks to the suit to ensure that he's ready to take on your case if you don't get what you think is fair from Borgata.

Check won't go bad talk to a lawyer first. I remember hearing something by accepting a check you accept that's payment or something.

xxx:

I don't know where this "typical busy poker table" that you speak of exists. There have been many occasions when I've dropped in on a poker room over in Tunica and waited for hours for enough people to show up to start a table. (Maybe I should consider moving to LA or Vegas ...)

Or to AC or Foxwoods !

lol tunica

Well said. I was about to write a similar post (only with an example of an unlocked house, not car) but you said it better than I would have.

I'm the first to say that our modern society's blame-the-victim tendencies can go overboard at times, but in this case, I do feel it's appropriate. Yes, the Borgata IS a victim, particularly in relation to Lusardi's actions. But they also had a duty of care to their patrons, and they very arguably fell short in exercising it.

And I share pokervangelist's confusion as to why this is taking so long. Each time this thread gets bumped to the top I expect to see some new developments. Instead, I see people rehashing old news. Which I've done just now.

If any news or solution does not comes out by the weekend,then I am guessing it is not coming out until after Borgata Spring Open/WPT is over.

Looks like interested parties are working together to protect their ends.!!

Again no inside informations just it looks like that way !

For the benefit of both the group ( 4812 and lucky or unlucky 27 ) I hope I am wrong.

Well, you removed the part of the quote that showed how the prize pool has been double-allocated by the people in this thread such as ChipKatcher (who I was replying to), so I can understand how you misfired here. Did you not read it, or not understand it? Whatever, since you misunderstood, obviously the rest of the post isn't relevant, since you're arguing against your own strawman.

Here's the quote in context, on the chance that you're not trolling, but just struggling a bit on the critical reading front:
There, I bolded it to help you out. Now you can rethink your response.

And ChipKatcher makes the same erroneous point as you did - and he's one of the guys trying to double or triple allocate the prize pool. He's on record as advocating full refunds for even those players who were provably unaffected, lol. That kind of opportunistic grabbing for undeserved cash will hurt everyone.

Part of the legal question will be whether Borgata was negligent in some way, or whether their tournament management was reasonable and up to industry standard. I don't have an opinion on this, but so far I've seen nothing that couldn't happen to any poker tournament. You feel Borgata was negligent, and you are advocating for full refunds, even for those players who couldn't possibly have been affected, because they busted out on day one in sections other than Lusardi's.

Were you one of those unaffected busted out players? If so, could the opportunity for a potential windfall refund be biasing your opinion?

Of course, both Borgata and the players were victims of this cheating. I don't think any reasonable person would disagree with that.

Not sure if it is still the same today but back in late 05 I started going to Tunica after Katrina hit the Gulf. I have played poker all over the USA and I have never had as much fun as I did playing in the 20/40 game at The Horseshoe. Game ran 24/7 and was action packed. I remember Sandy (older gentleman who hung out with the Rat Pack in his early days) would tell stories all day long until he got tipsy. Good times were had in Tunica.

These counterfeit chips were in play...They were at the table I moved to. The stacks at the table were unreal. I was affected by the bullying. Big raises every single hand. I folded a set because of the action. I was truly astounded by the amount everyone had at the table.

And if that is the case, I'm guessing that their numbers will be way down.

Even without the counterfeiting stuff, the quality went down in the Winter Open and there is really not anything too exciting on that schedule. Yeah they have the 15K, but I'm not playing that and they dumped the HORSE and obviously refuse to try anything like an 8 Game or a Draw Mix.

Instead, I'm just planning on an extended WSOP trip. Hit up the Dealer's Choice, the Monster Stack etc

if they icm the final 27 .then they should have them icm lusardi"s $300000 bail and stuff him down borgata"s toilet

if the borgata allowed themselves to be victimized so did the players.
when i first heard about this i figured they had to be great counterfeit chips and I couldn't believe it when I saw they weren't remotely the same color.there are 9-10 times more players than dealers so how didn't the players notice for so long?it's actually easier to notice fake chips as a player than it is as a dealer.