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Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT*

03-15-2014 , 10:42 PM
Quote:
Originally Posted by Oneof27
You must be an expert in gaming law...I am glad you were able to offer you very insightful expert opinion on these matters....but I am pretty sure you will be disappointed when you look around and realize that you are still living in your parents basement and you are not getting a refund
I wish I was still living in my parent's basement. But then again, I never did live in my parent's basement. In fact, my parents don't have a basement. There are no basements in Florida. And, because you make such lousy reads on people, please come to Florida with whatever meager bankroll you have. I could use another five bucks.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-16-2014 , 07:31 AM
Quote:
Originally Posted by Pair Draw
I'm one of the final 27 too. They need to come to a decision really soon because my patience is running out. This wait is ridiculous. Waking up every god damn day with this on my mind is driving me insane. Buy-ins back to those who busted or not, they really need to do right by the final 27. At this point, I don't care if it's an ICM chop, pay-out based on what place we are currently in or an even chop. I'm hopeful that the result is one of the three choices.... If not, this will be a huge disgrace to the poker community.
Why would it be huge disgrace to the PC?
People lost millions on the Full Tilt scandal, and its been largely forgotten.
I believe 27th place money is all you can expect at this point unless they can rule out cheaters in the remaining 27.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-16-2014 , 02:01 PM
Actually players effectively lost no money from the FTP scandal.... other than interest lost

Sent from my SCH-I535 using 2+2 Forums
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-16-2014 , 02:07 PM
Quote:
Originally Posted by Mattraq1
Actually players effectively lost no money from the FTP scandal.... other than interest lost

Sent from my SCH-I535 using 2+2 Forums
If you look at the numbers in the FT threads, this is completely untrue.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-16-2014 , 02:22 PM
Quote:
Originally Posted by therealsaltydog
Why would it be huge disgrace to the PC?
People lost millions on the Full Tilt scandal, and its been largely forgotten.
I believe 27th place money is all you can expect at this point unless they can rule out cheaters in the remaining 27.
Guilty unless/until proven innocent?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 10:54 AM
Given the ridiculous amount of time it is taking for a resolution I've reopened.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 11:18 AM
Quote:
Originally Posted by Professionalpoker
Given the ridiculous amount of time it is taking for a resolution I've reopened.
Has anyone followed up? Is there a standard response from Borgata?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 11:40 AM
Would be funny if the Borgata knew this thread was closed and thought it bought them time because it wouldn't be a constant reminder every day
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 01:03 PM
Sickening already. Will not step foot in Borgata until this is resolved. Dont care what tournament they are hosting. There are many more tournaments I will participate in and none will be at the Borgata. Sorry Borgata and New Jersey Gaming division...You guys are doing a horrific job.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 01:22 PM
Quote:
Originally Posted by sheetsworld
Has anyone followed up? Is there a standard response from Borgata?
I called and emailed NJDGE .
I called and emailed Governors office.

No response . Zero.

Looks like something in fix. Politician are working hard to protect poor billion $$ corporation with the help of NJDGE
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 02:19 PM
Quote:
Originally Posted by Professionalpoker
Given the ridiculous amount of time it is taking for a resolution I've reopened.
It's not that ridiculous when you consider all the competing interests at play.

(1.) A lawsuit has already been filed - with the prospect of more to come.
(2.) The final 27 players have an interest - as in a [potential] $372,000 interest that was subverted by Mr. Lusardi and the cancellation decision by the NJDGE. If the eventual "resolution" handed down by the NJDGE and the Borgata is not considered "fair" by any of the 27, that's another lawsuit.
(3.) This case will likely set precedent as new regulations imposed on the operators to prevent cheating - or make cheating much more difficult to get away with - will surely follow. Such new regulations will not only affect the Borgata and New Jersey operators, but will likely be adopted in Nevada, California, Mississippi and all the other states where brick & mortar poker rooms are legal.
(4.) Business insurers may be balking. Large corporations such as Borgata carry liability policies that protect them against multi-million dollar judgments which could arise from a case like this. If insurers are unable to quantify the degree of risk and their [potential] exposure, they'll withdraw from the market. If operators are unable to obtain protection, they'll be forced to discontinue large-field MTTs. That decision would be forced on them as part of their fidicuary duty to their shareholders.
(5.) The operators and their licensing authority (the state) have both mutual interests and competing interests in this matter.

You can bet that intense discussions are going on between lawyers and executives representing the operators and regulators representing the state of New Jersey. The operators primary interest is in keeping the cost of added security as low as possible while the state of New Jersey is greatly interested in assuring gambling patrons, especially "casual" gaming patrons, that the games are fair. The state of New Jersey wants to protect the stream of tax revenue coming from the tables. Cheating scandals like this shake public confidence that regulators are doing their job. If the perception takes hold that regulators (and operators) are not doing their job, the stream of tax revenue going to the state will dry up. If that were to happen, politicians would either have to raise taxes or cut services to their constituents - a very unappealing prospect to the pols. From the perspective of the politicians and the regulators, this is the kind of thing that has to be nipped in the bud.

The primary issue will boil down to: "How much [additional] game security is appropriate - and at what cost?" The dilemma in adding costly new game security measures is: "At what point do you kill the goose that layed the golden egg?" If new security measures wind up doubling tournament entry fees from 10 percent to 20 percent, how many players will conclude that entering large-field MTTs is no longer worth the risk?

If the NJDGE gets this wrong, they could wind up destroying large-field MTTs - not to mention the tax revenues that derive from such. That's why this is taking so long.

Last edited by Alan C. Lawhon; 03-28-2014 at 02:37 PM. Reason: Minor edit.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 02:38 PM
Tldr plus its alan
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 03:05 PM
Quote:
Originally Posted by Alan C. Lawhon
It's not that ridiculous when you consider all the competing interests at play.

(1.) A lawsuit has already been filed - with the prospect of more to come.
(2.) The final 27 players have an interest - as in a [potential] $372,000 interest that was subverted by Mr. Lusardi and the cancellation decision by the NJDGE. If the eventual "resolution" handed down by the NJDGE and the Borgata is not considered "fair" by any of the 27, that's another lawsuit.
(3.) This case will likely set precedent as new regulations imposed on the operators to prevent cheating - or make cheating much more difficult to get away with - will surely follow. Such new regulations will not only affect the Borgata and New Jersey operators, but will likely be adopted in Nevada, California, Mississippi and all the other states where brick & mortar poker rooms are legal.
(4.) Business insurers may be balking. Large corporations such as Borgata carry liability policies that protect them against multi-million dollar judgments which could arise from a case like this. If insurers are unable to quantify the degree of risk and their [potential] exposure, they'll withdraw from the market. If operators are unable to obtain protection, they'll be forced to discontinue large-field MTTs. That decision would be forced on them as part of their fidicuary duty to their shareholders.
(5.) The operators and their licensing authority (the state) have both mutual interests and competing interests in this matter.

You can bet that intense discussions are going on between lawyers and executives representing the operators and regulators representing the state of New Jersey. The operators primary interest is in keeping the cost of added security as low as possible while the state of New Jersey is greatly interested in assuring gambling patrons, especially "casual" gaming patrons, that the games are fair. The state of New Jersey wants to protect the stream of tax revenue coming from the tables. Cheating scandals like this shake public confidence that regulators are doing their job. If the perception takes hold that regulators (and operators) are not doing their job, the stream of tax revenue going to the state will dry up. If that were to happen, politicians would either have to raise taxes or cut services to their constituents - a very unappealing prospect to the pols. From the perspective of the politicians and the regulators, this is the kind of thing that has to be nipped in the bud.

The primary issue will boil down to: "How much [additional] game security is appropriate - and at what cost?" The dilemma in adding costly new game security measures is: "At what point do you kill the goose that layed the golden egg?" If new security measures wind up doubling tournament entry fees from 10 percent to 20 percent, how many players will conclude that entering large-field MTTs is no longer worth the risk?

If the NJDGE gets this wrong, they could wind up destroying large-field MTTs - not to mention the tax revenues that derive from such. That's why this is taking so long.
Hope you don't seriously believe it is getting this much attention.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 03:34 PM
Have any of the 27 tried to file a claim against Borgata's insurance carrier?

Have any of the 27 tried to organize a protest at the Borgata? Perhaps at the upcoming WPT Championship?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 03:44 PM
Quote:
Originally Posted by darthsikle
Have any of the 27 tried to file a claim against Borgata's insurance carrier?

Have any of the 27 tried to organize a protest at the Borgata? Perhaps at the upcoming WPT Championship?
Funny !! But unique idea.

Picket line with remaining 27 players standing out side the poker room with some kind of posters !!
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 03:53 PM
Why was this unlocked? Nothing new on the horizon
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 04:10 PM
Quote:
Originally Posted by doublejoker
Why was this unlocked? Nothing new on the horizon
If that's true, then that would be news in itself. At the time this thread was locked, no one knew what was on the horizon, nor could we even tell how far that horizon was. At least your statement would confirm that there is nothing new (as opposed to not knowing in any way) and would suggest that you know for how long there will be no new developments.

But seriously...

Though I have no direction involvement in this fiasco, I don't mind seeing this thread reopened. If nothing else, it allows those affected to have a place to check in. At its best, it could be a headquarters of sorts for the players to take some action.

I just hope this "second chance" will make some people reconsider when lowering themselves to ad hominem attacks, which is what truly seemed to close the thread.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 04:14 PM
Quote:
Originally Posted by Professionalpoker
Given the ridiculous amount of time it is taking for a resolution I've reopened.
It was locked because there was nothing new to report.

There's still nothing new to report so its reopened?

That doesn't make sense.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 04:52 PM
Quote:
Originally Posted by Alan C. Lawhon
It's not that ridiculous when you consider all the competing interests at play.

(1.) A lawsuit has already been filed - with the prospect of more to come.
(2.) The final 27 players have an interest - as in a [potential] $372,000 interest that was subverted by Mr. Lusardi and the cancellation decision by the NJDGE. If the eventual "resolution" handed down by the NJDGE and the Borgata is not considered "fair" by any of the 27, that's another lawsuit.
(3.) This case will likely set precedent as new regulations imposed on the operators to prevent cheating - or make cheating much more difficult to get away with - will surely follow. Such new regulations will not only affect the Borgata and New Jersey operators, but will likely be adopted in Nevada, California, Mississippi and all the other states where brick & mortar poker rooms are legal.
(4.) Business insurers may be balking. Large corporations such as Borgata carry liability policies that protect them against multi-million dollar judgments which could arise from a case like this. If insurers are unable to quantify the degree of risk and their [potential] exposure, they'll withdraw from the market. If operators are unable to obtain protection, they'll be forced to discontinue large-field MTTs. That decision would be forced on them as part of their fidicuary duty to their shareholders.
(5.) The operators and their licensing authority (the state) have both mutual interests and competing interests in this matter.

You can bet that intense discussions are going on between lawyers and executives representing the operators and regulators representing the state of New Jersey. The operators primary interest is in keeping the cost of added security as low as possible while the state of New Jersey is greatly interested in assuring gambling patrons, especially "casual" gaming patrons, that the games are fair. The state of New Jersey wants to protect the stream of tax revenue coming from the tables. Cheating scandals like this shake public confidence that regulators are doing their job. If the perception takes hold that regulators (and operators) are not doing their job, the stream of tax revenue going to the state will dry up. If that were to happen, politicians would either have to raise taxes or cut services to their constituents - a very unappealing prospect to the pols. From the perspective of the politicians and the regulators, this is the kind of thing that has to be nipped in the bud.

The primary issue will boil down to: "How much [additional] game security is appropriate - and at what cost?" The dilemma in adding costly new game security measures is: "At what point do you kill the goose that layed the golden egg?" If new security measures wind up doubling tournament entry fees from 10 percent to 20 percent, how many players will conclude that entering large-field MTTs is no longer worth the risk?

If the NJDGE gets this wrong, they could wind up destroying large-field MTTs - not to mention the tax revenues that derive from such. That's why this is taking so long.

ive played in a bunch of tournies in other places since Borgata and basically not much has changed. hopefully, it stays this way. one of the places just counted the chips on the break.

i don't think borgata or any other venue ever promised complete security or a guarantee that someone could not cheat.

having procedures in place if cheating is discovered and offering slightly more security is all that is really necesary.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 05:20 PM
Quote:
Originally Posted by Professionalpoker
Given the ridiculous amount of time it is taking for a resolution I've reopened.

PP, you rickrolled me!
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 05:25 PM
some 1 on twitter has stated NJ DGE has made ruling and going to release info soon anyone else here anything
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 05:29 PM
Anyone else shocked that borgata is running another big tournament with no resolution its unreal 1 that WPT would stand behind this and 2 that players would still feel the need too play in these event 3 that DGEwould allow them to run another big event while this still hangs out there just a thought its all too crazy
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 05:33 PM
The guy who was 2nd or 3rd in chips at the time of the cancelation won a ME in Chicago recently...Nick Guarganti...
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 05:34 PM
Quote:
Originally Posted by doublejoker
Why was this unlocked? Nothing new on the horizon
i think NJ DGE may have made a ruling from what I have been hearing on twitter but could be bull**** not sure
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
03-28-2014 , 05:39 PM
Quote:
Originally Posted by JimmyAggassi
ive played in a bunch of tournies in other places since Borgata and basically not much has changed. hopefully, it stays this way. one of the places just counted the chips on the break.

i don't think borgata or any other venue ever promised complete security or a guarantee that someone could not cheat.

having procedures in place if cheating is discovered and offering slightly more security is all that is really necesary.
g
borgata wrong about this and the CEO must not be too smart I feel the DGE and Borgata are in bed to together its all about money and power not the players there is no way these so called smart people that make millions cant figure out a resolution the problem is they dont want too
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote

      
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