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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*

04-13-2014 , 04:12 PM
Quote:
Originally Posted by Matt Savage
I can tell you the the ruling was supposed to be on Friday and if it is the same thing I have heard I can say that Wendeen's article and the additional info KK heard from Wendeen in post #4089 are pretty accurate.

Of course they could have changed their minds as a reason for not releasing it on Friday.

I spoke to some people early on and they are not doing what I suggested if what I heard holds true.

Terrible situation for all involved obviously.
They read this thread and decided not the best idea to pull the tired PR move of releasing the info Friday afternoon at 5pm.

Tomorrow should be interesting.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 04:58 PM
Quote:
Originally Posted by Matt Savage
I can tell you the the ruling was supposed to be on Friday and if it is the same thing I have heard I can say that Wendeen's article and the additional info KK heard from Wendeen in post #4089 are pretty accurate.

Of course they could have changed their minds as a reason for not releasing it on Friday.

I spoke to some people early on and they are not doing what I suggested if what I heard holds true.

Terrible situation for all involved obviously.
Can you tell me what you suggested to do with the final 27?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 05:16 PM
Quote:
Originally Posted by YappingYoda
I've never played poker on the East Coast, so I was wondering if there are many other good options to play poker that are near the Borgata? If there are, after this extra chip fiasco and the crap with the Phi Ivey lawsuit, why would anyone trust them and play there?
Parx
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 05:17 PM
Quote:
Originally Posted by Oneof27
Can you tell me what you suggested to do with the final 27?
Let's just say you would of liked it if you were Oneof27.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 05:24 PM
Quote:
Originally Posted by Matt Savage
Let's just say you would of liked it if you were Oneof27.
ICM + Interest + "Pain and Suffering" bonus of riding a wave of counterfeit chips(?)

Unless "liked it" means ICM + Interest, I would have disagreed with the approach. Many of the 27 may have been unaffected, but those that were affected by the counterfeit chips were more likely to have benefitted. Simply because they are One of 27 as opposed to Ones on Rail.

The Ones on Rail, wouldn't have gotten any of the "pain and suffering" bonus and they were more likely to have been adversely affected.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 05:46 PM
Quote:
Originally Posted by Matt Savage
Let's just say you would of liked it if you were Oneof27.
I am one...I have just below chip average. Will I be happy with the resolution?

Any way you chop it I get about the same...only thing I have an issue with is if they try to just give us 27th place. If that is the case then Joe Lupo is not a man of his word. He was clear in saying to all remaining players the Borgata would make this right. 27th does not make things right.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 05:55 PM
I don't see how you can have a situation where the final 27 are somehow robbed in order to pay players who busted out. If they're going to pay any of the bustouts, then wouldn't the money have to come from everyone who cashed, and not just the last to cash?

Also it seems Borgata should be obligated to throw all the rake money into the payouts and then some.

If the resolution is not pleasing to everyone, then of course, we can expect to see more lawsuits. If I'm Borgata, I would be more afraid of those from the final 27 rather than ones from the bustouts.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 06:01 PM
no way borgata is dodging a lawsuit(s)
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 06:04 PM
I am still hopeful the Borgata does the right thing and goes above and beyond whatever the DGE ruling requires...maybe that is why the ruling was not released. Wishful thinking.

Last edited by Oneof27; 04-13-2014 at 06:19 PM.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 06:13 PM

god, this all sounds terrible. time to prepare for the worst. i fear this "resolution" is going to be a joke. are the Borgata and the DGE really fantasizing that they have come up with some sort of compromise that will keep both the final 27 players and all the bustouts happy without the casino losing money? seems absurd. are they going to give all the buyins $200 back and then have the final 27 chop up 400K instead of $1.4 million? certainly the final 27 are not going to be in a "it's better than nothing" mindset if this resolution doesn't somehow chop up the remaining money. I hope there is some measure of transparency so we can see what sort of solutions were offered and how they came to their final decision. of course, with the friday announcement apparently postponed they could also be back at square one.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 06:16 PM
it amazes me that we've gotten more information from Matt Savage in one day than we've gotten from Tab in three months

Matt is by far and away the epitome of all the qualities that a tournament director should possess
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 06:41 PM
Quote:
Originally Posted by FRYTWO
it amazes me that we've gotten more information from Matt Savage in one day than we've gotten from Tab in three months

Matt is by far and away the epitome of all the qualities that a tournament director should possess
Agreed.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 06:48 PM
Quote:
Originally Posted by FRYTWO
it amazes me that we've gotten more information from Matt Savage in one day than we've gotten from Tab in three months

Matt is by far and away the epitome of all the qualities that a tournament director should possess
It's also very likely TAB has been told by Lawyers and higher ups that he isn't to comment on the situation until an announcement is made.

Matt isn't employed by Borgata in any way (AFAIK) so he isn't bound by the same restrictions.

(But yes, Matt is still a top notch TD.)
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 07:11 PM
Quote:
Originally Posted by bosox15
It's also very likely TAB has been told by Lawyers and higher ups that he isn't to comment on the situation until an announcement is made.

Matt isn't employed by Borgata in any way (AFAIK) so he isn't bound by the same restrictions.

(But yes, Matt is still a top notch TD.)
regardless of what attorneys told Tab what/what not to say, he could of handled himself in a more professional manner when responding to inquiries from concerned players.

unlike Tab, patience is something Matt exudes time and time again.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 07:14 PM
Quote:
Originally Posted by Chippa58
I don't see how you can have a situation where the final 27 are somehow robbed in order to pay players who busted out. If they're going to pay any of the bustouts, then wouldn't the money have to come from everyone who cashed, and not just the last to cash?

Also it seems Borgata should be obligated to throw all the rake money into the payouts and then some.

If the resolution is not pleasing to everyone, then of course, we can expect to see more lawsuits. If I'm Borgata, I would be more afraid of those from the final 27 rather than ones from the bustouts.
"robbed" would be the right word, the only sensible reaction to the final 27 not getting our equity
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 08:21 PM
It will be interesting to see if the NJDGE fines The Borgata. It will be even more interesting to see if that fine is more or less than the prize pool. They ended up causing a lot of work for the NJDGE.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 08:56 PM
So it is the chip leaders specifically who won't like the decision? Total guess, but it sounds like we might be looking at some even payout (e.g. 27th place across the board) rather than an equity chop. Just wow.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 09:44 PM
Quote:
Originally Posted by bosox15
It's also very likely TAB has been told by Lawyers and higher ups that he isn't to comment on the situation until an announcement is made.

Matt isn't employed by Borgata in any way (AFAIK) so he isn't bound by the same restrictions.

(But yes, Matt is still a top notch TD.)
Thanks for the compliment but I'm sure Tab is also being forced to wait and that leaves him in a bad spot PR-wise. I am sure he hates the delay as much as the players do as he get pounded with questions on a daily basis. The sad part is he has done such a great job over the years and has taken a beating for this unfortunate indecent.

There is really no conceivable outcome where all of the players would be happy that wouldn't cost Borgata millions and I don't think that outcome was ever happening, the right decision, or a viable solution.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 09:52 PM
Quote:
Originally Posted by Matt Savage
There is really no conceivable outcome where all of the players would be happy that wouldn't cost Borgata millions and I don't think that outcome was ever happening, the right decision, or a viable solution.
I agree. So is NJ more likely to authorize a payout to the final 27, or to the players who busted out?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 10:37 PM
Quote:
Originally Posted by bosox15
It's also very likely TAB has been told by Lawyers and higher ups that he isn't to comment on the situation until an announcement is made.

Matt isn't employed by Borgata in any way (AFAIK) so he isn't bound by the same restrictions.

(But yes, Matt is still a top notch TD.)
Agreed. I know based on the look on Tab's face when I spoke with on Thursday he wants to talk but he can't. He definitely wants this to be resolved.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 10:40 PM
It sounds like they are going to claim that the chip leaders benefited from the extra chips.

It is New Jersey.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 10:40 PM
Which days did Lusardi play??

I played Day 1 A + only in for $100 via the online satellite.. I'd be more than ecstatic to get something back but if I don't it wont be a deal breaker between Borgata and I.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 10:56 PM
Quote:
Originally Posted by Matt Savage
Thanks for the compliment but I'm sure Tab is also being forced to wait and that leaves him in a bad spot PR-wise. I am sure he hates the delay as much as the players do as he get pounded with questions on a daily basis. The sad part is he has done such a great job over the years and has taken a beating for this unfortunate indecent.

There is really no conceivable outcome where all of the players would be happy that wouldn't cost Borgata millions and I don't think that outcome was ever happening, the right decision, or a viable solution.
I agree with what you say about Tab.

Can you at least tell us that they are not trying to give the remaining players 27th place money?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 11:34 PM
Quote:
Originally Posted by Oneof27
I agree with what you say about Tab.

Can you at least tell us that they are not trying to give the remaining players 27th place money?
Matt is obviously not going to answer that specific of a question.

He could however tell us when he believes an announcement will actually be made.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-13-2014 , 11:39 PM
Quote:
Originally Posted by Oneof27
I am one...I have just below chip average. Will I be happy with the resolution?

Any way you chop it I get about the same...only thing I have an issue with is if they try to just give us 27th place. If that is the case then Joe Lupo is not a man of his word. He was clear in saying to all remaining players the Borgata would make this right. 27th does not make things right.
the borgata did say that they would make this right and they said that they know they were going to take a loss from this. lets just hope they make it right willingly. dont get to worked up till you hear the resolution and what or if the borgata will do in the end.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote

      
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