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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*

04-14-2014 , 04:52 PM
Wow. Such a awful ruling for the final 27. I don't think there was a good answer to make everyone happy but this seems brutal for the chip leaders.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 04:52 PM
Quote:
Originally Posted by BInkingFlawlessly
As part of the final 27 $20,000 would be an atrocity.
Not even $20k... It's already atrocious.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 04:53 PM
Quote:
Originally Posted by FRYTWO
just an educated guess based on the numbers. Would make sense seeing as the number of people to refund is higher than the number of entries on 1B. We can deduce that the difference reflects the players who made it to Day 2 but did not cash as they were technically affected by the fake chips as well.
You're absolutely right, I already forgot the number of refunds, it seems.

Yeah, that would make a lot of sense, but I guess we'll have to wait for an announcement to be certain.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 04:53 PM
Less than 20k is a complete joke.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 04:55 PM
Quote:
Originally Posted by Bobo Fett
There's only been about 20 posts since the ruling was posted; you might be able to get through them all if you try really hard.
Helpful, thanks!
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 04:56 PM
Thus far no email from the Borgata regarding the DGE decision. I'd like to think they will be telling us that they will be making up the difference out of their own pockets. I'm gonna keep hope alive for a few hours.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 04:57 PM
Quote:
Originally Posted by TheGramuel
Helpful, thanks!
Sorry, but when it was already apparent after the first 2 or 3 posts that Days 1A & 1C mostly weren't getting refunded, and also that no one really knows the exact breakdown yet, your question was pretty silly. I could see posting that if there were a few hundred posts this afternoon, but when there had only been a handful...

Anyway, if you haven't figured it out yet, the answer to your question is still a little uncertain, but almost certainly no.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 04:58 PM
2,143 people get refunded

I think there was 867 people on Day 2 to start so 417 of them missed the money.


Which leaves me with 1,726 people to pay
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 04:58 PM
Forgive me for not knowing, but how much would an equal chop pay based upon the remaining prize pool advertised for the final 27?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 05:00 PM
Boom !
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 05:00 PM
what a joke disrespect to the 27
plus all players
did anybody get fired?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 05:00 PM
Quote:
Originally Posted by Bobo Fett
Sorry, but when it was already apparent after the first 2 or 3 posts that Days 1A & 1C mostly weren't getting refunded, and also that no one really knows the exact breakdown yet, your question was pretty silly. I could see posting that if there were a few hundred posts this afternoon, but when there had only been a handful...

Anyway, if you haven't figured it out yet, the answer to your question is still a little uncertain, but almost certainly no.
Yeah understood but am at work and NVG moves so quickly (I don't post here often), and more often than not there are 50 posters eager to give info.

All good.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 05:03 PM
I think I need a good de-grumping today.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 05:05 PM
Quote:
Originally Posted by Bobo Fett
Slow pony is slow.

What makes you think 1A+1C Day 2 non-cashers are being refunded? Not saying you're incorrect, but I'm wondering where you got that from.

Edit to add: It would make some sense, though.
1212 in Day 1A - 201 survived - confirmed by PokerNews blog at the time. (16.58%)
Then we have all 2,094 from Day 1B.
Using the 16.58% figure from 1A confirmed survivors, we get 250 additional Day 1C headed to Day 2 from the 1,506 entry number i saw quoted earlier.

Day 2 Started with 847 players of the 4812. 17.6% overall survival rate pretty close to the 16.6% used above so estimates should be fairly accurate.

Some editing below to be more accurate:

Anyway, to get down to 450 that is 53% of the Day 2 field surviving to cash. so 47% non-cash rate. If we were to lose an equal number (47%) from each day before cashing (won't be the case at all necessarily), that would leave of the original 201 Day 1A 94 non-cashed and from the 250 1C 117 left non-cashed.

2,094 Day 1B.
94 Day 2 Non-Cash Day 1A
117 Day 2 Non-Cash Day 1C

That is 2305 estimated effected if this was the case BASED COMPLETELY ON ROUGH ESTIMATES. NJDGE has it quoted as 2143 impacted.

Doesn't really add up but these are all complete estimates - it plays out very differently in Day 2 in actual play.

Last edited by ZPNY18; 04-14-2014 at 05:24 PM.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 05:07 PM
Why are the refunding at the expense of 27 prizepool? Less than 20K for the 27 is horrible. Borgata made the mistake of letting something like this happen, it should be paid from their pocket. Just an awful ruling for the final 27. Would not be surprised if the top stacks all sue.

Last edited by FutureWSOPchamp; 04-14-2014 at 05:13 PM.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 05:07 PM
Quote:
Originally Posted by ZPNY18
1212 in Day 1A - 201 survived - confirmed by PokerNews blog at the time. (16.58%)
Then we have all 2,094 from Day 1B.
Using the 16.58% figure from 1A confirmed survivors, we get 250 additional Day 1C headed to Day 2 from the 1,506 entry number i saw quoted earlier.

Day 2 Started with 847 players of the 4812. 17.6% overall survival rate pretty close to the 16.7% used above so estimates should be fairly accurate.

Anyway, if we assume in order to get down to 450 we lose an equal number from each day before cashing (won't be the case at all necessarily), that would chop off 132 from each day (in this case we are only concerned about 132 x 2 for Day 1A and 1C) so that would give us:

2,094 Day 1B.
132 Day 2 Non-Cash Day 1A
132 Day 2 Non-Cash Day 1C

That is 2358 estimated effected if this was the case BASED COMPLETELY ON ROUGH ESTIMATES NJDGE has it quoted as 2143 impacted.

Doesn't really add up but these are all complete estimates - it plays out very differently in Day 2 in actual play.
Yeah, I was also noticing the refund numbers seem just a little light - will be interesting to see what the Borgata has to say. Unless they plan to do something over and above the ruling and are still working on that, you'd think they'd have some info out pretty soon. Of course there could also be a delay if they're sorting out exactly how they're going to facilitate the payments.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 05:08 PM
What place would you have had to cash in order to get 20k? Have not seen the breakdown of what the final 27 should have been playing for.

The Borgata should add in the 250k or so the got as fees to the final 27, which would bring they final 27 up to about 30k each. Where would you have had to finish to get 30k?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 05:12 PM
Payouts for Event 1 of the WPO:

http://www.pokernews.com/live-report...y2/payouts.htm

The $288k in entry fees was included in the ruling.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 05:14 PM
all you want to know theborgata.com from borgata
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 05:15 PM
What was 27th place meant to pay?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 05:15 PM
It's completely unclear who gets $50k.

Does this mean if 29th place never claimed his money and then was frozen out, he receives 50k, yet 28th place who went directly to the cage only got a few $, and top 27 now only get 20k?

I think this is more likely:

My assumption is Borgata takes the hit and pays top 27 50k each. Then out of the prize pool, the top 27 get 20k on top.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 05:16 PM
Quote:
Originally Posted by gotf
What place would you have had to cash in order to get 20k? Have not seen the breakdown of what the final 27 should have been playing for.

The Borgata should add in the 250k or so the got as fees to the final 27, which would bring they final 27 up to about 30k each. Where would you have had to finish to get 30k?
The Borgata fees of 288k were included in the ruling. IMO this is an awful precedent for the players. Lets see, if you are in the final 27 of a tournament and see someone cheating, do you expose them? Of do you keep your mouth shut because now you get chump change and many others get a total refund.

I can see a lawsuit coming from the final 27.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 05:18 PM
Quote:
Originally Posted by Zamees_
It's completely unclear who gets $50k.

Does this mean if 29th place never claimed his money and then was frozen out, he receives 50k, yet 28th place who went directly to the cage only got a few $, and top 27 now only get 20k?

I think this is more likely:

My assumption is Borgata takes the hit and pays top 27 50k each. Then out of the prize pool, the top 27 get 20k on top.
It means all the players combined that busted out got tickets to cash, but got frozen out of cashing TOTALED 50k. I think 28th was one of them and it was for 6500.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 05:20 PM
Thanks Kevmath. My calculations show an even chop would pay about $53K per player. Ha. Yeah, this is a really bad ruling. I'd suggest class-action and look for a settlement that gets you much closer to that larger number.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 05:20 PM
Quote:
Originally Posted by gotf
What place would you have had to cash in order to get 20k? Have not seen the breakdown of what the final 27 should have been playing for.

The Borgata should add in the 250k or so the got as fees to the final 27, which would bring they final 27 up to about 30k each. Where would you have had to finish to get 30k?
http://www.pokernews.com/live-report...ts/payouts.htm


8 43,018
9 26,747
10 17,967
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote

      
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