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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 , 06:47 PM
Quote:
Originally Posted by Lovesantiques
Hmm - an ICM ruling would mean that 18 of the 27 get SMALLER payments. Doubt that they would agree to this.

The rest - it's speculative as what the end result would be. Who knows what the final table lineup would have been. Reality is nobody will ever know.

Lee
No, i mean ICM the missing 900k given to the bustouts to remove any issues between the clients
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 06:51 PM
Quote:
Originally Posted by BluffMyNuts
So they used fake chips to make it that far and it is fine for them to get screwed, it was ruled that you were not harmed by the fake chips but you deserve a refund.

Really great logic.


Everybody deserves the same refund. The tournament was cancelled because there were fake chips. The final 27 deserve no more money than the person who lost in 2500th place.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 06:52 PM
Quote:
Originally Posted by Brock Lesnar
Everybody deserves the same refund. The tournament was cancelled because there were fake chips. The final 27 deserve no more money than the person who lost in 2500th place.
Then those who finished 28-450 make more than 1-27?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 06:58 PM
Quote:
Originally Posted by mrmarcon
Can anyone post up a list of law firms capable of handling this for plaintiffs.
http://www.wilentz.com/casino-law
http://www.cooperlevenson.com/people...=display&ID=26
http://www.foxrothschild.com/attorne...-casiello.html

There are more obviously, but you should be looking at ones located in New Jersey with gambling law experience.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 07:00 PM
Quote:
Originally Posted by BluffMyNuts
Then those who finished 28-450 make more than 1-27?
!!! How!!!
28th placed got little over $6300 !
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 07:03 PM
Quote:
Originally Posted by BluffMyNuts
Then those who finished 28-450 make more than 1-27?

They deserve all the same amount. They only made it that far by using fake chips.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 07:03 PM
Quote:
Originally Posted by riverph7
!!! How!!!
28th placed got little over $6300 !
The guy was advocating refunds for everyone and the final 27 only getting their buy in back.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 07:05 PM
Quote:
Originally Posted by Brock Lesnar
They deserve all the same amount. They only made it that far by using fake chips.
So what do you with those who were paid over $560 during the tournament?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 07:12 PM
Quote:
Originally Posted by BluffMyNuts
So what do you with those who were paid over $560 during the tournament?


They keep it, nothing can be done. Borgata messed everything up and has to eat the remaining prizes out of pocket.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 07:18 PM
Quote:
Originally Posted by GuySmiley
http://www.wilentz.com/casino-law
http://www.cooperlevenson.com/people...=display&ID=26
http://www.foxrothschild.com/attorne...-casiello.html

There are more obviously, but you should be looking at ones located in New Jersey with gambling law experience.
I suspect most of these firms represent the interests of the casinos and gaming associations and do not sue casinos.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 07:23 PM
Quote:
Originally Posted by Brock Lesnar
They keep it, nothing can be done. Borgata messed everything up and has to eat the remaining prizes out of pocket.
Your "thought" process is pretty awful. If the $560 you lost is this important I would suggest not playing high variance donkaments.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 07:28 PM
Quote:
Originally Posted by jjjou812
No, i mean ICM the missing 900k given to the bustouts to remove any issues between the clients
This makes sense, but sadly $900K doesnt leave much meat on the bone for a law firm, plus the vast majority of the plaintiffs are due only a very small piece of the pie based on a calculated chop. Only the top 3rd are really getting screwed.

As for a Jersey attorney familiar with gambling but unlikely to be working for a casino already.... My cousin Vinny.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 07:31 PM
Quote:
Originally Posted by jjjou812
I suspect most of these firms represent the interests of the casinos and gaming associations and do not sue casinos.
That's a potential problem with every gambling-law specialist, as the market for casino clients is ~0 law-wise. This is such a specific area of the law you'd like to have a specialist though, so can't hurt to try finding one if you wanna sue.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 07:56 PM
I just posted to my twitter @gunslingerbach how unfair this ruling is, and suggested fellow professionals BOYCOTT the borgata unless they make this situation right.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 08:10 PM
Quote:
Originally Posted by Gunslinger1988
I just posted to my twitter @gunslingerbach how unfair this ruling is, and suggested fellow professionals BOYCOTT the borgata unless they make this situation right.


thank you sir
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 08:14 PM
Terrible ruling for many of the 27. I guess it wasn't the Borgata fighting the DGE for the players for the past 4 months after all. But yet, once they opened doors for the BSO hoards of dumbazzes couldn't wait to get in there and play.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 08:16 PM
Absolute robbery. All in with David Bach on boycotting the Borgata.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 08:36 PM
One thing not being picked up on is the use of the word "entrants" which is the number of persons and not the number of "Entries/Buy Ins". Those are two different numbers. Entrants are being paid and not for the number of entries/buy ins they had. Does anyone know how many total re-buys there were in this tournament? That might help to understand the numbers better.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 08:39 PM
Quote:
Originally Posted by Fishman11
One thing not being picked up on is the use of the word "entrants" which is the number of persons and not the number of "Entries/Buy Ins". Those are two different numbers. Entrants are being paid and not for the number of entries/buy ins they had. Does anyone know how many total re-buys there were in this tournament? That might help to understand the numbers better.
I suggest you read the Borgata statement before posting any more. You are only confusing matters.
They are refunding some of the re-entries.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 08:40 PM
*2100 entrants getting refunded buy-in
*2/3 of final 27 getting more than they would have had play continued
*Borgata refunded all their take for the event over $200,000
*Div Gaming absolved Borgata of any wrongdoing
*Div of Gaming issued an order to Borgata how money would be distributed
*None of the final 27 can prove they would have busted 9th or better

There is no way Div of Gaming was gong to make a ruling to make everyone happy. While not perfect, I don't see this as a horrible ruling. I don't care if your the chip leader, we all know that can change in a few hands and now your busted out 27th. Nobody can say who would have been the 9 that would have cashed more.

For those bashing Borgata. Borgata found the problem and did what was required by Div of Gaming in that situation. From that point on it was out of their hands. They may have been able to lobby for things, but no decision was their's from that point on. Those complaining about security are the same ones who would be saying boycott Borgata because they showed up for a tournament and got patted down by security before being allowed into the tournament area to make sure they weren't carrying fake chips. Look at it this way, had the chips been found earlier, the tournament would have been canceled earlier and everyone would be just getting $560 back.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 08:44 PM
Quote:
Originally Posted by jw3913
*2100 entrants getting refunded buy-in
*2/3 of final 27 getting more than they would have had play continued
*Borgata refunded all their take for the event over $200,000
*Div Gaming absolved Borgata of any wrongdoing
*Div of Gaming issued an order to Borgata how money would be distributed
*None of the final 27 can prove they would have busted 9th or better

There is no way Div of Gaming was gong to make a ruling to make everyone happy. While not perfect, I don't see this as a horrible ruling. I don't care if your the chip leader, we all know that can change in a few hands and now your busted out 27th. Nobody can say who would have been the 9 that would have cashed more.

For those bashing Borgata. Borgata found the problem and did what was required by Div of Gaming in that situation. From that point on it was out of their hands. They may have been able to lobby for things, but no decision was their's from that point on. Those complaining about security are the same ones who would be saying boycott Borgata because they showed up for a tournament and got patted down by security before being allowed into the tournament area to make sure they weren't carrying fake chips. Look at it this way, had the chips been found earlier, the tournament would have been canceled earlier and everyone would be just getting $560 back.
I very much doubt they were going to lobby for them to have to pay any extra.
The only lobbying they will have been doing was to try to retain their rake. At least they didn't get to keep that, despite them being absolved of blame.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 08:47 PM
I looked briefly but could not find what payout structure for this event would have been.

could someone post ?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 08:50 PM
Not really surprised.


Did anyone really think that Borgata was going to dip into their own pockets? I mean, come on, we're talking about a corporation and a business that can hide behind itself and multiple layers of other authorities.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-14-2014 , 08:52 PM
Quote:
Originally Posted by PTLou
I looked briefly but could not find what payout structure for this event would have been.

could someone post ?
Post #4153 by KevMath.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote

      
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