I wouldn't be surprised if the Final 27 filed a lawsuit.

i'm a shorter stack, only 2% of chips, but 2% of 900K is 18K. not small change from my perspective

Christian Lusardi is the big ******* in this.

I want to make sure I have this correct.

Prize pool left remaining when event was cancelled = ~$900K

Final 27 are being given ~19.2K each = $521K

is that correct?

No! $1,433K

I did a rough equity calculation on this earlier today. If you consider everyone's % of chips straight equity of the original prizepool (I know ICM is actually more complex than this), then 23 of the 27 have a higher EV than $19k. The only winners here are 24-27th place. I think 27th place gets like $6k more than EV.

Top 2, on the other hand, are getting screwed to the tune of $140k and 130k. The majority of them are being stiffed 5-figures.

That may seem unusual, but main reason for this is the fact that 63% of their prizepool was taken out to refund bustouts.

The only parties at fault here are Lusardi and Borgata. I can't understand why the 27 are the ones being punished here.

Out of which you need to pay a lawyer and risk not winning anything. Not chump change but not easy money either. Could win 0 and owe legal fees.

Now put what's in your best interest vs what's in the chip leaders best interest and it may be likely that having the same lawyer isn't advisable.

Borgata has lawyers on staff already bought and paid for. They are betting your ability to withstand the legal risk is not great enough to see a lawsuit through.

No he isn't.

Lol........ So funny. IDIOT

yes, agreed. just pointing out that we all lost equity with this ruling, not just the chip leaders

Genius

Please stop posting ITT. Your last 2 posts have been completely worthless.

this contradicts what pokernews is reporting,
http://www.pokernews.com/news/2014/0...chip-18030.htm

Also, curious how do they know he busted exactly at 4.30 ? if my memory serves right i think i played with him after 4.30 may be later so it is most likely he entered at 4.30 which would mean anyone busted before that is not eligible

I can not imagine striking a deal where you would lose and pay attorney fees. Most attorneys would take this on a contingent fee.

Heres what id do if I were borgata. Pay out the $560 refunds exactly as stated.

People who were not affected by extra chips on day one deserve nothing.

Offer as a goodwill gesture to the final 27 an option to take the offer by njdge, or the icm value of your chip position.

Great publicity move.

I deleted one post as soon as I was corrected.

As far as this ruling the refund determination is laughable. It gives no consideration to multiple rebuys. It also is not punitive to the Borgata in ANY way. It is completely subjective to who was impacted. It is almost a lazy decision that those that finished 28-450th getting a free pass even if they haven't cashed out yet.

They would have been better off just letting the tournament finish.

That's only worth it to the lawyer if

A. The amount of hours is small. Fat chance.

B. There are large sums of punitive damages. Slim chance.

Plus they take a bigger slice of the pie on contingency.

Not saying impossible but the math starts to devalue the effort. By all means go for it. Just have reasonable expectations on likelihood of winning and how much. EV is much much less than 900K.

We Professional Poker players need to stand up as a group, or we will continue to be run over by ruthless corporations.

This ruling is completely unfair.

The thing that really annoys me about this resolution is that refunds are being given to 2143 players who ( to quote the NJDGE) "MAY have been impacted"
Let's be honest here. A large proportion of that 2143 were not impacted.
Yet, 27 players who were undoubtedly impacted have been given the raw deal here.

Why are they applying a theory of benefit of the doubt to 2143 but not to 27?

Borgata should be making up this 900k themselves, and it's really not hard for anyone with any common sense to realise.

The question I would be asking now is who the hell is on the NJDGE and where is their common sense? They have just set a quite scary precedent.

would you rather piss off a couple people or a mob of people?

I suggest you read the Borgata statement.

http://www.theborgata.com/assets/pdf...resolution.pdf

"Certain individuals who re-entered on multiple occasions may be eligible for refunds for more that one entry"

Borgata lost their rake, which is punitive to them. Admittedly, a drop in the Atlantic City Ocean.

By the way. You'd think whoever wrote the Borgata statement would know how to spell cancelled by now....

They have pissed off a lot more than a mob of people the way they have resolved this.

Face it, there's a lot of people who can't believe their luck they're getting $560.

The EV has decreased by 33% before trial and 40% if they must go to trial but there may be provisions in the NJ law that would allow the additional recovery of treble damages and attorney fees.

Please don't waste money on lawyers. Borgata has the upper hand. They would crush in court. Correct me if I'm wrong here but a straight up refund of entry's only could of been an option for the ruling. If I was top 27 I would be stoked that they decided to give me 19k and not $560.

Ok to clarify, there were 3 starting days? 1a 1b and 1c?

Only 1a and 1b get refunds correct?

And how do they collect them?