So basically, Borgata decided to refund the entries they believed were affected by Lusardi, and forced the final 27 to pay for that refund out of the remaining prize pool. Then they took what was left over and evenly divided it amongst the 27 without regard to chip counts.

Is that a fair summation?

for those who've been in this thread since the beginning.. never forget the



IMBROGLIO

It is somehow worse seeing it summed up like this.

1 per customer

unfortunately.. they said they would make this situation right but i guess they meant "make it right" for themselves. now to weigh the options...thanks for almost nothing borgata!

In the auto racing scenario, nothing whatsoever would happen for the crasher. He would start last. And it's not that realistic anyway, because a racer would not drive so recklessly as to crash attempting to get a pole position, when qualifying second is nearly as good.

And the poker scenario fails for similar reasons. If you're in the running for chip leader at the end of Day 1, your EV is way more than $2k, and if you blew up your own stack trying for chip lead, you have nobody but yourself to blame. You lost due to bad tournament play.

I think a better (slightly better, but still fail) argument would be that you would have played differently if you knew that the top 27 would only be receiving the chump change that they did.

But.. whatever, I hope you were not being too serious. There is no way the other flights should get a refund.

Not it's not.

seems like the corporate lawyers wrote this decision as usual. Sad for the remaining 27, but 100% expected. Those expecting a monster corporation and their regulating partners to "do the right thing" should now have a more realistic view of how the world works.

The decision is awful but fighting or taking any legal action is a complete waste of time. Your talking about a NJ judge overturning state regulators and the largest casino's wishes. Their all part of the same system, in place to protect their own interests. Please understand that before you waste your money.

Oh and Lusardi obviously acted alone to???, the fix was in from the rip! obvious manufactured outcome, unfortunately.

Summary:

DGE ruling favors Borgata

our only hope is Phil Ivey wins his case and he pays us

The golden rule in action. Borgata has the gold, Borgata (with help from the "regulators") makes the rules.

just for the sake of argument let's say you owned part of the Borgata...would you want them to reach in their pockets for 900K to pay the final 27? I don't know, really don't have the right answer to this. Rather than admonishing the evil corporation I am just trying to understand it from a financial sense, i.e. is it good business? the borgata (like myself) is just looking out for itself. thought it would be interesting to break it down without any ethical considerations. Is the bad publicity/public relations problems from not paying the full prize pool going to cause them to lose 900K in revenue? the poker room is not going to go busto because of this but could we actually calculate the amount of players that would need to stop playing in their tournaments to lose them a million dollars?

why do people continue to blame Borgata? They were found to have done nothing wrong by DGE. And why would they take money out of their own pocket? For good PR? lol. They already lost plenty of money in this. If you disagree then don't go back. They don't care. They will continue to thrive as a poker venue regardless.

Pretty awful resolution but I can't say I'm surprised

I hope there's a lawsuit, if for no other reason than to find out what steps were taken during "the investigation". Did it take three months to figure out Lusardi was the only one cheating, and about twenty minutes to come up with the payout plan or what?

I keep seeing variations of this theme, but no one has as yet elucidated exactly how such a lawsuit could be won. First of all, who is going to be the defendant? Borgata? DGE (lol)? And what are the damages? The 27 each were basically given 10th place money; how could any of them demonstrate that they definitely would have earned more? Where's the demonstrable harm? Where's the evidence? Keep in mind, as plaintiff(s), each would have to demonstrate by a preponderance of the evidence (speaking of which, what would be the evidence?) that they were monetarily harmed by the actions of the defendant(s).

And on a related matter, lots of luck in convincing any attorney to take on this case on a contingency basis.

The state regulatory agency cancelled a tournament due to it having been compromised by illegal activity by a participant in the tournament. The agency then conducted an investigation and made a decision on how the entity running the tournament should return the entry fees to the affected participants. I can understand how the 27 could be upset with the ruling, but I fail to see any basis for a successful lawsuit.

I lasted well past 4:30 and moved tables and yet I was informed that I won't be receiving a refund. Can't see how this makes any sense


Sent from my Nexus 5 using 2+2 Forums

I busted near instantly(probably 11 or noonish) on Day 1A and was informed I was getting a refund.

How would they possibly know when people busted?

^ this

I'm not an expert on the NJ Casino Control Act and don't know what administrative channels this may need to pass through first, but I think the answer would be "both."

There is precedent for the use of ICM in other cancelled (or otherwise halted) poker tournaments. Would make for some interesting briefing/arguing.

You might be surprised. There are probably some attorneys who might just be interested because of the subject matter. Helps if they don't have steady employment to begin with.

regardless of what NJDGE "found"....we played...we know security was non existent...the dealers were incompetent...and the chips were trash.....apparently not great camera coverage as well....AND Mr. Edwards was at his FKN table and outted the chips...and posted them on twitter

And unless the NJDGE "found" the final 27 had any wrong doing...why are they stealing $900k from them? Did they do anything wrong? No.

This was the nut low settlement.

I'm receiving a $560 refund...but I think everyone should...and the final 27 should have received close to the ICM figures posted on this thread

If you really think about it...28th got ~7k.....1-27 get ~20k....Thats really only ~13K...they were without a doubt AT LEAST getting the 7k....So after everything and months they REALLY say..."lets throw them an extra 13k...that should solve it"...its a JOKE

Borgata comes out of this a big winner, if you ask me, in the short term. I hope this kills them long term..I hope the Ivey thing helps kill them. I know first hand how big of scum bags Borgata really are.

I also bet, that those 3-5 days....were the BIGGEST winning days for the pits during winter.

The fishy thing is the claim of absolutely 0 liability and no fines....If this doesn't show how corrupt things are, then IDK what else to say...The Borgata is NJDGE's biggest cash cow...Did anyone really think they would bite the hand that feeds them? The fix was in 100%

If one considers the dealers/cards, etc etc. One must include the amount of revenue generated by hotel,pit, slot play,food, and the enormous increase in the poker room.

The weekend of this tournament was the first time i've seen the poker room totally full of cash games in a long long time.

The $60/person that was "refunded" imo was recovered plus in added revenue in other areas.

$911,424 was taken from their prize pool.

Somebody tweeted this same question to Kevmath yesterday and he replied "I assume the Borgata has a way, especially if someone re entered around 4:30"

This is so LOL. The casino does not keep track of the time you bust out. Maybe they reviewed video for 2100 entries and determined when you lost. (that's obv a joke)