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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*

04-15-2014 , 04:45 PM
Quote:
Originally Posted by SrslySirius
It's $911,000.
even worse ...i think i flipped the numbers... so they paid out ~$500k to 27 and stole 900k from them....this is a travesty....
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 05:10 PM
IMO, Borgata security f*ck'd up and they should be held appropriately accountable for their mistakes.
The gaming commissions acquires revenue from Borgata that is an obvious conflict of interests
There was never a chance of a fair ruling, only a decision that ensures Borgata does not take a hit or admit any wrongdoing
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 05:44 PM
I'm thinking NJDGE or Borgata should have some kind of insurance that covers something like this. 1 or 2 Million in 2014 is kind of weak to dodge considering the bad publicity.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 05:56 PM
Quote:
Originally Posted by prototypepariah
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.
I so agree with you, problem is this thread has divided the players. The Borgata can only be held liable by us the players. I boycotted the spring events and went to Cherokee. My buddy went to the Borgata and busted event one. While there he lost 18k playing blackjack then called the winter hot line only to find out he isn't getting any of his three January bullets back. Lol. He had planned to go back with his deep pockets this Thursday but is pissed and he's not going now. (screw you mr. lupo) and company. He is pissed at Tab because he feels Tab showed that he is a true company man. Tab told him in so many words screw refunds because it would ruin the future of poker. He didn't say let me look out for you the player. You know what protects the industry from this happening again Tab, getting caught, going to Jail, not being allowed to play tournament poker ever again, never playing the WSOP, so who won here. The Borgata. Well I'm a Boycott of one, my buddy now makes it two. Who is going to join with me. There are many good up and coming east coast venues, Maryland live, etc. The Borgata can drown with the rest of the Atlantic City casinos. YES the fix was in and the 27 really got a kick in the teeth. I got a refund for one of my bullets. It was for Day 1A. I got nothing for the bullets on day 1c which I thought is where I was most affected. I never would of entered knowing there was a building issue and people already noticing bad chips. I was told I was not affected. I think you affected when you don't have a chance at those chips. It obviously helped a few people get bigger stacks. Would you rather be at a table where there aren't any chips or at the table where the chips are. This settlement was completely conveluded and exactly what the Borgata hoped for. The Borgata has covered there tracks for future losses pretty well. You can consult with lawyers but be prepared to be told that these cases cost tens of thousands in filing fees and can take 3-6 years to work through the system. You want fast and cheap relief. Boycott the Borgata. I did and I feel really good today.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 05:57 PM
Quote:
Originally Posted by ohsnapzach
for those who've been in this thread since the beginning.. never forget the



IMBROGLIO
ohsnapzach:

I suppose I should consult a lawyer with a view toward suing you for unauthorized use of a word (IMBROGLIO) coined by me for use in this thread.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 06:24 PM
Quote:
Originally Posted by Jetlag
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.
Remember Borgata has still kept the rake from all those players who aren't getting a refund.
As far as they are concerned, a 500+60 tournament has become a 500+30.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 07:03 PM
Quote:
Originally Posted by PeteBlow
Remember Borgata has still kept the rake from all those players who aren't getting a refund.
As far as they are concerned, a 500+60 tournament has become a 500+30.
No, they gave back all the rake. $288,660 / 60 = 4811

Interesting that it was reported that there were 4812 entrants from all the sources, and this comes out to 4811. Anyway they didn't keep the rake
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 07:06 PM
It amazes me how many of you don't appreciate the complexity of this problem that the gaming had to come up with. First of all the only way you can get Borgata to fork over more money for this tourney than the prize pool and entry fee's is to prove fraud by them. Good luck with that since the only fraud that occurred was by Lusardi. So, now you have this prize pool that they have to redistribute amongst the players. They only refunded the players affected. If you are not affected, your s.o.l., good luck trying to prove in court why you are entitled to be refunded when you weren't affected by this guy. You can't argue with them for doing this. They did right by that even with including everyone's re-entries. Now here is a good point for a possible lawsuit. Say if your first buy in Day 1A was part of the affected play, you may be able to argue that you would not have made more re-entries that day if you weren't knocked out because of the affected play thus though other re-entries were not apart of the affected play those re-entries were bought because of the result of the first entry involved in the affected play. Hope that doesn't sound confusing.

As far as the final 27 is concerned, again you have to remember they are working within the confines of what is left of the prize pool and entry fee's. An even chop of the remaining pool is about as fair is your going to get. As chip leader can you prove that you were going to finish first and not blow up and be out in three hands? For the shortest stack, can you prove they weren't going to go on a streak and all of a sudden have a top 3chip stack. We have all seen these things happen in tourneys. This is where the ICM fails. If EVERYONE agrees to it then it works out. That is what it was designed for. Not for deciding how to handle a canceled tournament. If you can tell me how an ICM is fair to 27th place then please I'm all ears. But, the fact remains if this was played out you can't prove they were going to be out at 27th.

Good luck trying to get more out of Borgata, I don't see it happening. Look to the many lawsuits involving lotteries where people pool there money for lottery tickets and the person buying the tickets just happened to have bought the one winning ticket separate from the pooled tickets as a precedent. Usually the prize is frozen till the courts decide what happens. That is how the law is going to consider the prize pool. So, you better get your lawsuit in now if you feel you should get a refund and didn't.

The only thing that happened in all of this is make our tournaments cost more money and cost us more time in large tourneys all because of one P.O.S. No one wins. This was never going to be a happy ending.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 07:10 PM
Quote:
Originally Posted by SrslySirius
$911,424 was taken from their prize pool.
You are harping a lot in here. What do you think the ruling should of been? What would be your perfect case to distribute the prize pool?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 07:17 PM
does anyone know if everybody will get a refund, including players who busted out on the first starting day?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 07:17 PM
Quote:
Originally Posted by Justsayin1
I so agree with you, problem is this thread has divided the players. The Borgata can only be held liable by us the players. I boycotted the spring events and went to Cherokee. My buddy went to the Borgata and busted event one. While there he lost 18k playing blackjack then called the winter hot line only to find out he isn't getting any of his three January bullets back. Lol. He had planned to go back with his deep pockets this Thursday but is pissed and he's not going now. (screw you mr. lupo) and company. He is pissed at Tab because he feels Tab showed that he is a true company man. Tab told him in so many words screw refunds because it would ruin the future of poker. He didn't say let me look out for you the player. You know what protects the industry from this happening again Tab, getting caught, going to Jail, not being allowed to play tournament poker ever again, never playing the WSOP, so who won here. The Borgata. Well I'm a Boycott of one, my buddy now makes it two. Who is going to join with me. There are many good up and coming east coast venues, Maryland live, etc. The Borgata can drown with the rest of the Atlantic City casinos. YES the fix was in and the 27 really got a kick in the teeth. I got a refund for one of my bullets. It was for Day 1A. I got nothing for the bullets on day 1c which I thought is where I was most affected. I never would of entered knowing there was a building issue and people already noticing bad chips. I was told I was not affected. I think you affected when you don't have a chance at those chips. It obviously helped a few people get bigger stacks. Would you rather be at a table where there aren't any chips or at the table where the chips are. This settlement was completely conveluded and exactly what the Borgata hoped for. The Borgata has covered there tracks for future losses pretty well. You can consult with lawyers but be prepared to be told that these cases cost tens of thousands in filing fees and can take 3-6 years to work through the system. You want fast and cheap relief. Boycott the Borgata. I did and I feel really good today.
I won't be back. They did it to minimize lawsuits. Maybe half of the 27 only have a case to sue. Cut the class action lawsuit in half. Dividing us. I can't understand how they can refund one man in one room but not the other. Borgata doesn't lose anything? Crazy. And final 27 lose thousands and some get refunds. So lusardi may not get any jail time? The problem cost no one money
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 07:18 PM
Quote:
Originally Posted by Crystal ExtacY
does anyone know if everybody will get a refund, including players who busted out on the first starting day?
Everyone knows, only you don't because you didn't take the time to look at the last few pages but preferred to have the same question answered for the 20th time.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 07:27 PM
Quote:
Originally Posted by ThatGoogleGuy
No, they gave back all the rake. $288,660 / 60 = 4811

Interesting that it was reported that there were 4812 entrants from all the sources, and this comes out to 4811. Anyway they didn't keep the rake
Fair enough, I take that back!
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 07:42 PM
Quote:
Originally Posted by FlapJacks316
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%
I played too and I'm also receiving a refund that I didn't want. The investigation was done and is over. deal with it. don't go back, like I said they don't care and it will never impact them.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 08:08 PM
people need to start paraphrasing their thoughts - too many of these posts are TL;DR
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 08:23 PM
Quote:
Originally Posted by fatkid
You are harping a lot in here. What do you think the ruling should of been? What would be your perfect case to distribute the prize pool?
lol, harping? I've posted 5 times in this huge thread. You've done double that.

The parties at fault here are Christian Lusardi and Borgata. The players are the only blameless ones in this mess, so they shouldn't be forced to foot a $911,000 refund. Sorry if my opinion upsets you so.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 08:26 PM
Quote:
Originally Posted by fatkid
You are harping a lot in here. What do you think the ruling should of been? What would be your perfect case to distribute the prize pool?
Hi Tab
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 08:34 PM
Quote:
Originally Posted by SrslySirius
lol, harping? I've posted 5 times in this huge thread. You've done double that.

The parties at fault here are Christian Lusardi and Borgata. The players are the only blameless ones in this mess, so they shouldn't be forced to foot a $911,000 refund. Sorry if my opinion upsets you so.
Stop blathering and answer the question son. What was your brilliant idea for distributing the pool?
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 09:06 PM
Quote:
Originally Posted by FlapJacks316
fixed...
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 09:08 PM
Quote:
Originally Posted by Jetlag
fixed...
Sup Tab
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 09:16 PM
Quote:
Originally Posted by fatkid
Stop blathering and answer the question son. What was your brilliant idea for distributing the pool?
Dad, is that really you? Are you mad? You sound mad.

My brilliant idea is that Borgata should foot the bill.

Last edited by SrslySirius; 04-15-2014 at 09:22 PM. Reason: wheeeeee, new undertitle
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 09:16 PM
Quote:
Originally Posted by Jetlag
I played too and I'm also receiving a refund that I didn't want. The investigation was done and is over. deal with it. don't go back, like I said they don't care and it will never impact them.
If enough players do not return, it WILL affect the Borgata.

They still have a chance to make this right, just come out of pocket for the correct and fair payouts for the final 27.

In my opinion this would be 1/2 even chop and 1/2 ICM with the full 911k returned.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 09:22 PM
Quote:
Originally Posted by Gunslinger1988
If enough players do not return, it WILL affect the Borgata.

They still have a chance to make this right, just come out of pocket for the correct and fair payouts for the final 27.

In my opinion this would be 1/2 even chop and 1/2 ICM with the full 911k returned.
your entitled to your opinion, unfortunately that's all it is, the governing body has spoken and that's what counts.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote
04-15-2014 , 09:23 PM
Quote:
Originally Posted by SrslySirius
Dad, is that really you? Are you mad? You sound mad.

My brilliant idea is that Borgata should foot the bill.
Lol love it. Not fair you get an under title? Blather on son.
Borgata finds counterfeit 5k chips in WPO #1-Cncls event-Arrest made-Lawsuit filed-*RULING OUT* Quote

      
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