absolutely correct

I've mentioned it before, but the only way you guys have a chance is a either a good lawyer (focus on the 400-28 getting full payment but you guys taking the hit) or a good ole fashioned in person protest at the Borg where you guys get in the way of their chit...clog up those registration and/or cashier cage lines

i have that email, we all do. is he authorized to write a check for 900K? "very concerned"? your email exchanges have been quite different than mine. he might sympathize with us but it seems irrelevant at this point. if Tab had his way we would probably all get our equity; i'm sure he is sick of getting bashed on twitter and he'll likely be hearing about chipgate every day unless this is straightened out. the situation is that we are not clashing with a collection of loathsome individuals who want to see us get screwed...we are up against a corporation whose interests (they believe) are not congruent with our own

I wouldn't be so sure Tab is on your side...he seems like a doosh to me

i know you have his email, i listed it for anyone who may not have it and would like to add their comments. reading thru this thread it seems the majority would not be pleased if they were in the situation we find ourselves in. it seems most see this rationally that the remaining 27 are footing the bill for the neglience/lack of security/ not paying out 2 million gauranteed as advertised to the winners, etc.
450-28 received proper pay outs do the same for the remaining 27.

http://www.flushdraw.net/misc/borgat...ruling-unfair/

If I was in the final 27...

I would contact the others.

And we would all meet up and play the rest of the tournament - with the same stacks we had. We would all agree this would decide the final order/standings - for the payouts. Obviously we would agree a split before so that every one gets at least the amount currently being offered.

Then we would have a class action and we will have agreed who was owed what - in which we will have all signed contracts to the fact.

lol

welp that's enough internet for me

Has I solved the interwebs?

Coolz

thanks for that

Anyone receive their refund yet?

yes, today

Matt Glantz had a few things to say about this ruling when I spoke to him today.

[starts at 1:37]

good points and well said by Matt

Thanks! Where you a top 27?

He misses the mark in two easy to see ways

1) After the DGE made its ruling Borgata was still free to make it right with the 27. They just chose to save the 912K hit and take the PR hit and fight the lawsuits

2) It could happen anywhere, but that Event 1 with all of the chaos and incompetent dealers is ripe for the picking for any cheaters. You are more likely to find a flea in a trash heap than you are in an operating room

no. $560 refund

yes, i would also like to know if any of the final 27 got their check yet

great, go deep in a huge mtt, they find more chips in the game than there should be, game gets cancelled and everyone gets a refund. and everyones happy. haha i see where mtts are heading, and 'gauranteed' means nothing, at least from the borgata.

This ruling sets 3 bad precedents (which must unfortunately now be a reference point for future cheating incidents):

(1) The principle of transferring value from remaining players to bust-outs (which dis-incentivises outing of cheaters).

(2) The idea that payments to remaining players should be the residual after other "affected players" have been reimbursed buyins. (So if there were more "affected players" then the remaining players might have received only e.g. $5k in this case. In an extreme scenario, the "affected players" refunds plus prizes already paid could result in the remaining players each receiving less than the last paid prize).

(3) The principle that all remaining players should receive an equal amount, regardless of chip count.

Don't worry about 5k mess up... Prob had a bad chip in there somewhere

It seems to me there is a lot of muddy thinking (or not thinking at all) and sound-bite logic going on here, so I thought I'd add some muddy thinking of my own.

The sane contributors to this thread mostly agree:

- Lusardi deserves 99%+ of the blame.

- Borgata may have made mistakes, but nothing outrageous or very unusual.

- No one is getting any money out of Lusardi

The tournament was spoilt by cheating, and it was not practical to complete it, because of the delay. It is reasonable to expect the casino to make best efforts to "make people whole" in the fairest way - ie give them compensation for what they can reasonably judge to have lost by the cheating.

We all know that the butterfly effect is at work, so it is impossible to judge how much anyone would have made in an unspoilt tournament, but we can make reasonable judgements about the effect on equity.

I think the effect on equity of all players knocked out of the tournament is negligible. Even in the extreme case of being on a table with Lusardi, it is arguable that having a big-stacked player who does not care about the value of chips on your table increases your equity. I think it is reasonable to give players knocked out early some compensation for having played in a tainted tournament, but full refund is far too generous imho.

By a similar argument, there is no reason to think that players who made it to the last 27 are much more or less likely to have got there in an untainted tournament. They deserve the equity that they would have by reaching the same point in an untainted tournament.


- I see no logic at all in reducing the equity of the 27.

- I see no logic at all in ignoring their relative equity based on chip count.

- I see no logic at all in ignoring re-entry bullets.



I think an ideal resolution would have been as follows:

Pay the full remaining prize pool to the 27, based on an ICM calculation.

Give no compensation or penalty to those who already cashed, they keep it.

Give a compensation figure, the same amount per bullet, to all players who did not cash.

This last compensation figure should be the Borgata's rake, plus a modest additional amount to be paid by the Borgata - I would suggest maybe double the rake amount. The Borgata should take some extra pain for allowing this to happen, but I think they were neither criminal nor horribly negligent.

In theory, those who cashed should receive the same compensation for the tournament being tainted as those who didn't but if I were them I would not complain, and would be happy with such an outcome.

Resolution IS complete.

NJDGE is not changing its position.

The Borgata kicked back the $288,000, and IF they sweeten the checks for the 27, it will be hush, hush.

The class action lawsuit for all the players will be diluted by the bust outs that received their$560 bullets having no desire to participate.

The finishers who cashed 28 - 450 have not vocalized any of their concerns over the past 4 months because they walked away with money in their pockets.

Roulette, Blackjack, Craps and those wonderful Slot Machines will be whirring away at the Borgata Hotel and Spa.

All is well in Atlantic City by the Shore.