Yeah Borgota has to refund all buy-ins (for those who didn't cash) and eat the pay outs for those who did cash (IMO).

No other solution is even remotely fair to the players.

I honestly don't know exactly what would be right or fair for the final 27. Sick spot for them, assuming most if not all of them had nothing to do with the chip fraud.

actually final 27 should each get 27th money and then the remainder of the prize pool chopped by chip count

I would take that vig, buy some rolls of pennies with it, put it in my fist, and punch anyone associated with the Borgata

I would not be happy with the vig

I think what is going to happen is this. The State will just say everyone gets their $560 back. Borgata in an attempt to try and save itself PRwise and lawsuit wise will allow the cashers up to 28 to keep their money. Then they will pay everyone else out ICM.

Good analysis, but I would think rather than shutting down the poker rooms, they would just cut the size/tables and scale it all down to something with much lower overhead (dealers, floor, etc.). But it seems that at least at Borgata and Harrahs Philadelphia, where I play, there is demand for the current sizes.

I checked with my lawyer wife, and the sharks will come out of the water for this. The NJGC might try and use some sort of immunity angle (in terms of legal defense), which they might even have, but not sure about Borgata. It just seems to me that this was avoidable and by using the same chips for tournaments the situation was ripe, even though in this case the criminal minds behind it were morons because this strategy was never going to fly. Unless, of course, the goal was to just cash out, make a little money before it's discovered and blow the place. In the end, this was an impossible crime to pull off, hence the low aptitude of the perpetrators. They should have known that at some point, it would have been obvious that the chip count was way off, and the whole thing would be rendered moot.

Of course, if they thought they could get away with it for any extended period and not be discovered, they would just get in line with the rest of the field and hope to cash out via lawsuit or threat of lawsuit (which means they would have to be among the 27 finalists, who have the the most to lose if the cancellation means minimal cash in their pockets, making them the most likely to hire lawyers).

Just imagine you are one of the 27 and you honestly played your way there (with plenty of the usual luck too). Now, you are facing at best, a 27-way split, and at worst, a refund? And what if it's your first big run in a large tournament, after years of trying without success. Talk about pain and suffering.

Basically their only option unless they want to get totally ****ed

Okay so I know they cancelled the event with 27 left and froze the remaining cash. prizes. My question is will they continue the tournament after investigating? If not How will they distribute the remaining cash prizes to the final 27?

No, it won't restart, it's been canceled.

And no one knows how they are going to handle the final 27 at this point.

Read the damn thread that's what people have been discussing all day

Not cool, man. Not cool.

Yep! Using up your run good on a cancelled tournament! That's run bad.

def gonna be some lawsuits

Not sure about NJ, but in Nevada they could tag you with multiple class B felonies, and most likely for each chip. You could die broke in jail. And I doubt Jersey is much different.

I would guess New Jersey will go for protect the players. My guess is the Borgata will be forced to refund all entries, and pay the final 27 (less anyone if they were involved) in a manner suitable to the majority of the 27. I would guess a chop by chip count with the min payout 27th place.

Borgata is gonna have to eat it and I mean all of it. They will have to take the $3,000,000 hit or nobody will trust a poker room in New Jersey, and the state knows it.

Players will be made whole, and the Borgata will be in the hole.

I would hold out for a free parking chit as well.

I agree played every January for last 7 yrs. This one was so bad in hind sight i wished i stayed home. My gut was telling me not to go because last year was marginal but this one had so many bad dealers. Put me on serious dealer tilt and bad play ensued.

Sent from my SCH-I535 using 2+2 Forums

I was just speaking with a friend who played day 1a and day 1b. Day 1a in the Event Center he got 20k in chips and busted. On day 1b he was seated in the Signature Room and got 25k in chips starting. There are I believe 25 tables in the Sig Room so if everyone there was given an extra 5k chip to start, well there's the 1 million extra.

As for the whole counterfeit chip thing, well that's another story.

I think an even split is fair among the final 27, though I get the chip ratio solution too. Even the lowest stacks could have staged a comeback in 3-4 hands. I know, not fair to chip leaders. But assuming none of the 27 are pinched, then they need some sort of payout to those final 27.

But you are right. Borgata has to eat every morsel of this, or they are gonna be in it deep.

I was going to go down and play in the Seniors event tomorrow, still will. I can rest assured that no BYOC players will enter that event. Wait, how old is MTM? Is joke.

lol at even split being most fair

Yea really. Nice try, guy in 27th place.

ICM obv.

Wtf man... this **** should just NEVER happen. There were dealers crying? Wtf if this was the case...

Way to stay classy players

Way to make that money B

I was in Sig room on 1b and got 20k chips

There's no crying. There's no crying in poker.
https://www.youtube.com/watch?v=6M8szlSa-8o

There is no crying in Poker. Temper tantrums however, seem to be expected and allowed. (cue the Phil Helmuth video)

I guess it wasn't at every table there.