Quote:
Originally Posted by RecreationalPlayer
So the people suing him are estimating his net worth to be very high and therefore capable of being able to pay out. Hmmm. I wonder why they would do something like that.
I think the number of people who really know, you could count on one hand. If they push for this ridiculous $30m they want, they will not get a penny.
Quote:
Originally Posted by davmcg
from the article
Those holdings are in the ballpark of $100 million, claims Borgata, and include a Clark County condo, a home in Mexico, and a number of business ventures headed by Phil Ivey Enterprises
Do you think they have wrongly valued these?
Why do you think they won't get these assets?
they have almost certainly wrongly valued these, why would you think otherwise?
a condo and a mexican house can only make up a fraction of their estimate. valuing a single business is not always straightforward for professionals with access to all the business' private information. Let alone accurately valuing a "number of business ventures" without any access to the private financials and other info of the businesses. Also, it is in Borgata's interest in this situation to inflate the estimated value, so there is no reason to think their $100m is in any way accurate