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10-22-2018 , 07:15 AM
#1
leetnewb
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Article was published on HSDB yesterday which claims that Phil Ivey's assets are valued in the tune of $100M, based on what Borgata and its lawyers are suggesting.

The Borgata Casino claims that Ivey intentionally emptied his NY bank account in oder to avoid the casino to collect its money from $10 million judgment.

Always knew that Ivey is loaded, but didn't know he's that rich.

Thoughts?

https://www.highstakesdb.com/9129-ph...10m-in-nv.aspx
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10-22-2018 , 07:20 AM
#2
1hitwonder
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Is 90 million from the Full Tilt piggy bank?
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10-22-2018 , 07:23 AM
#3
yasuo
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my initial thought was somewhere around $50m so $100m is not surprising to me. he probably had the largest share of the poker boom money
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10-22-2018 , 08:17 AM
#4
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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.
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10-22-2018 , 09:15 AM
#5
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One hand? More like one finger
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10-22-2018 , 09:26 AM
#6
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Ivey probably had insurance.
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10-22-2018 , 09:43 AM
#7
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lol no way he has 100m
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10-22-2018 , 10:16 AM
#8
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Let me preface this by saying that we’re all obv being NVG-tards and speculating on things about which we know nothing.

That said, I don’t think Ivey would have risked his reputation, financial health and maybe even freedom to cheat at baccarrat if he actually had 100m to his name.
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10-22-2018 , 12:22 PM
#9
prahsk87
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Quote:
Originally Posted by civ77
Let me preface this by saying that we’re all obv being NVG-tards and speculating on things about which we know nothing.

That said, I don’t think Ivey would have risked his reputation, financial health and maybe even freedom to cheat at baccarrat if he actually had 100m to his name.
Martha Stewart got caught for insider trading over selling $230k of stock and avoiding $46k in losses. Not sure what her net worth was at the time but it's pretty likely that was a much smaller portion than what Ivey stood to win.
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10-22-2018 , 12:22 PM
#10
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Quote:
Originally Posted by civ77
Let me preface this by saying that we’re all obv being NVG-tards and speculating on things about which we know nothing.

That said, I don’t think Ivey would have risked his reputation, financial health and maybe even freedom to cheat at baccarrat if he actually had 100m to his name.
Not saying I think Ivey has or doesn't have 100M. Also don't agree that he cheated. But to your flawed logic - you're right! Rich people would never risk their freedom!
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10-22-2018 , 01:23 PM
#11
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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.
from the article

Quote:
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?
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10-22-2018 , 05:34 PM
#12
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Ivey is the greatest poker player of all time.
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10-22-2018 , 06:08 PM
#13
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No going to go into how i know, But Ivey's net worth is less than $1 million
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10-22-2018 , 06:16 PM
#14
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Quote:
Originally Posted by PokerFan2008
No going to go into how i know, But Ivey's net worth is less than $1 million
I wouldn't be shocked if this were indeed the case as surprising as it sounds. I'd be shocked if he had more than 10 million to his name.
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10-22-2018 , 07:20 PM
#15
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It's def possible he has 100 million but also not unlikely he's worth less than 1 million. Wonder if he still plays high stakes craps.
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10-22-2018 , 07:42 PM
#16
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ivey for sure has money and i wouldnt be surprised if he is somehow up lifetime on craps
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10-22-2018 , 07:46 PM
#17
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Quote:
Originally Posted by PokerFan2008
No going to go into how i know, But Ivey's net worth is less than $1 million
I find it hard to believe anybody has won as much as him and didn't at some point buy a million dollars worth of house(s)
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10-22-2018 , 08:17 PM
#18
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Quote:
Originally Posted by prahsk87
Martha Stewart got caught for insider trading over selling $230k of stock and avoiding $46k in losses. Not sure what her net worth was at the time but it's pretty likely that was a much smaller portion than what Ivey stood to win.
Actually, she was convicted of conspiracy, obstruction of justice, and making false statements to federal investigators. The feds could never make the case for insider trading, so they went after her for not cooperating with them. The judge thought her acts were so egregous that she served 5 months instead of the maximum of 20 years.
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10-22-2018 , 08:40 PM
#19
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Originally Posted by SuperSwag
Wonder if he still plays high stakes craps.
What are the odds that a degenerate suddenly decides to stop gambling?
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10-22-2018 , 08:40 PM
#20
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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
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10-22-2018 , 08:41 PM
#21
smoothcriminal99
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I'm sure his business ventures are being overvalued to benefit borgata and he shifted a lot of money out of his personal account to corporations he owns to avoid this judgment. He obviously doesn't have very much liquid if they're attempting to go after his assets/prevent him from declaring some type of bankruptcy protection to avoid paying the judgement. (obviously he prob has a lot of cash/chips stored somewhere/multiple places but doubtful he has a lot more then what the judgement is for)
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10-22-2018 , 09:19 PM
#22
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Standard Lawyer stuff. The dude probably has less then 1mill liquid and maybe a few mill in assets. Degens like him don't have serious money.


I like how they showed his online graph without his Pstars name included. Didn't dude drop a huge part of his winning post 2011? POLARIZING!


If it's news then most likely there's a ton of bull**** in the story as always. If there's lawyers involved..... may as well times that by 1000.
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10-22-2018 , 11:52 PM
#23
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Gotta pay that judgement, somehow. Is there a possible jail sentence for non-pay? Or, is it just gamble in Asia for the rest of his life?
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10-23-2018 , 01:05 AM
#24
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its actually bull**** that he would have to pay crockfords they obliged him with the game and the way it was played , they got hustled while trying to hustle someone , **** them.

as far as legality im wondering if ivey is a us citizen why not just say **** england and not go back. what forces him to pay from the usa?
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10-23-2018 , 01:14 AM
#25
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Quote:
Originally Posted by fishfood69er
its actually bull**** that he would have to pay crockfords they obliged him with the game and the way it was played , they got hustled while trying to hustle someone , **** them.

as far as legality im wondering if ivey is a us citizen why not just say **** england and not go back. what forces him to pay from the usa?


This is the Borgata in Atlantic City.
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