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Borgata To Pay Final 27 Impacted By Cheating Scandal In Poker Event $19,323 Apiece

Casino Also To Refund Buy-Ins For 2,143 Players

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The state of New Jersey has figured out what the Borgata casino in Atlantic City should do to resolve the cheating scandal at one of its poker tournaments in January.

The $2 million guarantee event, the first of the 2014 Borgata Winter Poker Open, was rocked by the discovery of counterfeit chips in play. Christian Lusardi, the man accused of the crime, is in jail awaiting trial. Lusardi made a small cash in the event.

The state said the casino will be in charge of distributing $1,721,805 to affected players, which includes $1,433,145 in prize money that was frozen when the event was suspended, and then later canceled, as well the $288,720 in rake the casino made.

The buy-in for the event was $500+$60.

According to the investigation, a total of 2,218 players “were not impacted by the alleged criminal conduct.” The state also said that the review determined 2,143 players “may have been impacted” by the counterfeit chips coming into play.

In order to make such determinations, the investigation basically looked at if a player had “reasonably” come in contact with fake chips or played in the same room as Lusardi.

Borgata has been told to pay $560 to each of the 2,143 players who may have been impacted. That group only includes those who were eliminated from the event prior to reaching the money. The top 450 made the money in the event, out of the 4,814 who entered.

As for the final 27 who were still alive in the event when it was canceled, they each will collect $19,323—a mere pittance compared to what was to be awarded to first place.

Those who finished 28th to 450th, and who have been paid already, will not receive any additional compensation. There are still some who cashed who need to be paid, though. A sum of nearly $51,000 is owed to those players.

Some in the poker community were very critical of the resolution to the cheating scandal.

Poker pro David Bach Tweeted: “Horrible ruling in Borgata Chipgate. Very unfair to final 27. Shocked that Borgata would not make a fair resolution, totally their fault…Just absurd that the final 27 chip leaders are basically coming out of their pocket to pay for Borgata security lapses.”

LusardiThousands of poker players filed a lawsuit in February claiming that the casino didn’t do a good enough job to prevent the cheating from happening. In other words, alleging negligence. The suit aims to get buy-in refunds, as well as reimbursement for travel costs.

“In my 31 years in practice, I have to say this is one of the cleanest claims we’ve had,” the lawyer involved with the suit told Press of Atlantic City. “Borgata holds itself as a respected provider of poker tournaments. They might say this is a learning experience for them, and while that’s laudable, it’s at the expense of the thousands who traveled to Atlantic City…under the expectation that it would be run properly.”

As a result of the incident, the Borgata did obtain new, high-tech tournament poker chips. They were unveiled just recently at one of the casino’s tournaments. The casino told the Associated Press that the move was “very expensive, but very necessary.”

While the Borgata has faced a heavy loss resulting from Lusardi’s alleged act, that amount isn’t nearly as much as the casino suffered from Phil Ivey, who the casino recently said cheated it out of $9.6 million in a high-stakes baccarat session in 2012. The Borgata has filed a federal lawsuit against the poker pro. Some believe that Ivey’s alleged technique isn’t actually cheating.

 
 
 
 

Comments

TheFly
over 6 years ago

Terrible, the remaining 27 players should have simply received an equal 27-way chop of the remaining prize pool, with Borgata coming out of pocket for all other mandated payouts.

 
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Zack2
over 6 years ago

completely agree. if i was chip leader i would be flipping. although the guy in 27th im sure is a lil more happier. or offer the final 27 additional entries into every tournament for next years series. 20k really aint so bad but at that point you have to add a little more in for the time. they do it for people who get injured, its called extra for pain and suffering. 20k is great but for those 27, you ruined some dreams, more is needed

 
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TheFly
over 6 years ago

If the article is correct that $1,433,145 was the remaining prize pool for the 27 unpaid players, then each of the 27 should have received $53,079. With a payout of only $19,323, the prize pool for the remaining players was effectively reduced by 64%, how does that make any sense?

 
 

sportznut1000
over 6 years ago

i dont really feel like doing the math right now but from what i know about big sleezy companies im gonna take a guess the borgata is just dispering the 1.721 million in prize money (funny how with a 2 million guaranteed tournament the state let them get out of not having to pay at least the 2 mil) and out of that 1.721 in prize money they used that to pay out all the players who didnt cash which the state forced them to return. actually ill do the math because it looks like im right and it evens out. the 2,143 players that were deemed to have been impacted get their buy in of $560 back. multiply those 2 together and you get $1,200,080. then take the 27 players multiplied by their payout of $19,323 and you get 521,721. so add the 1,200,080 + 521,721 and you get $1,721,801 a difference of a measley $4 from what they have to pay out. so even though they guaranteed 2 million they are paying out 1.721 million and they just took the money that should have gone to the top 27 and paid it out to all the players who didnt cash. such a sleazy move. the borgata should be paying that out of pocket. not taking it away from the remaining 27

 
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sportznut1000
over 6 years ago

so i guess if thats correct then the borgata is eating all the money paid out to the places 28th-450th. i still dont agree with taking the remaining money from top 27 and just giving that to all the players who didnt cash

 
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