Poker News – PokerNews contributor and East Coast-based attorney Maurice “Mac” VerStandig is an expert on the American gaming scene. Well-versed in casino management from common issues of fraud and theft prevention to the Unlawful Internet Gambling Enforcement Act and Indian Gaming Regulatory Act, VerStandig has a strong background in bankruptcy work and is also skilled in the strategic valuation and monetizing of complex assets. He applies that knowledge to all areas of his practice, from fraud recoveries to traditional insolvency proceedings. Here, VerStandig takes a look at the Borgata lawsuit against Phil Ivey and offers his opinion on its…

Poker News – Last week, Borgata Hotel Casino & Spa in Atlantic City filed a lawsuit against Phil Ivey seeking reimbursement of $9.626 million in winnings he won at the baccarat table during four sessions back in 2012. The nearly 60-page complaint, which PokerNews recently obtained in full, alleges that Ivey used “edge sorting” — a technique where in which he was able to spot tiny variations in the pattern printed on the backs of the cards. The suit also names card manufacturer Gemaco Inc., which designed the cards, as well as Ivey’s partner, Cheng Yin Sun, who reportedly accompanied…

Las Vegas Review Journal – Professional poker standout Phil Ivey has been sued in federal court by the Borgata in Atlantic City, which claimed the $9.6 million he won at the casino in 2012 was earned through cheating at high-stakes mini-baccarat. The casino, which is 50 percent-owned and managed by Las Vegas-based Boyd Gaming Corp., claims Ivey, one of the world’s best known poker players, manipulated a defect in the playing cards through a special manner of dealing that he requested. According to the lawsuit, filed Wednesday in U.S. District Court in New Jersey, Ivey was assisted in the scheme…

Professional poker player Phil Ivey is set to be the front man for a joint venture between the Pala Band of Mission Indians and former bwin.party CEO Jim Ryan, PokerFuse PRO has learned. The new entity, Pala Interactive, plans to offer online poker and casino games in California upon regulation within the state. And though the deal is currently limited to potential offerings in California, the agreement could be extended beyond the state at a later date. Pala Interactive is slated to use software provided by Realtime Edge Software (RTE), a company that lists bwin.party, GTECH, RocketFrog and ClubWPT among…