Borgata Poker Schedule

• Borgata Poker Schedule January 2020
• Borgata Poker Room Rake
• Borgata Poker Room
• Borgata Poker Room Rate
• Borgata Poker Schedule 2020

©2020 Casino Schedule Ease Online. All Rights Reserved. Version 6.7.0 - WEB-V-10. 2020 Borgata Spring Poker Open Online Series Schedule The bolded tournaments will be live reported here on PokerNews, while we will incorporate mini-recaps of each event in both the live blog.

Card Player Magazine, available in print and online, covers poker strategy, poker news, online and casino poker, and poker legislation. Sign up today for a digital subscription to access more than 800 magazine issues and get 26 new issues per year!

As just about everyone in the poker world knows, Phil Ivey won some $10 million playing baccarat at the Borgata in 2016. However, a federal court in New Jersey determined that Ivey’s use of “edge-sorting” was a breach of his contract with the casino and therefore the Borgata was entitled to get its money back.

But how does it get its money back? When a court finds that one party owes money to another party, it issues a ruling to that effect but does not normally order the party to pay up. Why? Because if you disobey a court order you can be jailed for contempt. So if you refused to comply with a court order to pay money, you could be imprisoned, which would revive the debtors’ prisons that have been long discredited.

• World Poker Tour will run the 2020 WPT Borgata Winter Poker Open from 14 th till 31 st of January at the Borgata Hotel Casino. The tournament features over 33 events including event such as the Borgata DeepStack Kick-Off NLH, DeepStack Black Chip Bounty NLH and the Almighty Stack NLH.
• Complete schedule and details for 2020 Borgata Spring Poker Open at Borgata in Atlantic City, NJ, including registration times, buy-ins, blind structures, starting chips, prize pool guarantees and game information.

Instead of ordering the loser to pay the winner the money, the court instead gives the winner a piece of paper called a judgment that says that the judgment debtor owes the money to the judgment creditor. By itself, that paper doesn’t really do much. If you loan me money and I don’t pay it back, it is pretty clear that I owe you money. So, what difference does it make if a court agrees and issues a judgment?

Borgata Poker Schedule January 2020

The difference is that, once you have a judgment, you can use the machinery of the state to try to recover the money. On behalf of the judgment creditor, the sheriff can seize the debtor’s assets, garnish their wages, etc.

But even with those powers, it is not that easy to recover on a judgment. The Borgata tried for years to find and seize Ivey’s assets to satisfy its judgment before eventually agreeing to an undisclosed settlement in July.

One such asset was his winnings at the 2019 World Series of Poker of $124,410 that he got for finishing eighth in the $50,000 buy-in Poker Players Championship. That money was turned over by the Rio in order to help satisfy the Borgata’s judgment. But then an interesting twist came up.

Two poker players came forward and said, “Hold on. That money does not all belong to Ivey. We staked him the $50,000 entry fee in return for a 50 percent share of any profits, so according to our contract, $87,205 of that money is not Ivey’s but ours and we want it back.”

Are they entitled to get it back from the Borgata? I have seen a lot of news stories about their claim, but nothing about the resolution, so I am going to take a stab at predicting the result.

The long and short of it is, if the seizure was legal, the players who backed him probably don’t have a good claim. Once Ivey won the money in the tournament, the backers had a contractual right to recover $87,205 from him, but they did not have the right to recover the particular funds that the Rio designated as his winnings. If multiple creditors are seeking money from a debtor, the basic rule is that the first in time to get the money gets to keep it. If, for example, Ivey had put the money in a bank account and paid the players before the Borgata seized the bank account, they would get to keep it.

Are there exceptions to this rule? Of course. This is law, so there are always exceptions. One exception is that if a debtor grants a security interest in the debtor’s property, and the secured party takes the proper steps to let the world know of its interest (a process called, for some reason, perfection), then the secured party comes out ahead of other creditors, including judgment creditors.

For example, assume a dealer sold a car to Ivey on credit, took a security interest in the car, and properly perfected. Then if the Borgata had the sheriff seize the car to satisfy its judgment, the sheriff would say, “Sorry. The car dealer comes in ahead of you because you merely have a judgment while it has a perfected security interest.” The other nice thing about having a security interest, as you know from watching repo reality shows on TV, is that you can seize the assets in which you have an interest in without first going to court.

The other main exception to the first-in-time rule is bankruptcy. We often think of bankruptcy as being for the benefit of the debtor who declares bankruptcy, but it is also for the benefit of the debtor’s creditors. Instead of the first creditor to seize an asset coming out ahead, in bankruptcy they are all treated equally. And if a creditor got paid in the 90 days before the bankruptcy, it is likely that the payment will be clawed back so that all the debtor’s creditors can get a share of those funds.

Well, not all. There are exceptions to equal treatment in bankruptcy as well. Although judgment creditors get no advantage in the bankruptcy process, one group that does have an advantage is the creditors with a security interest. A properly perfected security interest generally remains effective in bankruptcy. That is, bankruptcy will discharge debts, often for pennies on the dollar, but security interests are protected. A secured party is entitled to the value of the property in which it has a security interest, up to the amount of the debt.

The moral of the story is that it can be hard to recover a debt. If you are a creditor and want to get to the head of the line when it comes to recovering from your debtor, get a security interest in the debtor’s property. If Ivey’s backers had gotten and perfected a security interest in Ivey’s share of the Rio winnings, they would have come ahead of the Borgata. ♠

Scott J. Burnham is Professor Emeritus at Gonzaga University School of Law in Spokane, Washington. He can be reached at profburnham@yahoo.com.

Table Of Contents

The latest partypoker US Network Online Series is a special one as they’re partnering with the World Poker Tour to offer New Jersey players the first-ever WPT Online Borgata Series powered by partypoker US Network.

The series, which runs from September 13-21, is comprised of 10 events with more than $275,000 in preliminary and post-lim guarantees. The keystone tournament on the schedule is the two-day $1,060 buy-in WPT Online Borgata Series Main Event on September 20. The final table of that event will be live-streamed on Monday, September 21.

As the press release states: “The festival showcases three of poker’s premier brands – WPT, partypoker US Network, and Borgata Poker Open – all in a single series to bring the best of WPT and Borgata Poker Open live events to homes across New Jersey.”

Other highlights on the schedule, which can be viewed below, include a $215 Kickoff Event, $535 Heads-Up (32-player cap), PKO Bounties, and more. There will also be plenty of Main Event qualifiers. Here’s a look at the qualifier schedule”

• $5 Daily Qualifiers start on Sunday, Sep 6
  2:30 p.m. 5:30 p.m. 8:30 p.m. 10:30 p.m.
  (1 in 5 wins online entry into $45 Qualifer)
  3 seats guaranteed
• $45 Qualifier into WPT $215 Satellite start on Sep 6
  7:30 p.m. Daily
  (~1 in 5 wins online entry into $215 satellite)
  5 seats guaranteed
• $215 Satellite Turbo WPT Online Borgata Series Main start on Sep 6
  8:30 p.m. Daily
  (~1 in 5 wins online entry into $1060 WPT Online Borgata Series Main Event)
  5 seats guaranteed

Borgata Poker Room Rake

Second Act Shaping Up to Be Big

The series follows June’s highly-successful partypoker US WPT Online Poker Open, which attracted 868 entries and offered up a $317,540 prize pool. It set the record for the New Jersey online poker network surpassing the $302,100 prize pool for the $320 buy-in partypoker US Network $250K GTD back on March 29.

David 'TheKing411' Coleman wound up winning that tournament for $56,586.

“partypoker US Network continues to identify opportunities to provide the best online poker experience for our players. We are proud to expand our relationship with the World Poker Tour and provide players across New Jersey with another state-of-the-art offering,” said Ray Stefanelli, Director of Poker for partypoker US Network. “The WPT Online Borgata Series combines the live prestige of the WPT and Borgata to the online poker community across the partypoker US Network.”

WPT Executive Tour Director Matt Savage added, “Live tournament series at Borgata have been a staple of New Jersey poker for many years and the WPT has worked alongside the partypoker US Network team to bring the best assets of the live product into this online series including WPT-level structures, quality side events, and satellites for the main event.”

WPT Online Borgata Series Schedule

The highlighted tournaments will be live reported here on PokerNews.

Get Your $1,000 Deposit Bonus on partypoker US

Are you a New Jersey resident interested in playing online poker? Planning a visit to the Garden State and want to check it out? If so, PokerNews has a great deal for you with Nj.partypoker.com.

Take advantage of a simple new player bonus that rewards you with extra cash as you continue to play poker and casino. They have the easiest bonus to clear in New Jersey, so you essentially end up getting half of all your fees back in cash!

Borgata Poker Room

Simply make a deposit, and we’ll match it, up to $1,000!

So, if you deposit $1,000, we’ll give you an extra $1,000, which will be paid into your account in 10 equal parts as you play and collect points. That’s real money you can use to:

• try out a new cash or fast-forward cash table
• experience their Sunday $40K Guaranteed and $10K Daily Guaranteed
• try their casino games and test your luck on their seven-figure jackpot slots

It's easy to get started:

Borgata Poker Room Rate

• Sign Up — Register an account with Nj.partypoker.com and enter all your info, like name, date of birth and SSN,
• Download — Get the app on iOS or Android to start playing
• Deposit — Make your first deposit and we'll match it up to $1,000

Borgata Poker Schedule 2020

• Tags

  BorgataMatt SavageNew JerseyOnline PokerpartypokerWorld Poker TourWPT

• Related Room

  PartyPoker

• Related Tournaments

  World Poker Tour

• Related Players

  Matt Savage