Judge: Poker pro Ivey, pal broke gambling rules in $10M win

Markets Associated Press

A federal judge says poker pro Phil Ivey and a companion violated New Jersey gambling regulations in the way they won nearly $10 million at cards at an Atlantic City casino.

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The U.S. District Court judge ruled Friday the pair didn't meet their obligation to follow state gambling regulations in 2012 by having a dealer at the Borgata arrange cards so they could tell what kind of card was coming next. She gave the casino 20 days to outline damages it says it suffered.

The Borgata claimed the pair exploited a defect in cards that enabled them to sort and arrange good cards.

But Ivey asserts his win was the result of skill and good observation.