1/ Good question! I am not a lawyer, but ... It depends. With the recent court ruling on the Borgata-Gemaco dispute, it appears the Borgata-Ivey judgment (which had been stayed) can now be appealed.
3/ If no appeal bond is posted, the judgment can be enforced. Here, Borgata could garnish wages, levy on bank accounts (or private cashier cage boxes at a casino), or seize poker tournament or cash game winnings.
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4/ However, collecting on judgments is hard. Here, the judgment would have to be filed in a Nevada court. Then Borgata would have to use Nevada collection methods, which can take time (lots of paperwork and process serving).
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5/ So, unless Borgata has been preparing well in advance, the window for seizing cash from Ivey at the WSOP might be too short.
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