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.
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Replying to @Grange95 @jesswelman
2/ During an appeal, a party can stay enforcement of a civil money judgment by posting a supersedeas bond, which is just a surety bond issued by an insurer guaranteeing payment of the judgment if the appeal is unsuccessful.
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Replying to @Grange95 @jesswelman
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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Replying to @Grange95 @jesswelman
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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Replying to @Grange95 @jesswelman
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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Replying to @jesswelman
Not being able to pay won’t be a legal defense on appeal. If he truly doesn’t have the money, then he can go to bankruptcy court, pay what he can afford under bankruptcy rules, and have the rest discharged.
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If Ivey can’t pay the judgment, he likely won’t be able to get an appeal bond (insurers underwrite surety bonds so they don’t get stuck holding the bag). This is a common problem for individuals facing large judgments without insurance.
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