Posts Tagged ‘tom ballance’

Counterfeit Chips Lead to Borgata $2 million Cancellation

by | Published: Wednesday, January 22nd, 2014

Following a 24 hour investigation, the Borgata Hotel Casino and Spa and New Jersey Division of Gaming Enforcement cancelled the Borgata Winter Poker Open $2 million Guarantee event after it was found that one or more entrants had used a large amount of counterfeit chips throughout the duration of the tournament.

The opening event of the 2014 Borgata Winter Poker Open, the $2 million guaranteed tournament was initially suspended last Friday when a total of 27 players remained in the running for the lucrative crown; however it was quickly found the tournament had been compromised and must be called to a premature close, with all unpaid prize money frozen pending a complete investigation.

Tom Ballance, President and COO of the Borgata Hotel outlined the situation via a press release on Saturday evening.

“Thus far, investigators have found that one or more tournament entrants improperly introduced a significant number of counterfeit chips into the tournament, gaining an unfair advantage and compromising the integrity of play for the event” Ballance said.

“It is extremely unfortunate that the criminal actions of these individuals can have a detrimental impact on more than 4,000 other entrants.

“We fully understand and regret the disappointment this cancellation causes our valued customers, and we will work diligently with DGE investigators to resolve the situation as quickly as possible. The integrity of our games and the confidence of our players is of the utmost importance to us.”

Despite this major setback to the first event of the Borgata Winter Poker Open, Ballance revealed the remainder of the series will continue on schedule.

“We thoroughly verified all remaining chips in our inventory, and are confident in moving forward with our tournament schedule as planned and approved by the New Jersey Division of Gaming Enforcement”.

Be sure to return to Poker.com frequently, as we will be staying with this story until finals resolutions are reached.

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