Here’s the ESPN E:60 segment in case you missed it. His first job: flipping burgers at McDonald’s. Parents briefly felt like failures when his life turned all-casino. He’s been technically homeless, sleeping under a bridge in Atlantic City. Built his bankroll by taking his last $50k and turning it into 2 Months $2 million. And eventually, he was the MVP helping “The Corporation” felt Andy Beal for 8-figures +.
Great stuff from a non-pokery ESPN reporter who gets to find out firsthand what it’s like being the craps cooler Ivey believes cost him more than $240k.
In a 2005 advisory, then-Atty. Gen. Bill Lockyer cautioned casinos that the promotions violated state law unless players were allowed to win the jackpots without paying the fee. It’s the same legal principle that requires McDonald’s to give away game pieces for its popular Monopoly game to consumers who ask for them, regardless of whether they buy anything.
On its surface, the lawsuit seems like a hustle. I’m not sure how much in damages are they’re seeking, but the suit requests class-action status and hopes to enlist 10s of thousands of poker players as plaintiffs. But at the same time, Chae and Kim may have a technical point, at least to the extent that casinos advertise these promotions. We’ll have to see about how the finer details of rakeage break down according to California law. Honestly, can’t see this getting too far … but then again, it’s hard to say how many people might jump at the chance to score some rebate and slightly improve their EV retroactively.
