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Does that also mean that lost money would need to be returned? Would the casino be obligated to notify past players of this and return their losses?

Sure. After they show that the casino knowingly used marked cards to gain advantage against them, as the casino did vs Ivey. Which I'm not even sure is possible in Baccarat, since my understanding is that it's a purely mechanical game from the house perspective, like Blackjack. As in, any choices made by the house are dependent only on information that is witnessed by all players.

> Only the money earned during the game is to be returned.

Part of the ruling was that Phil Ivy had to pay back $500,000 which he won in a craps game as well.

If I steal $100,000 dollars from you, then use some of that money to buy your car, would you expect to have your car returned to you?

> Only the money earned during the game is to be returned.

And proceeds that were gained using the winnings.