Enter the code as a player name to unlock cheat mode.
After you get in cheat mode: Begin a match, then press L2 + R2 + Square during your turn.
To unlock The Devil and the Judgement venue, begin a new hustle and defeat every CPU player BEFORE facing Philly Joe. Upon defeating Philly Joe, the screen will turn red and you will face The Devil in a battle for your soul! Note: if you are defeated by The Devil, you lose the hustle and there are no rematches. To face The Devil again, simply reload a save of your hustle game and defeat Philly Joe again.