Event 8: $100,000 Challenge

Phil Ivey Eliminated in 2nd Place ($600,000 AUD)

Phil Ivey - 2nd Place
Phil Ivey had the button and raised to 100,000. Dan Shak moved all in and Ivey quickly called off the rest of his chips.

Ivey: {A-Diamonds} {10-Diamonds}
Shak: {A-Clubs} {7-Clubs}

Ivey had Shak's hand dominated and was in prime position to double up and continue the match. He was all in for a little over 500,000.

The dealer burned and dealt the flop, spreading the {Q-Clubs} {7-Hearts} {5-Spades}. Shak went from worst to first, picking up a pair of sevens. Ivey was now the one needing help to win the hand.

The turn card was the {4-Diamonds}, not helping out Mr. Ivey. The final card on the board was the {4-Clubs} and tht was it, Ivey was eliminated in 2nd place, leaving Shak as the winner.

Ivey and Shak embraced with a hand shake and a big hug. Ivey exited the stage to a standing ovation and round of applause from the crowd. Everyone was reminded that with this finish, Ivey took over the lead on the all-time money list.