Poker King Club President Winfred Yu revealed to PokerNews about a week ago that Phil Ivey and Daniel "jungleman12" Cates were in Manila for some high stakes cash games. Believe it or not but, according to Yu, some games had blinds of HK$20,000/$40,000/$80,000 (approx. $2,500/$5,000/$10,000).
As you can imagine, one can lose and win a fortune in a single day playing such high stakes. In fact, it didn't take long before Daniel Cates revealed on twitter that he had lost 5 million dollars!
Let's hope for more information on these massive cash games soon!