The Aussie Millions AU$250,000 Challenge attracted 46 entries this year. Phil Ivey was one of the players who fired only one $250k bullet and he made it to Day 2 with 622k chips (7th place). He then made it to the eigh-handed final table with the second smallest stack (976k), but he played very well and (after several hours of play) made it to heads-up against Isaac Haxton (PokerStars Team Online).
Haxton was in front with about 1 million chips when the battle kicked off, but Ivey fought well and evened out the score in no-time. During Level 19 (80k/160k 20k ante) Ivey took down a monster pot, which left Haxton with less than 3 million chips. Then it didn't take long until the final hand of the tournament was played...
Ivey limped from the button for 160,000. Haxton raised all in and Ivey decided to call with A6. Haxton turned over 87. The board ran out AK973 and Haxton was eliminated in second place for AU$2.82 million! Phil Ivey received AU$4 million and became the first two-time champion of the event. He now has over $20,000,000 in lifetime tournament earnings!
1 Phil Ivey $4,000,000
2 Isaac Haxton $2,820,000
3 Mike McDonald $1,900,000
4 Daniel Negreanu $1,250,000
5 Fabian Quoss $800,000
6 Tom Dwan $500,000