In July 2014, high-stakes poker profiles Daniel "jungleman12" Cates and Phil Ivey paid $1 million each to bailout Richard Yong and his son Wai Yong, who both stood accused of accepting illegal bets on 2014 FIFA World Cup. Richard Yong was later freed from all charges, and now Cates has received his $1,000,000 bail money back + an extra $63.
It has been a very thrilling weekend in the land down under. Let's get to it right away. On Saturday, after a couple of days break, the final 8 players of 70 entries returned the Exhibition Hall at Crown Melbourne to play the final table of the $100,000 Challenge event.
18 players entered the Asian Poker Tour (APT) Manila Millions with a massive HK$1,000,000 buy-in (approx.$129,000) and four rebuys were made during Day 1 (last Thursday). 7 players returned to play last Friday and Joseph Cheong had the lead with 738,000. After a few hours of play, Cheong, Richard Yong, Paul Phua and Peter Chan were all in the money and, believe or not, Cheong eliminated all of them to claim the first place prize of $10,428,000 (approx. $1.3 million)
This was Joseph Cheong's biggest live tournament cash to date and he now has $7,000,000+ in live tournament winnings.
Final table results: 1 Joseph Cheong $10,428,000 2 Richard Yong $6,548,000 3 Peter Chan $4,123,000 4 Paul Phua $3,151,000
The Magestic Super High Roller (with re-buys) is now 2-days-old and 49 players (11 rebuys and 61 entries in total) have become a final table of 9. Day 1 chip leader John Juanda will bring the most chips to the final table today. With 2,596,000 chips he has about 1.2 million more than his closest competitors Richard Yong and Philipp Gruissem.
The total prize pool is €2,880,000 and 8 of the remaining 9 players will receive a share of it. The winner of the tournament will get €1,000,000 and the coveted gold bracelet!
End of Day 2 Chip Counts:
1. John Juanda 2,596,000 2. Richard Yong 1,309,000 3. Philipp Gruissem 1,308,000 4. Steve O'Dwyer 1,146,000 5. Tobias Reinkemeier 904,000 6. David Benefield 551,000 7. Jani Sointula 489,000 8. Winfred Yu 368,000 9. Mike Watson 299,000
Not even 2 weeks have passed since Antonio "The Magician" Esfandiari took down the most expensive tournament in poker history, The Big One for One Drop at the 2012 WSOP, for bank-busting $18,346,673! Now it seems like a new big high roller tournament is on its way...