Bonomo Gets There and Busts Ivey

Last year's champion, Justin Bonomo, just stormed his way to 550,000 in chips after busting Phil Ivey from the tournament, but it wasn't without a bit of luck to give Bonomo the win.

Bonomo, Ilya Bulychev and Ivey put in 10,000 each preflop with Ivey in position. The flop came down , and action was checked by Bonomo and Bulychev in that order before Ivey fired 15,000. Bonomo called, then Bulychev folded.

The turn was the , and this was where the fireworks shot off. First, Bonomo checked, which seemed pretty innocent, until he check-raised all in after Ivey bet 40,000. Ivey quickly called with the for a set of sevens. Bonomo had the for a double gutter and flush draw.

Needing any diamond that didn't pair the board, a nine or a five, Bonomo found what he needed when the dealer ripped off the on the river. That gave him a straight, and Ivey was left felted.

Ivey was up and out of his chair immediately and made a straight shot for the exit of the venue. He'll still have all day today and until play begins tomorrow to re-enter, so we'll keep you posted on what he decides.