Scott Montgomery has the button in Seat 4. Everyone folds in front of Dennis Phillips, who limps in. He takes an unraised flop with both of the blinds -- Darus Suharto and Chino Rheem.
All three players check the flop of . Suharto is first to act on the turn. He checks to Rheem, who fires a bet of 400,000 into the pot. That bet sends Phillips into the tank for roughly a minute before he elects to call.
Suharto folds, leaving us heads up to the river . The action quickly goes check, check. It's another blow for Phillips when Rheem shows to take down the pot.
Craig Marquis has the button in Seat 2. Dennis Phillips, sitting in the cutoff, is the first person into the pot, limping in for 300,000. Marquis sends his hand spinning into the muck ahead of a raise from the small blind, Ylon Schwartz, to 1.4 million. Scott Montgomery calls out of the big blind, sending the action back to a thoughtful and newly short-stacked Dennis Phillips, who also calls. This is the first multi-way pot of the day.
The flop is . Schwartz, as first to act, makes the price of poker 5 million, just more than the size of the pot. With the action on Montgomery, he peeks back at his hand and then calls. Phillips quickly folds, and off to the turn we go.
The brings a gasp of anticipation from the crowd. Schwartz waits for the noise to die down, then moves all in. Montgomery looks disgusted as he pitches his cards into the muck.
Peter Eastgate has the button in Seat 9. Everyone folds in front of Eastgate, who raises to 750,000. Craig Marquis, sitting in the big blind, is the only caller.
Both players check the flop of , taking us to our first turn card of the final table -- the . Marquis again checks it over to Eastgate. The aggressive young Dane stares at the board for thirty seconds before checking behind. Marquis checks a third time when the river falls , finally bringing a bet from Eastgate of 1.25 million. Marquis calls and is shown by Eastgate, which is the winner when Marquis mucks his hand.
Former chip leader Dennis Phillips is now in eighth place at the first break while Ivan Demidov boasts the runaway chip lead.
Ivan Demidov 35,875,000
Peter Eastgate 19,995,000
Ylon Schwartz 19,015,000
Scott Montgomery 18,215,000
Darus Suharto 13,725,000
Craig Marquis 10,050,000
David "Chino" Rheem 9,300,000
Dennis Phillips 8,880,000
Kelly Kim 1,810,000
Ivan Demidov has the button in Seat 7. Dennis Phillips limps in from under the gun. All fold to Demidov, who raises to 1,025,000. Both blinds get out of the way, allowing Phillips to quickly reraise to 3.525 million. Phillips keeps his gaze firmly planted on Demidov as the young Russian tries to figure out what his next move should be. He seems to be talking to himself. His lips are moving but we can't make out what's being said.
Whatever it is, he decides to put out a big raise of his own, making the price to see the flop a staggering 8.225 million. These are two big stacks going to war, each daring the other one to blink first. Demidov now is sitting silently behind his towers of chips, eyes cast down at the rail in front of him. Phillips is riffling chips with his right hand. After thirty seconds, he makes the call!
Each player has committed over a third of his stack to see a flop of . With the blinds and antes, more than 17 million chips are up for grabs. Demidov has position and his Phillips covered.
Phillips is now the one whose lips are moving soundlessly. Demidov remains a statue, staring at the rail. Phillips leads out with a relatively small bet of 4.5 million. Demidov takes a deep breath and then announces, "I'm all in." Half of the players get up and walk away from the table while Demidov's stack is counted down. It's 9.395 million more back to Phillips, which is more than he has. Demidov has Phillips covered by about 800,000. It would seem Phillips can't call without anything but a monster.
Phillips seems to reach the same conclusion. He folds! Demidov is now the far-and-away chip leader with 35,875,000. It's a huge blow for Phillips, who now has less than 9 million chips.