In what would be the last hand of the tournament, Mike "Timex" McDonald raised to 100,000 from the button and then snap-called off for right around 1.3 million when Phil Ivey announced that he was all in.
McDonald was in a great spot to double, but then the flop came down . Ivey paired his king, and suddenly McDonald was in need of either an ace, jack or some other lucky run out of the cards. The turn wasn't what he was looking for, and neither was the river.
McDonald finished as runner-up for AU$1,592,500 while Ivey has successfully defended his LK Boutique AU$250,000 Challenge title, while also winning it for the third time in four years!