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10-22-2007 15:58 UTC+11

Steve Charles Wins Event #1 ($16,615), Jim Mastorakos Eliminated in 2nd Place ($12,050)

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Steve Charles-- Event #1 Champion

Jim Mastorakos raised to 150,000 from the button and Steve Charles called. The flop was {7-Spades}

{7-Spades}

{6-Clubs}

{3-Clubs}

. Charles bet 300,000, Mastorakos moved all in and Charles called. Mastorakos turned up {A-Clubs}

{A-Clubs}

{9-Clubs}

for the nut flush draw, while Charles tabled {7-Diamonds}

{7-Diamonds}

{9-Diamonds}

for top pair. The turn was the {10-Spades}

{10-Spades}

, the river was the {4-Hearts}

{4-Hearts}

, and after a quick count by the dealer to confirm that Charles had Mastorakos covered, he was declared the winner, taking home $16,615. Mastorakos earned $12,050 for his runner-up finish.

Congratulations to Steve Charles, who battled back after having his stack crippled to less than a big blind to win Event #1 of the Poker News Cup!