Rosen Simeonov Heads into Day 2 of the PokerNews Cup Kulata Main Event with the Chip Lead

The four opening flights of the PokerNews Cup Kulata €550 Main Event are in the books. A total of 141 entrants including 61 on today's Day 1c and 28 on Day 1d battled it out in hopes of advancing to Day 2 where players are already in the money with each opening flight playing down to 15 percent of the field.

Panagiotis Panagiotidis bagged a Day 1c chip leading stack of 636,000 and is second in the chip counts only a big blind behind Day 1b chip leader Rosen Simeonov with 640,000.

Panagiotidis had the chip lead midway through the day before he expanded it much further when he won a massive three-way pot when his aces held against his opponent's ace-king and ace-jack.

Also finishing with top five chip stacks on Day 1c were Alexander Milanov (second - 487,000), Spyridon Michailidis (third - 474,000), Achilleas Nomidis (fourth - 315,000), and Dimitrios Barmpathanasis (fifth - 278,000).

Day 1d began midway through Day 1c. Five players advanced led by Greece's Dimitrios Michailidis. Regardless of how things end for Michailidis on Day 2 and beyond, he already had an amazing PokerNews Cup as he shipped the High Roller on Thursday for €23,025 $25,873 after agreeing to a heads-up deal with Marios Tzakos.

To add to the fun, Dimitrios Michailidis will be sitting next to his brother Spyridon Michailidis after a random draw with both players holding top five chip stacks heading into the day.

Both Panagiotidis and Michailidis will head into Day 2 near the top of the leaderboard. Here is a look at the top five starting stacks to start the day.

Player	County	Day Qualified	Chips	Big Blinds
Rosen Simeonov	Bulgaria	Day 1b	640,000	160
Panagiotis Panagiotidis	Greece	Day 1c	636,000	159
Marian Ivanov	Bulgaria	Day 1a	580,000	145
Dimitrios Michailidis	Greece	Day 1d	510,000	128
Spyridon Michailidis	Greece	Day 1c	474,000	119

Day 2 will begin on Saturday, May 18 at 1 p.m. EEST with blinds at 2,000/4,000 and a big blind ante of 4,000. Each level will be 40 minutes in length and the action will play down to a final table.

Payouts will be announced tomorrow. Stay tuned at PokerNews as we bring you the biggest highlights and hands at the PokerNews Cup Kulata Main Event.