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Peter Mugar Eliminated in 5th Place ($120,035)
Level 29
: 100,000/150,000, 150,000 ante
Peter Mugar opened to 300,000 from under the gun and was called by Xiaohu Liu in the big blind.
Liu checked the J♥8♠3♠ flop before Mugar continued for 150,000. Liu opted to respond with a check-raise to 700,000.
Mugar counted out his stack before he went all-in for 1,800,000. Liu called to put Mugar at risk.
Peter Mugar: A♦A♠
Xiaohu Liu: 10♠9♠
Liu had plenty of outs with a straight draw and a flush draw, while Mugar hoped to hold with his aces.
Liu did not have to wait long as the 4♠ turn improved Liu to a flush. Mugar was not out for the count, however, as he had a flush draw working for him.
The river did not help Mugar as it came the 7♥ to eliminate him in fifth place.
Mugar earned $120,035 for his finish.