What happened last night, as we finish the preliminary events of the Series today before the Main Event begins tomorrow:

Phil Hellmuth was unable to take down the $1,500 HORSE event for his 12th bracelet, as he finished in 3rd place. James Schaaf, from Torrance, California takes down the bracelet in what also appears to be his first tournament cash. Tommy Hang follows up on his 3rd in the $10,000 Limit Holdem World Championship by finishing in 2nd.

The $10,000 Pot Limit Omaha World Championship was won by Irishman Marty Smyth who eliminated Canadian Peter Jetten in one of the more exciting final hands of the Series. Both players flopped a straight when all the money went in, but Smyth was freerolling to a club flush. The turn was a brick, but when the 6 of clubs appeared on the river, the Irish part of the crowd exploded with delight while the Canadian contingent groaned in despair at Jetten’s turn of events. Smyth takes down almost $860,000 with the bracelet, while Jetten is consoled with the fact of winning $528,000 for second place. Michael “The Grinder” Mizrachi ground to a halt in 3rd.

The last two tournaments conclude today, the ESPN360 table and the WSOP POY on page 2:
More…

What’s happening at the WSOP in Vegas, while some may be planning their itinerary around the WSOP Europe (press release found on page 2).

The $1,500 HORSE event is down to their final table, and Phil Hellmuth is currently in 2nd place as he looks to take down his 12th bracelet. To see if Hellmuth gets that 12th bracelet, you can catch the live updates here. Here’s what the final table will look like as they’re now on their dinner break:

Seat 1: James Schaaf - 392,000
Seat 2: Matt Grapenthien - 46,000
Seat 3: Sam Silverman - 310,000
Seat 4: Phil Hellmuth - 400,000
Seat 5: Jason Dollinger - 346,000
Seat 6: Tommy Hang - 680,000
Seat 7: Victor Ramdin - 78,000
Seat 8: Esther Rossi - 166,000

The $10,000 Pot Limit Omaha World Championship is down to 5 players as they take their dinner break with Marty Smyth recently doubling through Michael “The Grinder” Mizrachi to take the chip lead. Kido Pham ran into Mizrachi at the wrong time and was eliminated in 6th place. Follow the action at the wsop.com website here.

Other tournament action, plus the 2008 WSOPE announcement, on page 2:

More…

First, important Pokerati news:

Tom Schneider made the final table of the $5,000 NL 2-7 KC Lowball w/rebuys final table. Per usual, this event has an impressive final table lineup (starting at 3pm):

Seat 1: Jeffrey Lisandro 461,000
Seat 2: Mike Matusow 520,000
Seat 3: Tom Schneider 162,000
Seat 4: Erick Lindgren 1,104,000
Seat 5: Barry Greenstein 541,000
Seat 6: Tony ‘G’ Guoga 394,000
Seat 7: David Benyamine 410,000

Here’s the payouts:

1 $ 537,862
2 $ 347,004
3 $ 225,552
4 $ 156,151
5 $ 104,101
6 $ 78,075
7 $ 58,990

Other action from yesterday and a preview of today after the jump:

More…

Happenings at the WSOP while awaiting the inevitable Gary Wise article tomorrow on the Ladies’ final table:

More…

What’s happening at the WSOP while GSN considers picking up a new show, High Stakes Dice.

Speaking of Ivey, he’s currently in the top 10 at the $5,000 NL 2-7 KC Lowball event. Tom Dwan currently is chip leader at 238,900 with about half of the field remaining. In third is Pokerati’s own Tom Schneider with 153,500. Play resumes at 3pm this afternoon as they’ll play down to their final table of 7.

Final tables and what starts today after the jump:

More…

What’s happening today at the WSOP:

The $2,500 NL Holdem final table is already at heads-up, after a whirlwind of eliminations. Steve Merrifield currently has had a commanding lead over Duncan Bell. Bell then doubled up off of Merrifield with A9 v 55. The final hand was a cooler for Merrifield, on a flop of 8-6-2, Bell went allin, Merrifield would call with 10-10. Unfortunately for him, Bell had AA, Steve couldn’t catch another 10 and Bell gets to take home $666,777, Merrifield will have the consolation of taking $428,948 for 2nd.

More…

BREAKING NEWS: GSN does not exercise Season 7 option for GSN. Talks ongoing with GSN to possibly air “parts” of season 7. Press release from WPTE

Happenings from yesterday at the WSOP:

The other final table of yesterday concluded earlier this morning, as Jimmy Shultz took down Event #12 ($1,500 Limit Holdem), eventually beating Zac Flowers in a heads-up battle to win a bracelet along with just over $250,000. Upon his victory, he announced he was donating 25% of his win to the Charleston, SC Fire Department , who lost nine firefighters June 18, 2007. Vinny Vinh, along with his “associates” railing him, finished 3rd.

More info after the jump:
More…

photo: Benjo / via Pauly
Online phenom-turned-live-action-threat Gobboboy makes peace with Howard Lederer at the PPA Booth in the Amazon hallway.

Of the many groups with a presence at the 2008 WSOP, the Poker Players Alliance is doing its best to let the amateur players who flock here know not only that their voice is relevant, but also that there is a plan of action in motion to, essentially, allow online poker sites to advertise with a dot-com. OK, there’s far more to it than that … but establishing poker’s political presence is important — and because it ain’t easy to become the NRA without something akin to the Second Amendment behind you, the PPA is spearheading the efforts both on the grassroots level as well as the important behind-the-scenes ass-kissing palm-greasing politicking in Washington DC.

To help explain the cause and sign up new members, the PPA has poker pros at its booth daily. Click below to read the full press release about these meet-n-greets designed to get everyone on the same team.

More…