Here’s a look at Saturday evening’s WSOP action, starting with the two bracelet winners:

Men Master’s Stud for Bracelet #7

The $10,000 Seven Card Stud World Championship was won by Men “The Master” Nguyen defeating Brandon Adams heads-up to win his 7th WSOP bracelet and $394,807, moving him into a tie for 5th place with Phil Ivey and Billy Baxter. The full results and Nolan Dalla’s tournament report are now online at wsop.com.

Dempsey Flush with a Bracelet

James “Flushy” Dempsey wins his first WSOP bracelet, in the $1,500 Pot-Limit Holdem event, defeating Steve Chanthabousay heads-up to win $197,470. A complete list of results plus Nolan Dalla’s report is at wsop.com.

Dwan Durrrrable in $1,500 NL

Day 3 of the $1,500 No-Limit Holdem has Tom “Durrrr” Dwan the chip leader (1,068,000) with 21 players remaining. Play resumes at 2:30pm to play down to a winner and PokerNews will be following all the action.

Lucky Thirteen Going for Limit Bracelet

Day 3 of the $1,500 Limit Holdem event has 13 players returning at 3pm to play down to a winner. Jason Potter moves into the chip lead (371,000) followed by day 1 chip leader Jameson Painter (307,000) in second. Terrence Chan (288,000), Matt Matros (272,000) and Frank Kassela (162,000) are the other notables returning this afternoon. Find all chip counts and live updates this afternoon over at PokerNews.

The 15% Solution

Day 1a of the second$1,000 No-Limit Holdem played about halfway into level 9 this morning, with 278 players, about 15% of the field, returning Monday at 2:30pm. This decision was made after last weekend’s $1,000 event had players getting eliminated too quickly, a problem Tao of Pokerati discussed with Ty Stewart. The current chip leader is Andy Black (90,275), with Phil Gordon (44,225), Jena Delk (34,300), Shaun Deeb (26,850), Victor Ramdin (23,350) and An Tran (20,350) are some of the recognizable names returning Monday at 2:30pm. The full list of players and their chip counts is now available over at PokerNews.

Binger Best in 2-7 Lowball

A field of 67 returns Sunday afternoon at 3pm for day 2 of the $1,500 No-Limit 2-7 Lowball, Single Draw with Nick Binger the leader with 54,300 in chips. Scott Seiver is in 2nd with 46,875, with Chino Rheem in 3rd with 42,725. Other notables include Dario Minieri (31,725), 2-7 Triple Draw Lowball winner Peter Gelenscer (21,925), Michael Binger (17,350) and Erick Lindgren (16,600). Only 28 make the money, with the winner earning $92,817. The full list of players counts is at PokerNews.

Sunday’s Bracelet Action

Starting at 12pm is day 1b of the $1,000 No-Limit Holdem event, will there be a smaller field like last week? The 5pm tournament starts the $10,000 Seven Card Stud Hi/Lo World Championship. Jeff Lisandro won this event last year in a field of 164, one of the three he won in 2009. Plenty of big names are expected to turn out for their chance to win a bracelet without so many donks in the field.

Recapping the Thursday night action as we start week two of the WSOP with a pair of bracelet events starting this afternoon.

Hellmuth in Contention for Bracelet #12

Day 3 of the $1,500 No-Limit Holdem event has 25 players remaining when play resumes at 2:30pm this afternoon. The current chip leader is Saar Wilf with 1,207,000 followed by 2009 Casino Employees winner Andrew Cohen with 1,025,000. But the name that most will be following today is Phil Hellmuth, 5th with 567,000 in chips, going for his 12th WSOP bracelet. If he made the final table, would a decision be made to stop and hold the final table on Saturday in front of ESPN cameras?

Gelencser Tops in Lowball

Hungarian Peter Gelenscer bested Raphael Zimmerman in heads-up play to take down the $2,500 2-7 Triple Draw Lowball bracelet along with $180,730. Zimmerman pockets $111,686 for the runner-up finish, while Don McNamara finished third for $73,803. Full results and Nolan Dalla’s tournament report can be found at wsop.com.

Play Pauses Prior to Payouts in Pot-Limit

After much discussion, tournament directors decided to halt play with 65 players remaining, two players short of the money in the $1,500 Pot-Limit holdem event. James Dempsey ended the day as the leader with 205,900 in chips. Original November Niner Scott Montgomery is in 2nd with 193,300. Notables in contention: JJ Liu (123,900), Joe Serock (70,400), Melissa Hayden (64,800), and Christian Harder (45,200). Team Pokerati’s Tom Schneider is also hanging around with 20,100 in chips. The full list of chip counts is available over at wsop.com.

Mizrachi and Schmelev 1-2 in Stud

The $10,000 Seven Card Stud World Championship concluded play after eight levels with the top two finishers in the $50,000 Players’ Championship, Michael Mizrachi (191,900) and Vladimir Schmelev (180,000) 1st and 2nd in chips with 85 players remaining. Plenty of notables are remaining, the full list is at wsop.com. Just 16 will make the money when play resumes at 3:00 this afternoon.

Friday’s Festivities

The third $1,500 No-Limit Holdem event of the WSOP gets underway at 12 noon today with another 2000+ player field expected. For comparison purposes, Mike Eise is the defending champion of this event, besting a field of 2,638 for $639,331.

At 5pm is the $1,500 Limit Holdem event, won last year by Tomas Alenius in a field of 643.