Stewart Scott has just become the first Australian national to win the Aussie Millions!

A few hands into heads-up action with Peter Rho, Scott raised from the button and saw Rho move all-in over the top.

"Really?" Scott asked, a grin spreading over his face.

Rho answered in the affirmative and Scott made a triumphant call, slamming down A A as the American turned up A J.

The hometown crowd stood and screamed their excitement headed for the flop as "Disco Stu" awaited a flop that would determine his destiny.

The dealer burned and turned, producing the 9, 8 and 2 and leaving Rho drawing to running cards to stay alive. After another prolonged pause, during which Rho and Scott clasped hands in commiseration, the dealer produced the turn card, flipping the 4 onto the table and sealing the deal for Scott.

The river card was academic (the 9) and Scott had game, set and match, his victory marked by the raucous cheering of a roomful of Aussies screaming Joe Hachem's rallying cry: "Aussie! Aussie! Aussie! (Oy Oy Oy!)"

Scott's victory earns him an official sum of $2 million AUD, although that prize is deflated somewhat by a four-way deal made earlier in the night. Meanwhile, runner-up Rho gets to explain an official $1 million dividend to the taxman.

Stay tuned for much more from Melbourne, including an exclusive video interview with the winner as well as an in-depth recap of all of the final-table action.

Congratulations to Scott, to Rho and to the Crown Casino, in particular Tournament Director Jonno Pittock, for putting on another successful iteration of one of the world's marquee poker tournaments.

The money's on the table and the cards are in the air at the 2009 Aussie Millions in Melbourne. Heads-up play is under way between Stewart Scott and Peter Rho with a $2 million* first prize on the line.

*Before deal.

As we await heads-up play between Stewart Scott ($10,700,000) and Peter Rho ($2,900,000), we encourage you to check out the PokerListings TV section, which features a couple new video interviews with Sam Capra (fifth place) and Rajkumar Ramakrishnan (fourth place).

Check them out below and see for yourself what it feels like to win hundreds of thousands of dollars playing with little bits of paper for hours on end.

Elliot Smith limps in from the small blind and Stewart Scott puts him all-in from the big blind. Smith insta-calls and the trap is sprung; he turns up A Q against Scott's A 7.

Scott will need to improve if he wants to send Smith to the rail, but the K K T flop fails to help his cause beyond giving him a few outs to a chop. The turn, however, is the money card, bringing the 7 and giving Scott the lead.

Smith stands and makes ready for his exit, and after the 5 falls on the river he's gone, out in third place for what the papers all say is a $700,000 AUD reward. 

We're now on a quick break as we await the start of heads-up play in Melbourne.

We return to play with a half hour in the level remaining.

Unfortunately, Owen Laukkanen has taken to standing on the rail yelling "ship it" to try and force the action.

Hopefully he'll realize the error of his ways and return to simply covering the rest of the event for us. More on this developing story in minutes.

Somebody at this final table must have a weak bladder because we're on another break. This one's for 30 minutes. Any thought of a deal speeding up play has pretty well perished at this point. See you in a half-hour!

Elliot Smith limps his button and Peter Rho checks his option. The flop comes J T 3 and Rho checks to Smith, who leads out for $150,000. Rho raises to $350,000 and Smith thinks for a moment before making the call.

The turn is the 6 and Rho bets out $500,000. Smith makes the call and the river is the 3. Both players check this time and Rho turns up T 2 for second pair. It's good to take the pot.

Canadian Elliot Smith just picked up a $1.5 million pot, most of which came courtesy of Aussie Stewart Scott.

Elliot joined Peter Rho in calling a $200k Scott open and all three players checked the K T 9 flop. Rho and Elliot passed on the T turn, but Scott fired away, making it $500,000 to see a river.

Only the young Canadian had the stones to pony up the half million and after the Q river fell, both players checked. Every rose has its thorn, but not every four-flushed board has a fifth heart, and Elliot raked the pot with J 9 for the straight.

We've just had a quick level break and the cards are back in the air from Melbourne as the Aussie Millions approaches its foregone conclusion. Stay tuned for more three-handed action from Down Under!

Stewart Scott raises to $200,000 on the button and the action folds to Elliot Smith, who moves all-in from the big blind. Scott stands up, stands back, assesses the situation. It takes less than a minute for the Aussie to make the call.

Smith turns up A 8 and is a favorite against Scott's Q T, though the math probably acts as cold comfort against Scott's run-goodliness. The flop comes 9 6 4 and Smith retains the lead, and after the turn is the K and the river the 7, the Canadian has doubled up to prolong three-handed play.

The field is now on a quick break.