Carlos Mortensen raises to $6 million and Kirk Morrison comes over the top all-in. Mortensen makes the call and shows K J to Morrison's A 4. The flop comes 7 4 3, pairing Morrison's four. The turn is the J and all of a sudden, Mortensen has the advantage with a pair of jacks. The river is the 3 and Carlos Mortensen has won the WPT World Championship!

The Matador becomes the first player to win both a WSOP Main Event and a WPT Championship, and also the first player to earn over $5 million in winnings at Bellagio events. He takes home $3,970,415 for his first place victory, as well as the adulation of hundreds of millions of PokerLisitings.com readers worldwide. For his second place finish, Kirk Morrison earns $2,011,135.

Congratulations to both finalists, and to the WPT for the completion of a fifth successful season!

The game is afoot from the Bellagio Ballroom. Stay tuned for all the gory details.

A very short break for the camera crew to swap out their tapes has come and gone. Let's get it started!

Rubavitch has brought you these delightful chip counts, stolen from General Pushkin's lair:

Kirk is first to act and announces all-in. Carlos quickly folds.

Carlos is on the button and folds. Kirk picks up the easiest $3 million he ever made.

Kirk is on the button and announces all-in. Carlos shows his cards to the hole camera before folding.

Carlos Mortensen open-shoves a fourth time. Kirk Morrison folds a fourth time. This record is not skipping but the album is on repeat.

Kirk is on the button and folds. Carlos takes another $3 million, free of charge.

Carlos Mortensen open-shoves again. Kirk Morrison folds a third time. Mortensen builds his lead with another uncontested pot.

The action's on Kirk and he just calls. Carlos checks and the flop comes 8 7 4. Carlos checks and Kirk bets $2 million. After a lot of thought and a lot of chip shuffling, Carlos opts to fold.

Carlos Mortensen open-shoves again. Kirk Morrison folds again. This is not a typo.

Kirk is on the button and folds. Carlos picks up another free $3 million.

Carlos Mortensen open-shoves again. Kirk Morrison folds again.

Kirk is on the button and calls the extra $800,000. Carlos moves all-in and Kirk folds.

Carlos Mortensen gives Kirk Morrison a walk.

Kirk is on the button and first to act. He announces all-in and Carlos folds. Kirk takes down the blinds and antes.

Carlos Mortensen calls from the button and Kirk Morrison checks his option. The flop comes A 7 7 and Morrison checks. Mortensen bets $1.6 million and Morrison lays it down.

The action's on Kirk and he calls the $800,000. Carlos quickly moves all-in and Kirk folds just as quickly.

Carlos Mortensen moves all-in and Kirk Morrison folds. Mortensen takes the new, improved blinds and antes.

Another quick level is over and the blinds have been raised yet again. $800,000/$1,600,000 with a $300,000 ante is the new price, the audience reasserts its disapproval.

Kirk Morrison folds from the button and Carlos Mortensen gets a freebee.

The action is on Carlos and he folds. Kirk takes a walk.

Kirk Morrison limps-in from the button and Carlos Mortensen checks his option. The flop comes 5 4 4 and both players check. The turn is the T and Mortensen bets out $1.2 million. Morrison calls and the river is the J. Mortensen checks and Morrison bets out. As he does, Mortensen folds and Morrison takes the pot.

Carlos folds and Kirk takes a walk in the big blind.

Kirk Morrison gives Carlos Mortensen a walk.

Carlos is on the button and moves all-in. Kirk takes one look at his cards and calls. Q 9 for Carlos needs to improve against Kirk's A 6. The flop comes A 2 6 and Kirk takes a massive lead with top two. Carlos need some serious help and gets part of the way there with the T on the turn. He needs another spade and the audience is screaming at the top of their lungs for the dealer to deliver. The 5 hits the river though and Kirk takes back the chip lead. Stay tuned for chip counts as they're announced.

Kirk Morrison open-shoves for $4.4 million and Mike "the Mouth" Matusow instructs Carlos Mortensen to "end this" from the crowd. Mortensen obliges by calling and shows K T to Morrison's 8 7. The spectators again climb onto their chairs and the Matador hides his eyes to await the news. The flop comes 6 6 2 to give Morrison the diamond flush draw, and the audience cheers. The turn is the Q and the Captain is down to his last card. The river is the T and the crowd goes absolutely nuts as for the second time, Morrison spikes the ten of diamonds to double through Mortensen.

And the beat goes on...

Carlos is on the button and announces all-in. Kirk folds and Carlos picks up the blinds and antes.

Kirk Morrison folds and Carlos Mortensen gets a walk.

Carlos is on the button and calls the $600,000. Morrison moves all in and Carlos quickly folds.

After Carlos Mortensen's double-up, here are the latest chip counts, as gathered by field-reporter Jinx Johnson:

Kirk is on the button and folds. Carlos gets a walk in the big blind.

Carlos Mortensen moves all-in from the button and is called by Kirk Morrison, who shows pocket tens to the Matador's A K. The audience springs to life and instantly the atmosphere is electric, as the gallery stands to await the flop and the two combatants embrace. The flop comes rags, 5 3 2 and Mortensen is now drawing for the wheel on top of his overcards. The turn is the A and the Matador pairs his ace to take the lead. The river is the Q and Carlos Mortensen has doubled through Kirk Morrison to prolong the excitement and take over the chip lead.

Kirk folds from the small blind and Carlos takes $2 million for the walk.

Carlos Mortensen calls from the button and Kirk Morrison checks his option. The flop comes K 3 2 and Morrison checks. Mortensen bets $1 million and the audience applauds. Morrison takes their advice and lays it down, and Mortensen takes the pot.

The button's back on Kirk and he raises to $3.7 million. Carlos folds and Kirk takes the $2 million in blinds and antes.

Carlos Mortensen gives Kirk Morrison another walk.

Kirk is on the button and calls the $600,000. Carlos announces all-in and Kirk folds.

Carlos Mortensen gives Kirk Morrison a walk. The Captain shows K-J as he takes down the blinds and antes.

Kirk is first to act and decides to give Carlos a $2 million walk in the big blind.

Kirk Morrison limps in and Carlos Mortensen checks his option. The flop comes K-Q-8 and Morrison checks. Mortensen bets $1.2 million and Morrison folds.

Kirk Morrison limps in from the button and Carlos Mortensen pushes all-in. Morrison folds and Mortensen takes the pot.

Carlos Mortensen folds and Kirk Morrison takes the blinds and antes. He shows pocket queens as he rakes the pot.

Kirk Morrison raises to $3 million. Carlos Mortensen folds his hand and Morrison takes down the pot.

As is the tradition on the World Poker Tour, if the match takes too long just jack up the blinds to ridiculous heights. The most recent level lasted less than half an hour and the announcement of the new blinds was met with boos and jeers from the crowd. We're now playing at $600,000/$1,200,000 with an ante of $200,000.

Carlos Mortensen limps in on the button and Kirk Morrison checks. The flop comes 7 5 2 and Morrison checks to Mortensen, who bets $1 million. Morrison raises to $2 million and Mortensen makes the call. The turn is the 6 and Morrison bets $2 million. Mortensen lays it down and Morrison takes a few chips back.

The action's on Kirk and he calls $400,000 more. Carlos checks and the flop comes Q T 9. The turn is a king and two more checks follow. The river is an eight and Carlos takes down the pot with a $1 million bet.

Carlos Mortensen raises to $1.6 million and Kirk Morrison lays it down. Mortensen takes down the blinds and antes as that same drunken lout calls Mortensen an animal, drunkenly and loutishly.

Kirk is on the button and calls the big blind. Carlos checks and the flop comes K 9 3. Both players check and the turn is the 3. Carlos bets out $800,000 and Kirk makes the call. The river is the 7 and Carlos bets out $1.6 million. Kirk makes the call and Carlos turns over 8-9 for a pair of nines. They're good and he rakes a nice pot.

Carlos Mortensen limps in on the button and Kirk Morrison checks in the big blind. The flop comes K 7 3 and both players check. The turn is the J and both players check again. The river is the J and Morrison checks to Mortensen, who bets $1 million. Morrison folds and Mortensen takes the pot.

The Action's on Kirk and he raises to $2.8 million. Carlos folds and Kirk takes down the blinds and antes.

Carlos Mortensen pushes all-in from the button and Kirk Morrison glances at his cards, grimaces, and folds.

Kirk is on the button and gives Carlos a walk in the big blind.

Carlos Mortensen calls on the button and Kirk Morrison checks. The flop comes A Q 6 and both players check. The turn is the 3 and Morrison bets $1 million. Mortensen raises to $2 million and Kirk Morrison raises all-in for $9,500,000. Mortensen calls immediately and shows Q 6 for two pair to Morrison's A T. Morrison needs to hit an ace or a ten to stay alive, and the river is the T to send the pro-Morrison audience into hysterics and keep the heads-up match alive with a the Captain holding a sizable chip advantage.

Kirk's on the button and first to act. He calls and Carlos checks. The flop comes out A 7 7 and both players check. The turn is the 4 and after a check from Carlos, Kirk bets $800,000. Carlos makes the call and a ten hits the river. Two more checks and they show 4-5 and 4-6 for the chop.

Carlos Mortensen calls on the button and Kirk Morrison checks his option. The flop comes T T 4. Morrison checks and Mortensen bets $1 million. Morrison folds and Mortensen takes the pot.

Kirk is on the button and calls the big blind. Carlos raises to $2 million and Kirk folds.

Updated chip counts courtesy of reporter-at-large Kissy Suzuki:

Carlos is first to act and opens the pot for $1.6 million. Kirk quickly folds and Carlos takes it down.

Kirk Morrison has the button and he folds. Carlos Mortensen takes the pot.

Carlos is first to act and calls the big blind. Kirk checks and the flop comes 7 3 2. Both players check and the turn is the J. Both players check again and the river brings the 4. Kirk bets out $1 million and Carlos raises to $4 million. After a bit of though Kirk makes the call but is sickened to see Carlos show 5-6 for the straight.

Kirk Morrison calls from the button and Carlos Mortensen moves all-in. Morrison folds and Mortensen takes the pot.

Carlos is on the button and folds his small blind, giving Kirk a walk in the big blind. He shows A-2 as he rakes the pot.

Kirk Morrison folds from the button and Carlos Mortensen gets a walk.

Carlos is on the button and calls the $400,000. Kirk checks and the flop comes K 8 4. Kirk checks and Carlos bets out $1 million. Kirk folds and Carlos takes down the pot.

Kirk Morrison limps in from the button and Carlos Mortensen moves all-in in the big blind. Morrison folds and Mortensen takes the pot.

Play has begun again with the aforementioned increased blinds and antes.

The blinds are up again, with each big blind equating to a whopping 16 WPT Championship entrants' starting stacks, or $400,000 in real-life dollars. We're taking a short break so players and audience alike can comprehend the magnitude of such prices, but we expect to be back in action in ten minutes.

Carlos is on the button and calls the big blind. Kirk checks and the flop comes T-9-8 rainbow. The 5 hits the turn and they check it again. The J lands on the turn and after a check from Kirk, Carlos bets out $1.1 million.

Kirk Morrison calls from the button and Carlos Mortensen announces raise. He makes it $1.8 million total and Morrison announces a raise of his own, adding another $1.2 million to the pot. Mortensen calls the raise and the flop comes J 9 5. Mortensen checks and Morrison moves all-in. Mortensen folds instantly and Morrison takes a large pot.

Carlos calls from the button and Kirk checks once again. The flop comes A 8 5. Carlos bets $600,000 and takes down the pot.

Kirk Morrison raises *gasp* to $1.2 million from the button and Carlos Mortensen folds. That is all.

Carlos is first to act and calls the $300,000. Kirk checks and the flop comes J 9 7. Both players check and the turn is the 6. Kirk bets out $800,000 and Carlos folds.

Kirk Morrison is on the button and he calls. Carlos Mortensen is a checking machine and he does the expected. The flop comes A J 9. Mortensen again checks and Morrison bets $700,000. The Matador calls and the turn is the 5. Both players check and the river is the 3. Mortensen bets $4 million and Morrison lays it down. Mortensen takes another pot with the trademark four mil river bet.

Carlos is on the button and folds, giving Kirk a walk in the big blind.

Carlos Mortensen is on the button and he folds. True story.

Kirk is on the button and just calls the big blind. Carlos places a chip on his cards before checking his option. The flop comes 9 7 6 and Carlos bets $700k. Kirk calls and the turn is the A. Kirk checks and Carlos bets $4 million. Kirk folds and Carlos reels in the pot. Carlos is now on $10.5 million while Kirk has about $21 million.

Latest chip counts, courtesy of field reporter Bibi Dahl:

Carlos is on the button once again and calls the big blind. Kirk checks and the flop comes Q J 7. They check again and the 9 hits the turn. Carlos bets $1.2 million and Kirk mucks.

Kirk Morrison is on the button and he limps-in. Carlos Mortensen raises all-in and Morrison folds. Mortensen takes the pot.

Carlos calls from the button and Kirk checks his option. The flop comes J-7-4 rainbow and both players check. Another seven hits the turn and they both check again. Another four on the river and two more checks follow. Kirk says he's playing the board but Carlos shows a king for the higher kicker.

Kirk Morrison calls from the button and Carlos Mortensen checks, once again. The flop comes J T 9 and both players check. The turn is the 2 and both players again check. The river is the 6 and both players check. Mortensen shows 6-3 for a pair of sixes, and that's good to take the pot.

The button's on Carlos and he uses it to call the big blind. Kirk checks and the flop comes T 9 5. Kirk checks and Carlos bets out $600,000. Kirk announces raise and adds another million on top. Carlos takes another look at his cards before folding.

Kirk Morrison limps in and Carlos Mortensen checks his option. The flop comes A 6 5 and Mortensen checks. Morrison bets $600,000 and Mortensen takes down the pot.

The blinds are up once again, as WPT organizers try to get everyone out of the Bellagio Ballroom before the buffet closes.

Jack has just announced that this will be the last hand before the next blind increase. Carlos is on the button and quickly moves all-in. Kirk goes into the tank and decides to make the call. The all-in was for $4.35 million and it's A T for Carlos leading Kirk's K 6. The crowd is on their feet as the dealer burns for the flop. A 9 Q puts Carlos ahead with a pair of aces. The turn is the T which gives Kirk an inside straight draw. The river is the 2 though and Carlos doubles through to almost $10 million.

Kirk Morrison has the button and he limps-in. Carlos Mortensen checks and the flop comes A Q 7. The Matador checks and Morrison bets $400,000. Mortensen folds and the pot goes to Morrison.

Carlos is on the button and calls the extra $200,000. Kirk checks his option and the flop comes 2 5 8. Both players check and the turn is the 5. Kirk bets $400k and Carlos quickly calls. The river is the 3 and Kirk bets out $700,000. Carlos folds and Kirk takes the pot.

Kirk Morrison calls from the button and Carlos Mortensen checks his option after a moment's thought. The flop comes A 5 2 and both players check. The turn is the 8 and Mortensen bets $400,000. Morrison folds and Mortensen takes the pot.

Carlos is on the button and he just calls the big blind. Kirk checks and the flop comes Q-3-2 rainbow. They both check and the turn is an ace. Two more checks and the river brings a seven. They check it down and Kirk shows a deuce to take down the pot.

Kirk Morrison calls from the small blind and Carlos Mortensen checks his option. The flop comes T 5 2 and Mortensen checks to Morrison, who bets $500,000. Mortensen folds and Morrison takes the pot.

Carlos is on the button and announces all-in. Kirk quickly folds and Mortensen takes down the blinds and antes.

Kirk Morrison calls and Carlos Mortensen checks his option. The flop comes A 9 2 and Mortensen checks, as does Morrison behind. The turn is the T and Mortensen checks to Morrison, who bets $500,000. Mortensen calls and the river is the 5. Mortensen again checks and Morrison bets $1 million. Both players show tens, but Morrison has the higher kicker and he takes the pot.

Carlos is on the button and he calls. Kirk checks his option and the flop comes A Q 9. Kirk checks and Carlos bets $400,000. Kirk folds and Carlos takes down the pot.

Kirk Morrison calls in the small blind and Carlos Mortensen checks his option. The flop comes K T 9 and Mortensen checks to Morrison, who bets $400,000. Mortensen calls and the turn is the 7. Mortensen checks and Morrison checks behind. The river is the 2 and both players check again, and Mortensen shows 10-4. His two tens are good for the pot.

Carlos is on the button and first to act. He reaches for chips and makes it $1.2 million to go. Kirk quickly folds and Carlos rakes the pot.

Kirk Morrison calls in the small blind and Carlos Mortensen checks his option. The flop comes T 8 4 and both players check. The turn is the 6 and Mortensen bets $400,000. Morrison calls and the river is the 3. Mortensen checks and Morrison bets $1.3 million. Mortensen mucks and Morrison takes the hand.

Carlos moves all-in from the button and Kirk quickly folds.