This event is over! John "Razor" Phan has done what few have before, taking down his second bracelet in a single year. We're not 100% sure but he may have set a record as the only player to win two bracelets in the same week!

Phan started the heads-up match near even but it didn't take the Razor long to take a big lead. The first two big pots were shipped in his direction as Shun Uchida fought to keep his head above water. Uchida was down as low as $90,000, and with limits of $25,000/$50,000 it didn't take a genius to know something had to be done.

That something was a double-up but it only got him partway out of the woods. Going into the final hand Phan still had his opponent on the ropes.

Uchida and Phan were both having a good time, playing by "Gentleman's rules," as Phan put it. Phan raised from the button and Uchida re-raised from the big blind, all but committing himself to the hand.

Phan made the call and Uchida drew two cards. Phan took three and Uchida fired at the pot. Phan raised, Uchida moved in and Phan called. Uchida took one card and Phan stood pat, eliciting a mad cheer from the fans on the rail.

Phan then pushed his monster stack over into one big pile, somewhere at the bottom of which were his cards. "Turn over your four," yelled Phan to his opponent. Uchida turned over 8 7 5 3, he was drawing to an 8-7.

"You're drawing dead!" exclaimed Phan as he dug his hand out of the mess of markers. 7 6 4 3 2 was eventually tabled and the rail exploded. "History's been made here!" Phan announced.

As it turns out John's two bracelets in seven days did not break any records. Jeff Madsen and Mark Seif's wins came just six days apart. It's still pretty good though, I guess.

As Phan grabbed the bracelet he ordered 20 Coronas for everyone in attendance.

John Phan takes bracelet number two and $151,896 while Shun Uchida pockets $95,795!

PL.com's had a chance to sit in on the press-conference style interview so head on over here for that.

After a ton of three-handed play, and a dinner break, we are finally down to the last two. It was Gioi Luong out in third so read on for details on that, the first few hands of heads-up and the updated counts.

Heads-Up Counts

Here are the new counts for our final two players, courtesy of www.worldseriesofpoker.com. Bear in mind, these are a few hands into the match.

Big One for Razor

Luong calls from the button and Phan raises from the big blind. Luong calls and takes three cards. Phan takes two and checks it. Luong bets and Phan makes the call. They each take two cards and Phan leads out for $40,000. Luong makes the call and they both stand pat.

Phan tosses in one final bet and Luong calls half-heartedly. Phan tables 8 7 4 3 2 and rakes a nice one.

Luong Gone (3rd)

Gioi Luong made a valiant effort to get back in this event but in the end it was too little too late. It was a strange hand with John Phan that did him in. Luong opened from the small blind and Phan re-raised from the big.

Luong drew two cards and Phan stood pat. Luong checked, Phan bet and Luong called all-in. Now it was Luong who stood pat and Phan who took two cards. They checked and Luong stood pat again. Phan took two more and somehow tabled 7-6-5-4-2. Luong had an 8-7 but it wasn't enough to keep him around.

Gioi Luong takes $61,583.