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Panagiotis Panagiotidis Wins the PokerNews Cup Kulata Main Event (€18,450)

Jaxon • Level 26: 25,000-50,000, 50,000 ante
Panagiotis Panagiotidis

Panagiotis Panagiotidis won the PokerNews Cup Kulata €550 Main Event for €18,450 after agreeing to a four-way deal with Rosen Simeonov (second - €14,526), Konstantin Aykov (third - €12,878), and Achilleas Nomidis (fourth - €8,056).

The win nearly tripled the almost $7,000 in live tournament cashes Panagiotidis had to start the tournament.

PlacePlayerCountryPrizePrize (USD)
1Panagiotis PanagiotidisGreece€18,450*$20,603*
2Rosen SimeonovBulgaria€14,526*$16,221*
3Konstantin AykovBulgaria€12,878*$14,381*
4Achilleas NomidisGreece€8,056*$8,996*
5Dimitrios MichailidisGreece€5,250$5,863
6Loukas KioutsoukisGreece€4,170$4,657
7Spyridon MichailidisGreece€3,180$3,551
8Marian IvanovBulgaria€2,350$2,624

*Reflects four-way deal.

The final day began with the field whittled down from 141 entrants to an eight-max final table. Panagiotidis entered the day in the chip lead, although he didn't hold onto it throughout the final day.

All four opening day chip leaders parlayed their stacks to the final table after a successful penultimate day including Simeonov, Dimitrios Michailidis, and Marian Ivanov. Michailidis' brother Spyridon Michailidis also was at the final table as the short stack.

Spyridon Michailidis and Dimitrios Michailidis
Spyridon Michailidis and Dimitrios Michailidis

Ivanov was the first player eliminated at the final table. He jammed with queen-eight with an open-ended straight draw on the turn only to be called by Simeonov with second pair holding jack-deuce. Another jack came on the river and Ivanov headed to the cashier to collect the eighth-place prize of €2,350.

Soon after, Spyridon Michailidis hit the rail in seventh place for €3,180. He three-bet jammed ace-seven suited and didn't get there against the pocket eights held by Konstantin Aykov.

A little time passed before Loukas Kioutsoukis was eliminated in sixth place for €4,170. He three-bet jammed a short-stack with king-queen and ran into Simeonov's kings.

At this point, Simeonov was in the lead. This didn't last long as Dimitrios Michailidis took the lead with a full house in a big pot against Simeonov.

Michailidis was unable to hold onto the lead. Panagiotidis bet all three streets after first hitting a set of nines on the flop and quads on the river and Michailidis called with pocket queens all the way.

A short while later, Michailidis jammed 15 big blinds with ace-ten from the button. Simeonov quickly called from the big blind with kings. The flop gave Simeonov a set and Michailidis was drawing dead on the turn.

Michailidis didn't only got home from the PokerNews Cup with the fifth-place prize of €5,250. Earlier in the festival, he shipped the PokerNews Cup High Roller for €23,025 after agreeing to a heads-up deal.

This concludes our coverage of the PokerNews Cup Main Event. Stay tuned at PokerNews as we cover all of the biggest poker events around the world.

*Images courtesy of Omari Bryan and Katerina Lukina.

Tags: Achilleas NomidisDimitrios MichailidisKonstantin AykovLoukas KioutsoukisMarian IvanovPanagiotis PanagiotidisPokerNews CupRosen SimeonovSpyridon Michailidis