Van Gerwen has had a hold over Peter Wright in finals for some time but succumbed with the latter putting in an exceptional display to win 7-3.
As usual though, MVG was gracious in defeat and he said that while it hurts a lot, he gives credit to Wright and that he deserved it in the end.
"Of course it hurts a lot to lose this final but the credit goes to Peter," said the gracious world number one.
"He played a great tournament and was better than me in the biggest moments and I think he deserved to win in the end.
"I can only blame myself for missing at important moments but I will work hard to come back stronger from this."
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