Phil Ivey had the button and raised to 100,000. Dan Shak moved all in and Ivey quickly called off the rest of his chips.
Ivey had Shak's hand dominated and was in prime position to double up and continue the match. He was all in for a little over 500,000.
The dealer burned and dealt the flop, spreading the . Shak went from worst to first, picking up a pair of sevens. Ivey was now the one needing help to win the hand.
The turn card was the , not helping out Mr. Ivey. The final card on the board was the and tht was it, Ivey was eliminated in 2nd place, leaving Shak as the winner.
Ivey and Shak embraced with a hand shake and a big hug. Ivey exited the stage to a standing ovation and round of applause from the crowd. Everyone was reminded that with this finish, Ivey took over the lead on the all-time money list.