Phil Ivey has already been knocked out. He showed up late for the event, and Talal Shakerchi just took all his chips. In one of the final hands of the previous level there was a raise under the gun to 7,000. Ivey called under the gun +1 after which Shakerchi three-bet to 27,000.
The action was folded back around to Ivey who pushed all in. Shakerchi called with and beat Ivey's .