Billy Kopp emerged as the Day 7 chip leader about 2 hours into play. At the dinner break Kopp leads the field with a healthy stack of 15,100,000.

Tailing Kopp is Phil Ivey with 12,200,000. Antonio Esfandiari is still alive with 5,350,000.  

Play slowed down considerably as players tried to hang on to their chips as long as they could. Unlike Day 6 when bustouts where announced on a regular basis players saw a lull in eliminations on Day 7.

The remaining 29 players hail from eight different countries. James Ankenhead is the only remaining player from the United Kingdom, Marco Mattes is Germany's last chance for the title and Waren Zackey is hoping to bring it home for South Africa. Besides being the last woman standing, Leo Margets of Barcelona is also the last player from Spain remaining. Ludovic Lacay is one of three Frenchmen left in the field and George Caragiorgas of Quebec is looking to become the first Canadian to win the Main Event.

The chance for the Scandinavians to take down a second WSOP Main Event title ended with the eliminations of Benjamin Jensen of Denmark and Miika Puulmalainen of Finland early in the day.

With the elimination of Peter Eastgate late in Day 6 Dennis Phillips was the only player left of the original November Nine.

Phillips risked elimination when he opened pre-flop with     for 160,000. Steve sanders re-raised from the button to 325,000 with    . Phillips was the only player that called to see a flop of      . Phillips checked to Sanders who fired out a bet of 300,000, Phillips then check-raised all-in for 1.5 million. Sanders barely had him covered and made the call. The   fell on the turn and the   on the river gave Phillips his flush to beat Sanders' three Aces. After the hand Phillips was up to 3.9 million and Sanders was down to just 300,000.

On the very next hand Sanders was all-in with     and was eliminated by none other than pocket aces held by Benjamin Lamb.

Phillips run at the title came to an end shortly before the dinner break when he found himself on the losing end of a flush draw. Francois Balmigere moved his remaining chips to the middle pre-flop after a raising war with Phillips. Phillips made the call with less and showed    . Balmigere turned over     and the board ran out           to send Phillips to the rail in 45th place.

"There is a good possibility I will be back next year," Phillips said with a laugh as he made his exit.

Joe Sebok, Tom Schneider, Fabrice Soulier, Eugene Katchalov and Prahlad Friedman all saw their WSOP come to an end before the day was over.