Day Three of the $50,000 Poker Player's Championship is underway at the Rio All-Suite Hotel and Casino.
The day began with 74 players all battling for the first place prize of $1,720,328 and the coveted WSOP gold bracelet.
The tournament is decided over an eight-game mix of poker variants and is regarded as the truest test in poker. 
The total prize pool for this event is $6,144,000 generated by 128 players entering the event, a 10% increase over last year. 
This presitgious event drew  the world's best poker players. The Day Three chip leader is Ben Lamb. Lamb won his first bracelet earlier this year when he bested a field of 361 in the $10,000 Pot-Limit Omaha Championship.
Starting the day second in chips is the Great Dane, Gus Hansen.  Hansen is looking to follow up his WSOP Europe No-Limit Hold'em Heads-Up victory with a win here in the States.
Michael Mizrachi was unable to defend his title as he was eliminated early on Day Two. Other notable Day Two eliminations included Tom Dwan, four-time bracelet winner, Daniel Negreanu and 10-time WSOP gold bracelet winner Doyle Brunson.
The tournament is scheduled as a five-day event with the final table being played Wednesday, July 6 and streamed live on ESPN3.com and will later be aired as part of ESPN's 2011 coverage of the World Series of Poker on Tuesday, August 9th from 8-10 pm ET.
Visit the WSOP.com tournament portal page HERE to stay up-to-date on the action from this event.