After a third day of play in the $50,000 buy-in Poker Player’s Championship, only 29 players remain.

Leading the way after five levels of play on day three is Josh Arieh with 1.8 million in chips. Brian Rast and George Lind round out the top three with 1.6 and 1.3 million in chips.

The start of day chip leader, Ben Lamb, took heavy damage to his stack early in the day, falling near the bottom of the leader board. Lamb however, was able to chip back up to end the day in the middle of the pack.

Over half of the remaining 74 contenders were eliminated on day three, including 2009 $50k H.O.R.S.E. champion, David Bach who saw his exit with only a few hands left in the day. Other players eliminated were Bertrand "ElkY" Grospellier, Carlos Mortensen and 2010 Main Event runner-up John Racener.

The remaining four tables will resume play Tuesday at 3:00 pm PST to play down to a final table.

The Poker Player’s championship features eight variations of poker and is considered to be among the most prestigious events of the year. The event attracts poker’s top brass, each in contention for this year’s top prize, worth over $1.7 million dollars and the WSOP gold bracelet.

Participation in this year’s Player’s Championship is up 10% over 2010. 128 players entered this year’s event, generating a total prize pool of $6,144,000.

Keep it locked here at for the latest news, updates and photos from all the action as it happens at the Rio All-Suites Hotel and Casino.