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Defending World Series of Poker Champion Joseph Hachem Ousted

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Last year's World Series of Poker champion Joseph Hachem was eliminated from the 2006 WSOP and finished in 238th place.

Joseph Hachem, the winner of over $7 million last year, went all in with a pair of aces, but lost to his opponents three of a kind.

At about 12:30 a.m. EDT, Jamie Gold was the chip leader with 1.8 million. Alex Balandin was second with 1.5 million, WeiKai Chang was third with 1.35 million and Kyle Bowker was fourth with 1.23 million.

Other pros still in the running for the $12 million top prize were Annie Duke and Allen Cunningham. Ken Jacobs, son of poker pro Tom Jacobs, had fallen far back in the pack.

The day saw several notables bust out, including pros Daniel Negreanu, Kathy Liebert and Cyndy Violette, and longtime player Hoyt Corkins. None of the remaining players will go home empty-handed. The final 873 players in the tournament are "in the money," meaning they win some portion of the $10,000 buy-in back.

The final table of nine will play down starting Aug. 10.

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