We've just seen a shocking collapse from the start-of-day chip leader, as Jerry Yang has rolled-over the table in the early going and just deleted Philip Hilm from the roster. Here's the latest from the Amazon Room floor:

Strength from Rahme

Hevad Khan raises to $700,000 and Raymond Rahme re-raises to $2.8 million. Action folds back around to Khan, who thinks for a few minutes before surrendering the hand.

Yang Outmaneuvers Hilm

Jerry Yang leads out for $2.5 million from the cut-off and Philip Hilm makes the call in the big blind. The flop comes A T 8 and Hilm checks. Yang counts out $3 million and Hilm makes the call. The turn is the 3. Hilm checks to Yang, who moves all-in. Hilm lays it down and Yang pumps his fist in celebration as he takes down the pot.

And then, on the very next hand...

Philip Hilm

Yang v. Hilm II

Action folds around to Jerry Yang in the hijack and he bets out $1 million. The action folds to Philip Hilm, who makes the call in the small blind. The flop comes K J 5 and Hilm checks to Yang, who bets $2 million. Hilm makes the call and the turn is the 2. Hilm checks again to Yang, who bets out $4 million. Hilm takes a minute to think before announcing he's all-in.

After another minute Yang makes the call with A K, while Hilm shows 8 5 for a pair and a draw. He needs an eight, a five or a diamond to stay alive, and the river card is the 6, sending Philip Hilm, the chip-leader at the beginning of the day, to the rail in 9th place. Hilm takes $525,934 but cannot be happy with his results after this shocking collapse.

The Big Name: Lee Watkinson

While not everyone at this final table is a name player, we are more than familiar with one of the participants. Lee Watkinson is a FullTilt pro with over $2.6 million in tournament winnings and has been playing in virtually every big buy-in tournament on the schedule. In 2006 he won his first bracelet in the $10,000 Pot-Limit Omaha event.

We heard that he qualified for the Main Event through Full Tilt, and if he wins then he's up for a $10,000,000 bonus.

Outside of poker, his loves include surfing and wresting and long walks on the strip next to the Bellagio musical fountains. Kidding, but maybe.

Philip Hilm

The Chip Leader: Philip Hilm

He's not that well-known in North America, but he may be after today. Philip Hilm is hitting the felt today as chip leader with $22,070,000 in chips.

He placed at the EPT in Copenhagen and 1st in the WCP in Barcelona, so in other parts of the poker world he is relatively famous. Keep an eye on him - this one could be good.

Amazon Room Layout

Not everyone is lucky enough to get a pink wristband and chair in the viewing area, so there are a few little "theaters" set up throughout the room.

When you enter the room, there is a WSOP "store" right in front of you in case you want to buy a sweater to last the blasting air-conditioning. To the left is one viewing area with a few rows of chairs and a television.

On the right side of the store there are about eight televisions set up, showing the final table but there is no live sound feed. If you wrap around the VIP Lounge, there is another giant viewing area with even more TV screens and chairs - but if you must cross the area, duck because you're getting in the way of the show...

There are also TVs set up outside of the tournament room, but for some reason they haven't been activated yet. We are waiting.