We're down to five-handed play at the final table of Event 49, the penultimate $1,500 No Limit Hold'em tournament after the second hour of action under the ESPN mood lighting. Here's how it all has played out to this juncture:

Hoog Achacka'd (7th)

A short-stacked Jesper Hoog moves all-in from middle position for his last $222,000 and is called by Peter Nguyen on the button. Hoog turns up K 7 and Nguyen has A K. The board comes T 2 2 J 9 and Hoog can't dredge up the suckout. He's eliminated in seventh place, taking $113,157 as he goes.

Siu Settled Out Of Court (6th)

Vancouverite Chad Siu ships his last $210,000 all-in from middle position and Joe Pelton calls on the button, showing A 9 to Siu's A K. Siu looks to be in great shape to double up, but after the flop comes T 7 4 and the turn the 3, the flop changes everything with the 9, giving Pelton the two-outer and consigning Siu to the rail in sixth. He'll take home $150,257.

Conroy Doubles!

Action folds around to Joe Pelton, who completes in the small blind. John Conroy checks his option in the big blind and the flop comes A J 9. Pelton leads out for $70,000 and Conroy moves all-in over the top for his last $420,000.

Pelton makes the call with A 5 and Conroy is behind, holding J T. The turn is the Q and the river the 8, however, giving Conroy the straight and doubling him through Pelton.

Chip Counts!

Here are the current chip counts, courtesy www.worldseriesofpoker.com:

The final table of Event 49, the penultimate $1,500 No Limit Hold'em touranment of the 2008 World Series, is underway from the floor of the Amazon Room at the Rio, and in the first hour of play we've already had two eliminations.

Here's how the action has played out thus far as we play out this donkament:

Kohnen O'Brien'd (9th)

John Conroy raises to $86,000 and Christoph Kohnen moves all-in over the top for his last $174,000 from the small blind. Conroy makes the call, holding K J to Kohnen's A J, and the German looks primed for a double-up.

The flop comes Q 9 9 and after the turn is the 3 the river is the T, giving Conroy the gutshot straight and eliminating Kohnen in ninth place. He'll earn $58,248 for his time.

Kalb Krunched (8th)

Rasmus Nielsen raises to $80,000 and Robert Kalb moves all-in for his last $355,000. Nielsen makes the call, holding A Q to Kalb's A 9. The board comes A K 6 T 4 and Kalb is eliminated in eighth place. He'll take $85,331 for his efforts.

Chip Counts!

Here are the chip counts for the surviving seven players: