Two days ago Richard Yong topped a field of 70 entrants to win the AU$100,000 Challenge for AU$1,870,000. His good friend, Phil Ivey, joined him for the winner's photo, but now the defending champ has sent the businessman to the rail.

It happened when Ivey opened for 55,000 and Yong moved all in from the big blind for 307,000. Ivey dropped in a call and the cards were tabled.

Yong:
Ivey:

Yong was ahead, but Ivey was drawing to two live cards. The flop kept Yong in the lead, but then the dealer burned and turned the to pair Ivey. Yong needed an ace on the river to survive, but it wasn't meant to be as the bricked.

Yong leaves empty handed in sixth place while the remaining five players are guaranteed at least AU$551,000.