Two days are in the books at the World Poker Tour’s (WPT) Festa al Lago event. A total of 275 players registered, a drop of 25% compared to 2008, and entering Day 3 on Friday, Jason “JCarver” Somerville leads the way with a stack of 557,000.

A total of $1.2 million is up for grabs for the winner of the $15,000 buy-in tournament being held at the Bellagio. One person who won’t have the opportunity to vie for the seven-figure payday is Barry Shulman, the reigning champion of the World Series of Poker (WSOP) Europe Main Event and father of November Nine member Jeff Shulman. The elder Shulman, founder of CardPlayer Magazine, was knocked out to close play on Thursday after pushing pre-flop with A-4 and running into the A-10 of Poorya Nazari. The winner of the 2009 PokerStars Caribbean Adventure, Nazari saw his hand hold to knock out Shulman.

Also eliminated late in the day was Full Tilt Poker pro Howard Lederer, who pushed over the top of a raise by Mark Seif for 60 big blinds holding pocket jacks. However, Seif called and turned over pocket kings. The board ran out Q-10-10-6-A to send Lederer home just a few hours after he bought into the tournament during the extended registration period on Day 2.

2008 WSOP Europe Main Event Champion John Juanda was sent packing shortly after registration closed at 5:00pm Pacific Time on Thursday. Juanda called all-in for his tournament life on a board of K-Q-5-9 with three spades holding 6-7 of the suit. His opponent, Somerville, held Q-10 of spades for a higher flush and Juanda was eliminated. The hand pushed Somerville’s stack to 240,000.

2009 Poker Hall of Fame nominee Erik Seidel, an eight-time WSOP bracelet holder, took a bad beat at the hands of Phil Laak to end his run in the WPT Festa al Lago. Seidel pushed pre-flop with A-K and Laak made the call with K-5 of diamonds. Sure enough, a five hit the turn to give Laak the win in the hand. Laak’s stack grew to 120,000, but he did not survive play on Thursday. Others who were ousted included Beth Shak, Phil Hellmuth, Kenny Tran, Paul Wasicka, Erik Cajelais, David Grey, Carlos Mortensen, Eli Elezra, Jason Mercier, and Mike Sowers.

Here are the top 10 chip stacks remaining in the Festa al Lago entering Day 3 on Friday:

1. Jason “JCarver” Somerville – 557,000
2. Mark Seif – 473,200
3. Dutch Boyd – 453,800
4. Chad “lilholdem954” Batista – 425,000
5. Corwin Cole – 405,600
6. Richard Sciuto – 403,100
7. David “The Dragon” Pham – 365,000
8. Mike “goleafsgoeh” Leah – 348,400
9. Steven McKoy – 325,500
10. Jonas Entin – 317,600

Ninety-eight players remain, with the top 27 spots paying out. Other notable names still in the hunt for the WPT title include:

11. Steve “gboro780” Gross – 301,900
13. Lee Markholt – 273,800
21. David “Chino” Rheem – 233,000
27. Poorya Nazari – 221,600
30. Chau Giang – 210,700
34. Justin “ZeeJustin” Bonomo – 197,500
38. Mike Matusow – 183,800
48. Freddy Deeb – 144,800
49. Steve Brecher – 137,600
59. Andy Bloch – 112,200
60. Cliff “JohnnyBax” Josephy – 111,600
61. Glen Chorny – 111,100
63. Vivek “Psyduck” Rajkumar – 106,200
64. Todd Brunson – 105,900
72. Jonathan “FieryJustice” Little – 88,300
75. Brandon Cantu – 84,000
78. Josh Arieh – 77,800
80. Prahlad Friedman – 75,900
83. Barry Greenstein – 68,900
89. Kathy Liebert – 55,000
92. Phil Ivey – 51,700

When play halted for the evening in Las Vegas, blinds were at 1,000/2,000 with a 200 chip ante. The Festa al Lago will crown a winner on Monday. Stay tuned to Poker News Daily for the latest from the marquee WPT event.

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