Scotty Nguyen today came within inches of clinching his sixth career golden bracelet after losing heads-up to Joe Cassidy in Event #24, the $5,000 Omaha Hi-Low Split-8-or-Better.

Nguyen had endured a tough field of competitors and outlasted among other Phil Ivey, who finished the event in third place last night.

Following Ivey's exit, Nguyen and his heads-up opponent Joe Cassidy went on a break until this morning, where they continued play until Cassidy eventually took the win.

Nguyen entered heads-up play with a four-to-one deficit in chips, and never managed to turn around the tide and fight his way back into the match.

Following his defeat, Nguyen showed to be disappointed while still being full of praise for Cassidy's play.

"I'm disappointed but it's not my time today, baby. When it's not your time you just have to think about he next one," Nguyen told Pokerlistings after his defeat.

"It was Joe Cassidy's time and I congratulate him. He played so good for three days and when you play good and you have luck behind you there's nothing that can stop you, baby," he added.

For the runner-up finish, Nguyen - also known as "The Prince of Poker" - took home a $182,213 consolation prize. The cash was his 28th WSOP cash, and will bring his lifetime earnings to more than $11.6 million.

Among his many results are five golden bracelets, including wins in the 1998 Main Event and the 2008 H.O.R.S.E Players Championship.

Meanwhile, Joe Cassidy took home the $294,777 as well as the golden bracelet - the first of his career.