Players are signing up now to play in the Millionaire Chess Open, the highest-stakes open chess tournament in history. The tournament will be held October 9-13, 2014 at the Planet Hollywood Resort and Casino in Las Vegas, Nevada. This chess tournament boasts a guaranteed prize fund of $1,000,000.
The open section pays through 50 places with first place receiving $100,000.
The Millionaire Chess Open is different from any other open chess tournament in history and not just because of large amount of guaranteed money. The first seven rounds of every section (time control is 40/2 and G/30) will be qualifying rounds to determine who plays in the finals on Millionaire Monday. Four finalists will move on to play two knock-out rounds to determine who wins the top prize. The last two rounds of the Open section will also be played on Millionaire Monday to determine who wins 5th place and under as well as to give players a chance to acquire norms. In the other sections, the tournament will be officially over by Sunday night, October 12 for players who did not make it to Millionaire Monday.
You can go to Millionaire Chess.com to sign up now. Players signing up by July 31, 2014 will pay $1,000, those players signing up between August 1 and October 8 will pay $1,500 and those signing up on October 9 through 3:30 p.m. on October 10, 2014 (when the registration closes) will pay a $2,000 entry fee. The following discounts are being offered: Register with a group of 10-24 players and get a 10% discount and register with a group of 25+ and get a 12% discount.