It appears this is going ahead, but in Atlantic City.
https://millionairechess.com/
They are effectively restricting eligibility to players with established ratings. Whilst that's good as an anti-sandbagging device, it's very poor as far as promotion of tournament chess to new players is concerned.
Outside the Open, they are regarding "established" as 60 games.
3rd Millionaire Chess
-
- Posts: 3418
- Joined: Thu Nov 08, 2012 5:17 am
Re: 3rd Millionaire Chess
I also see they have halved the entry fee to $500 presumably because they are just not getting the players and cut down the prize pool to $510,000 because they just can't get the sponsors . It's still a goodly sum but to still call it Millionaire chess is becoming quite misleading.
-
- Posts: 21315
- Joined: Tue Apr 15, 2008 2:51 pm
Re: 3rd Millionaire Chess
The entry fee is reducing towards the norm for major US tournaments.Chris Rice wrote:It's still a goodly sum but to still call it Millionaire chess is becoming quite misleading.
The World Open entry fee is over $ 300.
http://www.chesstour.com/wo16.htm
-
- Posts: 8466
- Joined: Sat Jan 02, 2010 1:28 pm
Re: 3rd Millionaire Chess
And only 60% guaranteed. The prize fund seems to be $306k based on 1200 entrants.Chris Rice wrote:and cut down the prize pool to $510,000 because they just can't get the sponsors . It's still a goodly sum but to still call it Millionaire chess is becoming quite misleading.
The winner will become a millionaire if they've already got $970,000 - unless they're foreign, in which case tax will be deducted at source.
If you want a picture of the future, imagine a QR code stamped on a human face — forever.
-
- Posts: 670
- Joined: Sun Jun 14, 2009 10:47 pm
- Location: Leeds
Re: 3rd Millionaire Chess
I’ve always thought the idea of the millionaire chess a bit gimmicky and getting increasingly tackier. It’ll never be in the leagues of say the WSOP main event, where these days anyone who finishes in something like the top 30 becomes a millionaire and the top prize is 5 million plus, I know which one id be entering given the choice.
"When you see a good move, look for a better one!" - Lasker
-
- Posts: 3191
- Joined: Mon Jun 24, 2013 2:30 pm
Re: 3rd Millionaire Chess
The top players have enough money already.