With the Isle of Man is full swing and American Olympians such as Fabiano Caruana, Hikaru Nakamura and Wesley So playing, Sam Shankland and a number of junior stars were left to defend home turf. It was an unfortunate conflict of schedule and perhaps the Millionaire Chess Open would have shined brighter in its third edition. The prize offerings were certainly more generous than what was offered at Isle of Man tournament which attracted the lion’s share of the elite players.
While there has been talk of the entry fee for MC tournaments and there is certainly an argument for lower entry fee. The first two editions drew 550 entrants at $1000, but the this edition only drew 400 at $549. It was rather counter-intuitive that players did not support the event since one of the issues was the higher entry. Apart from the actual entry fee, one must also consider the depth and width of the prize offerings for the MC tournaments and chances to win. There were 50 prizes in the Open section for US$129,900 alone at only 60% of original prize fund! Let’s look at the breakdown vs. Isle of Man.