Riyadh, (OIC-UNA) – The 2017 King Salman World Rapid and Blitz Championship commenced in Riyadh Monday evening.
Norwegian chess grandmaster Magnus Carlsen, who is currently the highest-rated chess player in the world and World Champion in classical chess, will take part in the championship, along with world no. 2 and no. 3 Levon Aronian of Armenia and Shakhriyar Mamedyarov of Azerbaijan.
The Championship, which enjoys great interest by international media, is being held in the Kingdom for the first time. It hosts 236 players from 70 countries.
The total prize money for the event is $2 million, with individual prize money of $750,000 for the Open and $250,000 for the women in both events. This is almost 350 percent more than the previous prize pool.
There will be 30 prizes for each event, with the first prize being $250,000 in the Open Section and $80,000 in the Women Section.
Source: International Islamic News Agency