Recently , a chess tournament "Bilbao Grand Slam Final" has started and a total of six grandmasters from all over the world, Veselin Topalov ( Bulgarian ), Magnus Carlsen ( Norwegia ),Viswanathan Anand ( India ), Vassily Ivanchuk ( Ukraine ), Teimour Radjabov, ( Azerbaijan ) , and Levon Aronian ( Armenia ) have competed in a total of 9 games, ( so far ) with Veselin Topalov leading followed by Levon Aronian, Magnus Carlsen, Vassily Ivanchuk, Viswanathan Anand, and lastly, Teimour Radjabov. Bilbao is a city in Spain. The tournament will last from September 1 to September 13 and is a double round robin event.
The tournament is also one of the highest rated, because the average elo ( rating points ) is 2775.6 making it a category 22 tournament. Players get three points for a win, one point for a draw and zero points for losing a game. The prize fund for the event is 400,000 Euros, with the winner receiving €150,000, the second place €70,000, etc. with the 6th player getting €30,000. The sums are unprecedented for an event like this. Only World Championships have exceeded the amount.
References
http://chessbase.com/newsdetail.asp?newsid=4907
In other news, the Women's World Championship 2008 is taking place from August 28th to September 18th in Nalchik, in the Kabardino-Balkaria region of Russia. 64 players were eligible to play in the knock-out event, which has a prize fund of US $450,000. Due to the tensions in the region the Georgian players and a few others decided not to participate. The finals, were played by Koneru Humpy ( India ), Pia Cramling ( Sweden ), Alexsandra Kosteniuk ( Russia ), and Hou Yifan ( China ), ultimately, Hou Yifan, a 14 year old chess prodigy from China is leading with 4.0 points followed by Koneru Humpy (2.0 points), Alexsandra Kosteniuk (1.5 points) and Pia Cramling (0.5 points).
References
http://chessbase.com/newsdetail.asp?newsid=4907
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