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Big cash prizes as Red Cherry Chess tournament gets underway this weekend

Jul 17, 2012 Sports

 

Giving back to a fraternity that has shaped one’s sporting life is indeed a thrilling feeling and Loris Nathoo, a chess player who has benefitted from numerous corporate gestures during his active days, has decided to reciprocate and has donated a hefty package towards the success of the inaugural Red Cherry Café Ladder Chess tournament starting on Sunday July 22 at the Kei-Shar’s Sports Club, Hadfield Street, Georgetown.
The Red Cherry is partnering with Kei-shar’s and the Guyana Chess Federation to invest a total of $500,000 in this development drive.
The ladder tournament, a relatively new format that challenges players to score wins and remain on the top rungs of the chess ladder, is open to all male and female chess players and registration begins at 09:30hrs at the venue. The first round starts one hour later. Registration fee is $100 for members and $300 for non-members of the GCF.
Meanwhile, shortly before handing over the cheque to facilitate the success of the tournament, CEO of The Red Cherry Café, Loris Nathoo, said that he felt obliged to support the sport since Chess has been instrumental in his general development. The businessman further opined that a concerted effort should be made to introduce the sport to persons of all ages and vocations. “Chess trains you to think ahead and gives you the opportunity to reflect on the consequences of each decision you make and to my mind, provides one with the opportunity to practice important life skills,” said Mr. Nathoo. He further pointed out that this format presents players with a novel way to compete in a dynamic, fast paced and highly competitive tournament while honing their skills with the added incentive of winning the inaugural Ladder Chess tournament.
Players will compete for lucrative prizes and at the end of the first day’s activities, outstanding players will receive cash prizes as well as Red Cherry vouchers. The first place winner will get $5,000 cash, a voucher worth $5,000 and a trophy, while the second place finisher receives a voucher worth $4,000 and medal. The third prize is a voucher worth $3,000 and a medal. Similar prizes will be awarded at the end of each day’s play of the 32 rounds championship.
Subsequently, the top four finishers from the 32 matches will meet in a double round robin clash scheduled for Saturday August 11. The top four will each have only 10 minutes on the clock and the winner of that encounter will receive $50,000 cash, a gift voucher of similar value and a trophy. The other three participants will also receive vouchers and medals.

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