Luis Horna was the defending champion in the singles and was eliminated in the round of 16 this year. The first seeding list Fernando González won the tournament this year after he did not have to compete in the final because his final opponent Juan Mónaco could not compete due to an injury to his left ankle that he sustained in the double finals. In doubles, Paul Capdeville and Óscar Hernández were the defending champions. Both competed with other partners this year and were eliminated in the first round. José Acasuso and Sebastián Prieto won the title this year . In the final, they benefited from the abandonment of the duo Máximo González and Mónaco with a score of 6: 1 and 3: 0.
After the tournament was still held in round robin format in 2007 , this year the team has switched to a draw with 32 players in the singles competition and 16 pairs in the doubles competition. The total prize pool was $ 437,000 and total financial liabilities were $ 462,000.
The qualification took place from January 26th to 28th, 2008. Four qualifying places were played, which entitle them to participate in the main draw of the tournament.
The following prize money and world ranking points were paid out or credited for reaching the respective round. Players who passed the qualification received the specified qualification points in addition to those for reaching the respective round. Otherwise, the amounts are not cumulative (amounts for the double competition per team).