A total of £ 62,500 in prize money was distributed. The World Champions received £ 14,000, the finalists £ 7,000, the semi-finalists £ 4,000 each and the quarter-finalists £ 2,500 each. The remaining participants were each entitled to £ 1,500 for second and £ 1,250 for third in the group stage. The highest finish was awarded £ 1,500.
Tournament schedule
The participants were divided into eight groups of three players each. The first match (December 26th) of a group was played by seeded player A and unseeded player B, the second match (December 27th) was played by the loser from match 1 and unseeded player C; the third match of all groups followed on December 28th. The group winners advanced to the quarter-finals, where the tournament continued in the cup system .