Ivan Cheparniov experienced victory, the event after a tie-break. Cheparinov had a late run win in his last three games. He also played a rapid match against last year's winner Nikita Vitugov 1.5-0.5. Vitiugov beat Vassily Ivanchuk which was held to a draw by Vachier-Lagrave in the final round in the first round of the tie-breaks but only after two blitz games. Cheparinov won as luck favoured him throughout the game.
Tradewise Gibraltar Masters was organised at the Caleta Hotel, Sir Herbert Miles Road, Gibraltar. The festival organizer is Brian Callaghan and the tournament Director: Stuart Conquest worked hard to make the tournament a grand success. The games were played in 2 separate places in the Caleta Hotel: the Augustus Suite (1st Floor) – boards 1 to 75 and also the Nunos Restaurant Room ( 2nd Floor) – boards 76 to 128.
The 12th Gibraltar Chess Festival, Masters Tournament, was a memorable event for the chess players as it was open for all players who regularly entered into the event. Players took part in the registration process on 27 January 2014 for the first round pairing.
The Masters Tournament followed the FIDE rated as Standard, in case of play-offs, games were FIDE rated as Rapid Play or Blitz.
There were certain rules laid down by the tournament organisers, English and Gibraltarian players were required to be ECF Gold members and their games were therefore ECF graded. The Masters were divided into 10 rounds Swiss system tournament. Pairings were managed with help of Swiss Manager pairing software. The tournament witnessed the rate of play about 40 moves in 100 minutes plus 20 moves in 50 minutes plus 15 minutes for all remaining moves with 30 seconds per move added from the start.