The City of Reykjavík has sponsored the tournament since its inception in 1964, when Mikhail Tal won it with a record 12½ points out of 13. The tournament was initially held every two years, but has since 2008 taken place every year. It was closed in its early years, but has been an open event since the 1980s. Throughout its history the Reykjavik Open has featured many of the strongest chess players in the world at the time, including Mikhail Tal, Nona Gaprindashvili, David Bronstein, Vasili Smyslov, Bent Larsen, Friðrik Ólafsson, Mark Taimanov, Lev Polugaevsky, Jan Timman, Victor Korchnoi, Samuel Reshevsky, Anthony Miles, Nigel Short, Hikaru Nakamura, Judit Polgar, Magnus Carlsen, Alexander Grischuk, Fabiano Caruana and Hou Yifan.
The Reykjavík Open has enjoyed such an enviable reputation that more than 200 chess masters registered interest in participating last year and we expect be a similar number of GMs in the 2013 tournament. As in previous years, the goal of organizers to is invite many of the youngest and most promising chess players in the world, as well as the strongest women players around.