The tournament is sponsored by Matchroom Sport, which has sponsored the event since 1999. 128 participants from 46 WPA member countries competed for US$400,000 in total prize money, including defending champion Ronato Alcano of the Philippines. The overall winner received a purse of $100,000, the highest-ever payout for the tournament.
All matches are in winner's : the winner of the previous rack will break on the next rack, it was reverted from alternate break used in 2006.
Also, a double-elimination tournament will be used for the group stages; instead of 32 groups of 4, there will be 16 groups of eight, with the top four advancing. Each player will be seeded 1-8 in their groups, with a routine double-elimination tournament following the first round; however the player that wins twice will advance to the quarterfinals and will not take part in other group matches, in contrast if a player loses two games, he is eliminated. The top four players in each group therefore would had won twice. After the group stages, the routine 64-man single elimination tournament follows.
In the initial group stages the format consists of to 9 racks. The last 64 play races to 10 racks. This is followed by the round of 16 (quarterfinals and semifinals) where the races are to 11 racks. The race in the finals jumps to 17 racks.
| Champion | |
| Runner-up | |
| Semifinals | |
| Quarterfinals | |
| Last 16 | |
| Last 32 | |
| Last 64 | |
| Group stages |
| Seed | Name | Previous titles | 2007 finish |
|---|---|---|---|
| 1 | Ronato Alcano | 1 (2006) | Last 64 |
| 2 | Ralf Souquet | 1 (1996) | Last 32 |
| 3 | Wu Chia-ching | 1 (2005) | Last 32 |
| 4 | Yang Ching-shun | none | Last 64 |
| 5 | Thorsten Hohmann | 1 (2003) | Group stage |
| 6 | Efren Reyes | 1 (1999) | Last 64 |
| 7 | Chang Jung-lin | none | Last 32 |
| 8 | Alex Pagulayan | 1 (2004) | Last 16 |
| 9 | Francisco Bustamante | none | Quarterfinals |
| 10 | Thomas Engert | none | Last 64 |
| 11 | Konstantin Stepanov | none | Last 16 |
| 12 | Mika Immonen | 1 (2001) | Quarterfinals |
| 13 | Shane Van Boening | none | Last 32 |
| 14 | Li He-wen | none | Group stage |
| 15 | Johnny Archer | 2 (1992, 1997) | Group stage |
| 16 | Niels Feijen | none | Last 16 |
| Seed | Name | Previous titles | 2007 finish |
|---|---|---|---|
| 17 | Daryl Peach | none | Champion |
| 18 | Chao Fong-pang | 2 (1993, 2000) | Last 32 |
| 19 | Fabio Petroni | none | Last 64 |
| 20 | Dennis Orcollo | none | Last 64 |
| 21 | Lee Van Corteza | none | Last 64 |
| 22 | Rodney Morris | none | Group stage |
| 23 | Imran Majid | none | Last 64 |
| 24 | Corey Deuel | none | Last 16 |
| 25 | David Alcaide | none | Last 64 |
| 26 | Christian Reimering | none | Withdrew |
| 27 | Tony Drago | none | Last 32 |
| 28 | Fu Che-wei | none | Last 64 |
| 29 | Jonni Fulcher | none | Group stage |
| 30 | Luong Chi Dung | none | Last 32 |
| 31 | Ronnie Wiseman | none | Group stage |
| 32 | Ricky Yang | none | Group stage |
| Country | Last 64 | Last 32 | Last 16 | Quarterfinals | Semifinals | Final |
|---|---|---|---|---|---|---|
| 4 | 2 | 2 | 2 | 2 | 1 | |
| 13 | 5 | 4 | 3 | 1 | 1 | |
| 1 | 1 | 1 | 1 | 1 | - | |
| 10 | 7 | 2 | 1 | - | - | |
| 1 | 1 | 1 | 1 | - | - | |
| 4 | 3 | 1 | - | - | - | |
| 4 | 2 | 1 | - | - | - | |
| 3 | 2 | 1 | - | - | - | |
| 3 | 1 | 1 | - | - | - | |
| 1 | 1 | 1 | - | - | - | |
| 1 | 1 | 1 | - | - | - | |
| 3 | 1 | - | - | - | - | |
| 2 | 1 | - | - | - | - | |
| 2 | 1 | - | - | - | - | |
| 1 | 1 | - | - | - | - | |
| 1 | 1 | - | - | - | - | |
| 1 | 1 | - | - | - | - | |
| Other countries | 9 | - | - | - | - | - |
| November 11 | Daryl Peach | 17–-15 | Roberto Gomez | Araneta Coliseum, Quezon City Referee: Mikaela Tabb |