The St. Petersburg 1914 chess tournament celebrated the tenth anniversary of the St. Petersburg Chess Society. The president of the organizing committee was Peter Petrovich Saburov. Members of the committee were: Boris Maliutin, Peter Alexandrovich Saburov, and O. Sossnitzky. They intended to invite the present top twenty chess players, with world champion Emanuel Lasker, challenger José Raúl Capablanca, and the two winners of the All-Russian Masters' Tournament 1913/14 (Alexander Alekhine and Aron Nimzowitsch). Unfortunately, Amos Burn, Richard Teichmann, and Szymon Winawer declined for reasons, such as old age. From the other side, Oldřich Duras, Géza Maróczy, Carl Schlechter, Rudolf Spielmann, Savielly Tartakower, Milan Vidmar and Max Weiss could not accept due to tensions of Russia with Austria-Hungary in the year 1914. Finally, eleven top players from Germany, France, United Kingdom, United States, Cuba, and Russian Empire were accepted. According to the unofficial Chessmetrics ratings, the tournament was (as of March 2005) the 13th-strongest tournament in history (in terms of the top players participating), and the 5th-strongest ever held up until that time.
The players were well compensated for their expenses. Lasker got an additional 4500 Rubles for playing in his first tournament in five years. Prizes or money for draws and wins had to be earned. The main event lasted from 21 April to 22 May 1914. The games were played at the St. Petersburg Chess Club in the afternoon and evening. The time control was 30 moves in 2 hours, followed by 22 moves in 1½ hours and 15 moves per hour for the rest of the game.