The first ever tournament for King of Fighters XIV will be taking place at SNKPlaymore's hometown of Osaka. The company will be providing its game for KVO x TSB 2016, taking place April 29 - May 1.
This same event will also be the first time the game will be on playable display in Japan.
The entry form for KOFXIV's tournament is already up, and participants are capped at 128 players to be picked by lottery if their volume exceeds. The tournament will be single player entry, FT2 per match. Additional rules and information will be released in the near future. It will take place on day 2 (April 30).
[Schedule - April 30 /All hours are in JST] 09:00 AM -- Event begins, KOFXIV will be on playable display 12:00 Noon -- KOFXIV tournament begins. All setups with KOFXIV (including those used for playable display) will be used for the tournament. 08:00 PM -- Finals and ceremony
The tournament will undoubtedly use the latest development build for public display, which explains why it's labeled as an "Exhibition Tournament" rather than a full-pledged tournament. No details on whether it will be streamed.