Holding a £5,000 prize fund, it is a dual open event with both steel and soft tip tournaments taking place.
There will be £1,000 to the winner, £500 to the runner-up and semi-finalists receive £200.
As well as well known players from Gibraltar such as Dyson Parody, Dylan Duo and Justin Hewitt, the likes of Laura and Aaron Turner as well as Jose Justicia are in action.
Click here to follow results on the new DartsAtlas system which is being used on MAD events this weekend.
Stream (provided by NorthEastDarts TV and MAD)