Yes but having to pay a grand to enter ? Imagine booking into a 5 star hotel and they say you have to bring your own bed !
It's obvious that American chess players have been underserved for so long, that it has been accepted as normal.
Most Northern Europeans would consider that they were the subject of an elaborate hoax, if asked to pay and supply the equipment.
I've been playing tournament chess for thirty-five years and have never been asked to bring equipment. In fact, I own neither a tournament chess set (family dog nibbled the Rooks) nor a chess clock.
It is quite easy for any organiser to supply all the equipment, he simply makes it part of the deal that the chess stall owner (books, sets, clocks etc.) supplies all equipment, in return for the concession.
I don't see why so many people are getting upset about the clock issue. There are very few chess players who don't own a set, board, and clock, and they are extremely portable.
It's only a matter of time before someone sneaks a chess engine into their clock and tournaments will end up supplying them all.