Thats an interesting question and im glad that sportsfan had some good insight to the issue. I myself am happy in the number of Sunday tournaments that are being offered and I hope to see more in the future. Nothing makes me happier than to spend all weekend doing what I love the most.
As far as offering open tournaments on Sunday I don't see any reason why a tournament could not be run on this day, but I think most clubs recognize that Saturday has always been the day for open tournys. And that Sunday offers and opportunity for the Novice tournaments to be run independently. There are some clubs that do both a Saturday and a Sunday stretch. Based on my observations of the last few years, only a small percentage of parents are willing to take their kids to 2 tournaments in a weekend because of money reasons or just a lack of willingness to lose a whole weekend. A lot of the time a parent will choose 1 day or the other for their child based on their experience level.
Hopefully in the future we will see every weekend filled with an open tourny on Saturday and an Open/Novice tourny on Sunday as well.