Financial Difficulties Shut Online Poker Room PKR

Financial difficulties have closed poker room PKR indefinitely, a statement sent by online gaming provider Microgaming reads.

First indications that there was probably something bad happening with the poker operator emerged earlier this week when players made it known that they had not been able to access its website. There was no information about what has been going on up until this morning when Microgaming informed the media that it had suspended gameplay on PKR.

A later statement offered a bit more clarity, providing information that the operator has been facing financial issues and that owners PKR Ltd. and PKR Technologies Ltd. Are currently taking financial advice so that they are able to address the situation in due manner. It is yet unknown for how long operations will remain shut down and whether the website will be relaunched anytime soon.

Last February, the Isle of Man-based gaming company became the operator’s exclusive online poker and casino supplier. The move put an end to PKR’s former status of a stand-alone poker operator and joined it to what had formerly been known as the Microgaming Network, now MPN. The poker room thus received access to a wider player pool.

Launched more than a decade ago, PKR has been among the long-running online poker rooms. It has maintained a good reputation among players, although it cannot be placed among industry leaders like PokerStars and Full Tilt Poker.

Prior to joining MPN, PKR featured its own in-house built 3D software with characters that performed emotions and movements and were customized to look like the players wanted them to look. That was considered as one of the brand’s biggest advantages, one of its landmark features that made it stood out from its competitors in the field.

Joining the Microgaming-powered poker network, PKR kept some of the features of its previous software but also offered its existing players the opportunity to reach a larger player base.

As mentioned above, PKR was launched in the summer of 2006. Based in Alderney, it holds a license from the Alderney Gambling Control Commission. Over the course of its expansion to more markets, it has also been granted licenses from the gambling regulators of the UK and Denmark.

A year after its launch, the poker room shook hands with leading iGaming provider Playtech and the latter became the exclusive casino software provider for PKR. In 2012, the poker operator announced that it had grown to over 5 million international players for the seven years of its existence.

Casino News Daily will follow the PKR topic closely and will inform readers about any further developments.

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