PKR Poker Website Shuts Down Suddenly

Online players with accounts and money deposited with PKR Poker are wondering if they’ll ever see their money again after the site suddenly shut down late last week.

Due to self described “financial difficulties” stated in an online post, PKR Poker mysteriously went offline last week, likely for good.

Suspicions arose a few days earlier when the site went offline for what was at the time being called “regular maintenance.” After the maintenance period continued for more than 24 hours PKR’s message suddenly changed and stated that PKR would be closed indefinitely due to “financial difficulties.”

Indefinitely likely means permanently as more information continues to be released. PKR again updated the message on their website stating:

“Further to earlier announcements, PKR Limited and PKR Technologies Ltd. have filed applications to Court for Administration orders, which will be heard in the week commencing 8th May, 2017. Further information will be placed on this website following the hearings. This information will include contact details for players and creditors to address queries and details of the process.”

An application to the Court for Administration Orders is a process under UK law for insolvent companies, similar to bankruptcy in North America. These filings and the sudden closure of PKR is especially troubling to account holders who have no idea when or even if they will get access to the money they had in their accounts.

PKR Became MPN Member Last Year

PKR became a member of Microgaming’s Poker Network, known as the MPN, just last year. They had previously operated independently for nearly a decade since launching in 2006.

Despite being part of MPN, players’ funds remained fully under PKR’s control and MPN stated in a release they do “not hold any player funds whatsoever. Player funds are held only by PKR and it is now the duty of PKR’s administrator to return the funds to players. PKR’s administrator will ultimately decide how to return money to players.”

PKR was the first 3D online poker room when it launched in 2006. The gimmick initially brought PKR a lot of publicity and interest, but over time PKR began to struggle to keep and attract new players. The decline was what reportedly led to joining MPN, but the partnership appears to have been too little too late for PKR after last week’s announcement and closure.