PKR Poker admits to financial woes

It appears that the future of industry legacy online poker operator PKR is in severe doubt, following its confirmation that it has ‘experienced recent financial difficulties and is in the process of taking professional advice’.

This week, PKR’s website (PKR.com) has been offline for more than 48 hours, leading to player speculation regarding the operator’s future and abilities to trade. 

This morning PKR platform partner Microgaming updated the market issuing the following statement:

“Following a request from PKR on Wednesday 3 May 2017 at 17:32, Microgaming suspended gameplay on PKR.com. Microgaming is aware that their games remain offline and players are speculating about the reason for this. As soon as Microgaming has more information on the situation, it will be shared as soon as possible “.

Launched in 2006 as a standalone 3D online poker room, PKR is one of the industry’s oldest poker operators.

However recent years have been unkind to PKR which has a significant drop in its poker player liquidity, forcing the company to merge its standalone platform with Microgaming network provisions (March 2016).

In 2016, under the leadership of new CEO Chris Welch and having secured new investment PKR management detailed that the company would diversify its product ranging seeking to add an online casino extension, whilst further studying the possibility of launching a sports betting product to support it’s services.

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