The management of embattled online poker room PKR (PKR.com) has informed the market that it has appointed administrators as the company officially files for bankruptcy.
Issuing a website update, PKR has informed that following a review of its financial arrangements, the operator has appointed David R Taylor and Matthew RM Wild of RSM Restructuring Advisory LLP as joint ‘PKR Technologies’ administrators.
The company urges all its creditors and concerned parties to contact the administrators via – [email protected].
This May PKR management shut-down its operations stating that the company had entered ‘financial difficulties’ and was in the process of taking professional advice.
Through platform partner Microgaming, PKR management informed that all player accounts and funds had been separated from its day-to-day operations in-line with UKGC and Alderney online gambling practices.
Entering administration, no party or industry stakeholder has thus far shown interest in PKR assets or operations. Launched in 2006 as a standalone 3D online poker room, PKR is one of the industry’s oldest poker operators.