The online gaming environment is of course an ever changing one, and any company offering any type of gambling site can be popular with players one minute, then out of favour the next. Over the years we have seen many companies come and go, and one company that has just had the plug pulled on their online operation is PKR.
Having become a fairly popular poker site they quickly grow and started to offer their customers both an online instant play range of casino games via their PKR Casino brand and also offered a range of live casino games too.
They chose to operate using the Microgaming software platforms, and as such players did feel at home using one of the most commonly available gaming software platforms whether they were playing casino games or poker games online.
However, in a remarkable turn of events this week Microgaming pulled the plug on their operation due to the fact that PKR could not meet their financial obligations and were unable to pay their players nor it would seem the licensing royalties to Microgaming.
In the past when a casino or for that matter poker site has been experiencing financial problems when using Microgaming’s software platform, one of their other licensees takes over that operation. You only have to look at the mighty Casino Rewards Group who now operates over 30 Microgaming powered casino sites to see one such licensee who has been buying out or taking over struggling casinos using Microgaming software.
For reasons yet unknown however it was decided that the best course of action was to be a winding up of PKR and as such David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on Friday the 12th of May 2017.
Microgaming have been updating their website throughout the week with updates about this unfolding news story, and are now directing players and anyone else owed money by PKR to the PKR website status page.
As such anyone who does currently have a funded casino or poker site account with PKR are advised to check that status page for details of how they are going to be able to put in a claim for any and all moneys owed to them, however at this moment in time we are unaware as to whether all player account balances are safe and will be returned to them in full.
This should be seen as something of a warning to poker and casino game players to put in place some form of personal checklist in regards to where they play, for even large and supposedly well run and operated gambling sites, as proven in the case of PKR, can suddenly find themselves unable to continue to pay their players.
By sticking to playing only at fully licensed and regulated casino sites will players have at least some form of protection in regards to their gambling bankrolls held in such sites, unlicensed poker and casino sites can and have in the past simply shut up shop, taken player’s account balances with them never to be seen again.