PKR in Administration
by ThePOGG - May 13, 2017
After having its Category 1 eGambling licence suspended by the AGCC for failing to meet its payment deadline, PKR Limited have now entered into administration. The online casino is no longer in operation and there is currently no information to suggest that they will be back in business any time soon.
The first sign of trouble happened earlier last week when players were unable to access the site. Information became available on the 5th of May when Microgaming revealed to the press that it has suspended gameplay with PKR. PKR is a UK based company that was founded in 2006. They were one of the first online poker rooms to offer a 3D experience and benefited hugely from the rise in popularity of online poker a decade ago. At its peak PKR could boast more than 5 million users worldwide but in recent years the company’s reputation has fallen into disrepute. In November of last year ThePogg handed PKR a trustworthiness rating of 3 out of 10 after it was reported that they failed to pay a player without offering any explanation.
Attempts to diversify into other gambling platforms appear to have come too late for PKR as the decline in popularity of online poker hit hard.
There are now PKR users who will not be able to access their accounts and it remains unclear whether or not those funds will find a way back into players’ pockets.
ThePogg will be following this story closely over the next few weeks and will provide you with updates as soon as we know more.