Failed Online Poker Operator PKR Weekly Round-up — May 19, 2017

By Brian Cullingworth, Last updated May 19, 2017

Microgaming Update On PKR Poker Situation (Update)

Online poker provider continues to keep players in the picture

Microgaming has continued to keep players in the picture on the financial difficulties being experienced by the failing PKR online poker operation, advising Friday that joint administrators have been appointed.

The Microgaming advisory reads:

“Microgaming can confirm that 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 11 May 2017 by the High Court, Chancery Division.

“All enquiries relating to these companies should be addressed to the Joint Administrators. Creditors and those with player accounts can contact the Administrators via email: pkr.restructuring@rsmuk.com.

“Microgaming expects further information to be placed on the website http://status.pkr.com/ in due course. As a creditor, Microgaming will continue to share as much information as possible as and when it becomes available.

“Please consult the MPN’s blog for a Q&A on this matter:  https://www.mpn.poker/blog/pkr/.”

PKR Poker Administrators State Their Intentions

Statement reveals first priority is to find a buyer for the business as a whole, or a buyer for the database

RSM Restructuring Advisory, the UK firm appointed by the courts to administer the affairs of failed online poker operator PKR (see previous InfoPowa reports) has issued a statement laying out its priorities.

Speaking for the company, administrator David Taylor said that in regard to PKR.com’s parent companies, PKR Ltd and PKR Technologies Ltd, RSM’s first priority is to seek “a buyer for the business and assets as a whole.”

The alternative, he said, was to seek “a buyer for the player database and other assets.”

Taylor went on to advise that it is not just the players that have to be considered, but other creditors, and that RSM has a duty to maximise realisations for the benefit of all creditors.

He promised that RSM will keep all interested parties updated on developments as they occur by using the PKR.com website, and invited players to contact the administrators with any questions they may have by emailing pkr.restructuring@rsmuk.com.

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