Financial Struggles for PKR.com

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May 8th, 2017
Back Financial Struggles for PKR.com

On May 5th, Microgaming announced PKR.com’s May 3rd request to suspend all gameplay and cashier services including deposits and withdrawals. Little information was available; however, the following message was posted by the operator on status.pkr.com.

“PKR Ltd and PKR Technologies Ltd have experienced recent financial difficulties and are in the process of taking professional advice.

“This process is ongoing and further updates will be posted to this website as and when they are available.”

PKR Withdrawals

Players with balances have every right to be alarmed since accounts are inaccessible. The operator posted another update over the weekend, which didn’t do much to ease the minds of its players.

“Further to earlier announcements, PKR limited and PKR Technologies Ltd have filed applications to Court for Administration orders, which will be heard in the week commencing 8th May 2017.

“Further information will be placed on this website following the hearings.

“This information will include contact details for players and creditors to address queries and details of the process.”

As a licensing condition in Alderney and the UK, PKR is required to hold player funds in an account separate from operational expenses, which it confirms is the case. With that said, the existence of such an account doesn’t guarantee a quick cashout – or a cashout period. The brand’s admins will determine the fate of your balances, so all we can do for now is wait.

We realize that you may have more questions, so please refer to the Microgaming Poker Network (MPN) PKR blog post for further information.

Sources:

‘Company Statement: PKR’, microgaming.co.uk, May 5, 2017

‘Company Statement: PKR Update’, microgaming.co.uk, May 5, 2017

“PKR.com’s May 3rd request to suspend all gameplay and cashier services”

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