Shock as famous site files for administration amid ‘financial difficulties’

  • 3D poker website appeared to go offline Wednesday night (May 3)
  • Site files for administration after admitting it was in financial trouble
  • News for players worried about their deposits

There has been shock today at the news that, the online poker site which pioneered 3D poker, has filed for administration.

The site, which also operated an online casino, has been down since May 3. A full statement on its site currently reads: “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.”

Microgaming steps in to update players

Today (May 5), Microgaming the major game developer which both supplies the site with its online casino games and incorporates into its Microgaming Poker Network (MPN), also confirmed the administration news.

The Microgaming Poker Network (MPN) has provided a blog post to address concerns of players, including about deposits.

The MPN blog states: “PKR has repeatedly assured us that player funds are held in a segregated client account, for the express purpose of storing such funds, in accordance with their licence obligations in the United Kingdom and Alderney. We believe this to be true.

“Microgaming does not hold any player funds whatsoever. Player funds are held only by PKR and it is now the duty of PKR’s administrator to return the funds to players.

“It is important to note that simply maintaining a segregated bank account for player funds does not automatically mean that player funds will be returned immediately or at all. PKR’s administrator will ultimately decide how to return money to players.”

The blog added: “Microgaming had no financial stake in PKR and did not operate any part of the business. Microgaming was one of a number of different suppliers that PKR used.”

The social media team put out this tweet on Wednesday:

Major concerns for players does not appear to have communicated any other details, which has left some players fearing for their deposits.

The social media team had received a number of tweets from people concerned about the development, but was not able to provide any more information about the outage.

Perhaps not surprisingly today, (May 5) the Twitter page appeared to be no longer active.

‘Radical change’ was afoot at is a UK-based site, based on the island of Alderney, and is famous for allowing players to play poker in a virtual reality setting. The hook is that it uses animations on players during play, which can incorporate character traits, tics, tells and other body language to add to the feeling of a more realistic game.

The site launched in 2006. It reputedly had five million users in 2012, and in December in launched a virtual sports betting platform to players, which followed hot on the heels of a live casino in August 2016.

Its CEO, Chris Welch, had told media last year the changes were part of a ‘radical’ overhaul of the site’s offering.

Casinopedia will bring you more news as we have it.

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