Microgaming-Owned Poker Site PKR Files for Bankruptcy
Having seen its subsidiary poker site PKR get suspended due to financial difficulties, one of world’s leading online casino software providers Microgaming has been eagerly anticipating further development.
PKR players were first unable to access their accounts for several days before it was announced that site is suspended following a request from PKR company itself. Long eleven years after PKR online poker site took the market by storm, the fairytale reached its end.
Bad news got broken this week however as the management of the financially struggling online poker room made a public announcement to inform the market that it has appointed administrators as the company officially files for bankruptcy.
In a website update PKR explains that David R Taylor and Matthew RM Wild of RSM Restructuring Advisory LLP have been appointed as joint PKR Technologies administrators following a review of the company’s financial arrangements.
Both David Ronald Taylor and Matthew RM Wild are licensed to act as Insolvency Practitioners in the UK by the Institute of Chartered Accountants in England and Wales. Insolvency Practitioners are bound by the Insolvency Code of Ethics when carrying out all professional work relating to an insolvency appointment.
The Joint Administrators of PKR act as agents of the company and without personal liability Taylor and Wild will manage entire business and property of the company.
PKR instructs creditors and those with player accounts to contact the Administrators for all enquiries.
“The Joint Administrators and their staff will endeavor to reply to all queries as soon as reasonably practicable however, due to the anticipated high volume of emails, responses may be subject to some delay.”, the website statement reads.
The company explains that further updates will be posted on website in due course and when available.