PKR in financial difficulties

Keith_MM

Keith_MM

Legend
Silver Level
Joined
Dec 13, 2013
Total posts
1,334
Awards
1
Chips
3
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.
 
Iryna Stryzheuskaya

Iryna Stryzheuskaya

Legend
Platinum Level
Joined
Feb 13, 2016
Total posts
2,803
Awards
10
BY
Chips
151
They could send a letter that they are closing. Unpleasant.
 
B

bartleby

Enthusiast
Silver Level
Joined
Apr 2, 2017
Total posts
69
Chips
0
I never played there but I am not surprised that the strategy to create poker room with very good graphics did not work out.
A room earns money by rake and therefore through players that produce a lot of rake, and these grinders are simply not interested in such a only-one-table-but-so-pretty:icon_flow poker room (actually I do not even know how much tables you could play there but I think only one, pls correct me if I am wrong)

I hope players did not or will not lose money, is there any information about that?
 
alienat3d

alienat3d

easy-going alien grinder
Silver Level
Joined
Jan 3, 2017
Total posts
2,954
Awards
14
Chips
50
What a bollox, really! That was one of my favorite poker room before! Was playing there since 2007! And it was really cool those days. There have been many nice freerolls, where you could building bankroll without deposit and learning playing poker. Have been giveaways sit&go, where you could training your skills of playing STT too. There have been rankings for regulars, where top 100 could have a money share. There have been also nice big monthly freerolls up to 5k$ in prize pool with less than 2000k players in it. Christmas crackers, freerolls where you could win iphones, tvs, laptops and so on and many other cool freebies to play at. That was great and i enjoyed it and thank to them built my bankroll from 0 to over 100$ to start playing SNGs on regular basis. People there been also very polite and nice to talk with. I had a wide friendship circle there. It felt nearly like you are playing CardsChat league or Home Games, if you know what i mean. ;) Also i can't forget about, that i have won on PKR the biggest poker prize in my life! No it wasn't money. It was my current wife. LOL, yeah. We met us playing together SNGs at PKR.
Everything was cool those times, we had a lot of fun. Playing in 3D was really cool too, more enjoyable, than normal poker room. But the problems started after.. like at 2014-2015 they started their global changes, brought up some stupid ideas about stack sizes and changed blinds structure too, so it became easier to play for the donks, cause it were more luck elements in a game, than skills. And it became worse for us, regs of course. They cutted off many freebies and stuff. Took away good MTTs with overlays too. Times became worse and people started leaving. Also many of my poker buddies left, with whom i really enjoyed to play.
at the end of 2015 about i was hardly playing there too anymore, but i thought i let like fifty bucks still laying there in case something interesting come in again. But nothing good was coming, only worse and worse with every year. At the end they even took out SNG 9MAX completely at all limits. (Which is my regular game actually.) So at 2016 i was playing only freerolls from time to time just for fun. But even then they made restrictions for the half of it. So that you wasn't able to play it until you have played at cash tables at previous day. Insanity pure.
Silly me, should have withdraw all of my money long before at 2015 yet, cause i had such ideas. Now i should wait and worrying about having my fifty bucks refund again. Oh Lord, why did you do that PKR after all those years i made rake for you. And such a disappointment at the end from one of my very first home poker rooms, with whom connected i have so many bright moments in my memory. Such a shame. :(
 
alienat3d

alienat3d

easy-going alien grinder
Silver Level
Joined
Jan 3, 2017
Total posts
2,954
Awards
14
Chips
50
I never played there but I am not surprised that the strategy to create poker room with very good graphics did not work out.
A room earns money by rake and therefore through players that produce a lot of rake, and these grinders are simply not interested in such a only-one-table-but-so-pretty:icon_flow poker room (actually I do not even know how much tables you could play there but I think only one, pls correct me if I am wrong)

I hope players did not or will not lose money, is there any information about that?

Well it wasn't like "only-one-table-but-so-pretty". You could play up to 9 tables there. And it was enough for me. You could even switch to 2D (pretty alike as normal poker rooms look, just the table itself was still 3D) if it was too much for your PC handle with 9 full 3D animated tables. Well i have to admit, that on PKR hands been running slightly slowly, than at poker stars for example, due the animation. But it was really fun. You could shaping faces and bodies of your character (pretty like as in "The Sims" game), wearing different clothes on em, piercing, tatoos, rings, earphones, hats and such stuff. You could even make them learn making many chip tricks at the table or buying some card holders or drinks and food or buy a drink for some of you buddy. Also there have been a lot of animated emotions, like cheering, yawning, dancing and many other. All that made poker itself much more funny, especially for beginners and recreational players. There been even an animation seen, when somebody looked at his hole cards, which been closed if you are not click on them to look at. Giving you a feeling of real life poker. I wouldn't underrate this ideas, it was totally unique and really cool. Therefore it's such a pity if they gonna close it. Then we loose the only real 3D online poker, which a big loose for the poker world. Honestly, i can't apprehend why this idea didn't worked on a long distance. Something went wrong with running & managing that room. Probably too few advertisements too. I don't know. But i disagree, that idea was not brilliant. It was.
 
Gorak

Gorak

Legend
Silver Level
Joined
Jun 7, 2009
Total posts
2,944
Chips
0
I think some of the biggest reasons PKR went downhill are:

1) NOT listening to their players needs.
2) Screwing with the VIP freerolls. (I was VIP silver having paid over $1000 in rake and they added challenges to get in the freerolls)
3) Greed; in the beginning the bonuses cleared at the rate of 150 pts for 1$ at the end it was 400 pts for 1$. Talk about inflation.
4) They attracted grinders by allowing fast 2D multi-tables. The fishes got crushed at lightning speed.

They had a unique and fun 3D platform but they took bad management decisions.

By the way I withdrew all of my money after they screwed with the freerolls and added the 2D tables. I knew they were in deep trouble at this point.

A lot of players were complaining on their own forum; but they kept ignoring them.

If you don't listen to your players then you are going to lose money in the end.

Other sites, no matter how big they are, should learn from PKR's mistakes.
 
theRaven68

theRaven68

Legend
Bronze Level
Joined
Nov 16, 2013
Total posts
2,336
Awards
2
Chips
1
I played there but i closed my account three years ago.
they had a unique software but they never worked enough to attract people to play there and absolutely they didnt listen to players needs
that was enough for a step on highway to hell
 
E

EvE2K

Guest
I played this poker room in past. I think it was about 5 years ago. In that time to be honest my computer was not so good for this 3D graphics. But later i try this on good pc, so it was really nice sound and cool beautiful picture.

If someone can tell me is it possible to download anywhere the music from this room? i remember it was a good sound in the lobby, very relaxing. If someone can tell me how to do that, really will appreciate it.
 
Keith_MM

Keith_MM

Legend
Silver Level
Joined
Dec 13, 2013
Total posts
1,334
Awards
1
Chips
3
latest status update

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.

PKR Ltd Company Number: 1541 Registered in Alderney
PKR Technologies Limited Company Number: 05272650 Registered in England and Wales

All enquiries relating to these companies should be addressed to the Joint Administrators.

Creditors and those with player accounts may contact the Administrators via email to pkr.restructuring@rsmuk.com.

The Joint Administrators and their staff will endeavour 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.

Further updates will be posted to this website in due course as and when available.

David Ronald Taylor is licensed to act as an Insolvency Practitioner in the UK by the Institute of Chartered Accountants in England and Wales
Matthew Wild is licensed to act as an Insolvency Practitioner 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 affairs, business and property of the company are being managed by the Joint Administrators who act as agents of the company and without personal liability
 
theRaven68

theRaven68

Legend
Bronze Level
Joined
Nov 16, 2013
Total posts
2,336
Awards
2
Chips
1
i think that they wont be back in any form
 
wlad20082009

wlad20082009

Legend
Loyaler
Joined
Apr 19, 2015
Total posts
3,170
Awards
10
RU
Chips
160
I left a bit of money .
pic1.jpg
 
J

Johnny Aces

Rock Star
Silver Level
Joined
Sep 7, 2014
Total posts
122
Awards
1
US
Chips
0
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.
Do you have any updates. I am still waiting to hear from them about my money and accounts. Its a lot of money I am owed. Please help
 
Top