Online betting giant Microgaming announced that they'll be shutting down the Microgaming Poker Network in 2020, closing down one of the oldest poker networks on the market.
The poker room was launched in 2004 and has served countless gamblers across multiple markets. The decision to close the room comes after an internal review of the company's strategy revealed that the product wasn't in line with what they want to focus on moving forward. Details on the closure of the platform aren't available yet, but for the time being the network is expected to operate as normal.
Microgaming's CEO John Coleman spoke about the decision, noting: "The network model no longer fits with our strategic vision for poker, and this is the right time to announce the closure as we focus on redistributing key resources and personnel across the business.
"While the network will be closing, this is not the end for poker at Microgaming, which is driven to create the most enjoyable entertainment experiences, leading the way with world-class gaming content.
"Ultimately, this move will help the business to achieve that vision as we follow a new strategic direction for the vertical, details of which will be revealed in due course."
Further details will be given in the coming months.
Comments
Well, that looks like a big decision from Microgaming...apparently the global drop in revenues regarding to poker pretty much helped them deciding to shut down their poker room.
oh wow i always like to play at this network...but the traffic was always pretty low
there...still a pity
sharpe
This is another sign of the long slow decline of online poker. They probably simply don't have the player numbers to make running their own network viable. It sounds like they are going to try to partner with some other network in future.
2 sharpe, vomvom12
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that is true Ed
i remember the last time i played at the microgaming poker network
2 years ago the traffic was so low at the peak time that I wondered
how it can even exist profitable !
try to partner with some other network in future...?
but with which one...the only one that has a traffic which is
worth mentioning is the ipoker network and they have their
own software...
sharpe
The question is: what replaces online poker? Will something else become more popular in the near future to fill that niche?
sharpe
i don't think that there will be something that replaces online poker
in the near future...in asia online poker is booming right now and the
idnpoker network is the largest in the world...the network cannot compete
with pokerstars‘ traffic...but I think that's just a matter of time
sharpe
I don't play pokers, but think that this is a pretty shocking news, because the Microgaming was really a pioneer in online gambling. I think that they can sell their poker business to other companies(?)