The Microgaming Poker Network (MPN) will close next year, while the exact date of its closure is yet to be revealed by the renowned gaming company.
Speaking about the reasons behind this move, Microgaming explained it had reached such a decision after a thorough review of its poker portfolio and its long-term strategy.
Since its inception back in 2003, MPN has become one of the leading poker and online poker platform, attracting poker aficionados from all over the world.
Closing the Business Next Year
In a blog post on MPN website, Alex Scott, Managing Director – Poker at Microgaming, said the closure is expected to take place sometime in Q2 or Q3 next year.
Scott said their poker product portfolio was carefully reviewed, with experts concluding that a completely different strategy was and business model needed to be adopted for poker to be more successful. At this moment, the poker network simply wasn’t part of the company’s vision.
He pointed out the network will continue with its business as usual until the exact date of the shutdown is revealed. This means all scheduled online tournaments, live events, cash games and promotions will take place as planned.
The announcement will not interfere with the ongoing Universal Championship of Poker, while MPN Poker Tour will still take place in Malta in October.
Securing a Smooth Transition
Scott pointed out player didn’t need to be concerned about their funds, as all existing MPN rooms wold find a new poker supplier in the coming period.
Microgaming announced it planned to make the migration as simple as possible.
Scott also stated the players were free to withdraw their funds if they wanted, and pointed out each of their rooms was required to segregate players’ funds from its operating costs.
Commenting on the decision to close the MPN, John Coleman, Chief Executive Officer at Microgaming, said the network model no longer fitted with their strategic vision for poker to announce the closure as they focused on redistributing key resources and personnel across the business.
Coleman stated this wasn’t the end for poker at Microgaming, which was driven to create the most enjoyable entertainment experiences, leading the way with world-class gaming content, as the move would help the business to achieve that vision as the company followed a new strategic direction for the vertical.
He added the details would be revealed in due course.