PKR.com went down just around two months ago and that news shocked everyone due to the room being one of the core ones at the network. A ton of players were affected and lost their funds. However, PokerStars decided it's going to take a step of refunding players from a rival poker site without reviving the brand.
PKR went down on May 3 after it became clear that the online poker site is facing severe financial problems. PKR’s players were unable to access the website or withdraw their account balances at this point already and all that was there was a brief statement on the PKR website informed players that PKR Limited and PKR Technologies had filed applications to the Court for Administration orders.
Part of a press release from Eric Hollreiser, the Amaya Vice President Corporate Communications, says:
“We will begin contacting the approximately 60,000 affected PKR players today to encourage them to follow emailed instructions that will walk them through a relatively simple process that will result in their PKR funds becoming available in a PokerStars account. We’ve developed a system with the Administrator to ensure that players are credited correctly, but please be patient if your account needs to be manually credited by our customer support team. If you believe that you held funds on PKR then check your email for further instructions.
For the majority of PKR players that have an existing PokerStars account, it should take just a few clicks from receiving our email to seeing their PKR funds appear in their PokerStars account. There will be some further steps for the minority that need to open a new PokerStars account, but our aim and intention is to make funds available for withdrawal as quickly as possible. There will be no further obligation or play-through required. There are no strings attached.”