After more than 16 years, Microgaming Poker Network (MPN) is ceasing its online poker operations. Managing director Alex Scott confirmed the news in a recent blog post saying the network could end its online poker service within six months. Scott also discussed the closure in a Twitter thread which had attracted more than 20,000 views on the day it was published.
Speculation that MPN is heading for closure surfaced last week after a member of Two Plus Two forum posted a copy of an email they received from one poker room also operating under the MPN network.
Decision Will Hit Dozens of Online Poker Brands
The email coming from One Time Poker which is a member of the MPN said they were told by MPN that the company intended to terminate its online poker operations, and as a result, all of the poker rooms running as part of the network will now need to find a new home if they wish to continue with their online poker offerings. When the rumors came out, the management had yet to issue an official statement.
Several major brands have been operating via MPN, including betsafe, Grosvenor Poker, CoolBet, paf, Betsson, NordicBet, 32 Red and Olybet. They, along with several other poker sites under the MPN network will be affected by the closure. Earlier this year, RedKings Poker left the network following a decision to cease trading after 13 long years. Back in 2014, Unibet also decided to let go of MPN to operate on its own standalone platform.
Reason For Closure
After holding a meeting with the operators affected, MPN released an official statement, revealing the reason behind the decision. Microgaming CEO John Coleman said they have decided to terminate their online poker operations as the network model no longer falls in line with their strategic vision for the game.
Scott also issued a similar message to the MPN community, saying making such a decision was not easy, but after a careful review of the company’s product portfolio, with input from independent consultants and poker industry and gaming experts, they felt they had to go for a new and entirely different business model and strategy, and the poker network would no longer be part of that new vision.
Going forward, the company will redistribute key resources and staff across the business. Coleman provided an assurance that they will not entirely abandon the game of poker. The closure will enable the company to look for better ways of providing world-class entertainment and gaming content for its customers, as it stays on track for its new strategic goal. Coleman said more details on Microgaming’s future plans will be released soon.
MPN To Provide Full Service in Run Up to Closure
As of now, MPN will still be fully accessible to players. They can still play online tournaments and cash games and take advantage of promotions, until the network finally closes next year. Those who still have money left in MPN poker rooms don’t need to worry as they can still proceed with playing. Scott said they will assist the poker rooms in looking for a new poker software supplier for smooth migration.
Scott also wrote a FAQ section in his blog post where he answered the most common questions in relation to MPN’s closure which could take effect in the second or third quarter of 2020. Players can decide whether or not to withdraw their money, and Scott assured everyone that poker rooms have been required to separate its operating expenses from player funds. Thus, the closure of the network will not directly affect the players’ money. MPN will launch a wide range of promotions and will provide full service in the run up to the closure.
The MPN Poker Tour will also push through in October, as planned. So those who already won a free ticket to the Malta event can still take part. The company will also get in touch with those who won an MPN Poker Tour package, and will consolidate with them in a fair and transparent manner. Scott said package winners don’t have to be concerned as all packages will be honored in full.
As with the Universal Championship of Poker, Scott said the series will resume as advertised with the same guarantees, but everyone should expect overlays.