PokerAce, which was launched just ten months back, is going to shut down on June 5, Wednesday. The online poker room will transfer its player accounts, including real money and points, to Dafa Poker, an online poker room on the iPoker online poker network.
PokerAce, which is based in the Philippines, was commonly referred to as “The Asian Online Poker Room” in the poker gaming community. Although its focus was on Asian poker players, it accepted poker players from all over the world except countries such as the US, Hong Kong, Australia, New Zealand, Netherlands, Israel, Antigua and Barbuda, France, Cyprus, Estonia, Antilles, Spain, and Italy.
Launched late in August last year, the online poker room was powered by proprietary software and featured professional poker players such as J. C. Tran, Joe Hachem, Nam Lee, and Steve Gee. While Nam Lee is widely acclaimed for his poker tournament achievements, Steve Gee had emerged as the finalist of the WSOP 2012 Main Event.
Since the focus of the online poker room was on catering to the needs of Asian poker players, it allowed players to play in Chinese Renminbi and US Dollars. Speaking about the online poker room’s mission, a spokesperson said: “Our mission is to be an ambassador for the development of poker in Asia.”
One of the most unusual features of PokerAce’s proprietary software was that players could play poker without downloading any software. Exclusively an instant-play online poker room, PokerAce enabled its players to play as many as four tables at a time. At the time of launch, it also announced plans to raise this number for online poker tournaments.
PokerAce operated on a license granted by First Cagayan Corporation, the regulatory body for Philippines’ Cagayan Economic Zone Authority.
PokerAce players will soon find themselves at Dafa Poker, an online poker room based in the Philippines. Players can withdraw amounts over $500 from their PokerAce accounts before Wednesday. Once their accounts are transferred to Dafa Poker, players will have to download the Dafa Poker software, after which they can withdraw their entire poker balance.
The Frequently Asked Questions (FAQ) section at PokerAce says: “We have decided to focus on a different business model for our online poker offering. We will be migrating to a new product in the coming months.”
According to PokerScout, PokerAce has hardly had any player traffic ever since its launch, and as such, it was not doing well.