Microgaming Poker Network announces 2020 closure
MPN’s network model no longer fits the company’s strategic vision: John Coleman, Microgaming CEO
On the 20th of September, leading provider to the online gaming industry, Microgaming, via a press release announced its intention to shut down the Microgaming Poker Network (MPN), one of the world’s oldest online poker networks.
The press release did not stipulate any specific closure date. However according to expectations, MPN would likely deal its final hand sometime during Q2 / Q3 of 2020. The decision and subsequent announcement by Microgaming officials came upon unfavorable conclusions reached by the software provider. This came after an intensive evaluation of the operational strategies and business portfolio. That evaluation determined that the MPN network structure lost viability in the current market.
John Coleman, Microgaming CEO, stated that the MPN’s network model no longer fitted the company’s strategic vision for their poker product. Current focus places an emphasis on effectively redistributing existing key resources and personnel into other avenues across the business.
He also revealed that despite the network closing, it would not mark the end of poker for Microgaming, a company focused on creating the most enjoyable player experiences that pioneered the way to deliver world leading gaming content. Ultimately, these actions would assist in achieving their vision as they follow a new strategic direction for its future poker product, details of which the company will reveal at a more opportune time.
With its uncertain pending closure date still several months in the future the Isle of Man based games creator assured patrons of the safety of all MPN client funds as well as the company’s commitment to keep all games active until the very end.
With its inception date set 16 years in the past, the MPN remains one of the longest serving online poker networks. Microgaming launched Prima poker as the precursor to the MPN in March 2003, and by 2007 MPN distinguished itself by overtaking iPoker to establish itself as one of the world’s top five largest .com poker rooms online.
Over the past decade and a half, the Microgaming Poker Network evolved and garnered an increasing membership total. Currently, it provides members access to 16 online poker rooms with betting partners such as Betsafe, Betsson, and 32Red.
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Alex Scott, Microgaming Poker Network managing Director, said via the MPN blog his team remains committed to serve and complete their task with dignity. All gaming activities will continue as usual until the final closure of the network next year. The company decided against shutting everything down with immediate effect simply because it wished to remain fair to its customers.
He also extended an assurance to players committing that their money remains completely safe. Specifically, all deposited monies being segregated from operational funds leaving no reason to suspect any financial risk. His message added all current MPN poker rooms have committed to finding new software providers. This,
implication, suggests players who decide to leave funds in their poker accounts may perhaps be able to keep playing even after MPN shuts down.
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