Key Takeaways
- In order to “maximise realisations for the benefit of all creditors,” the administrators appointed to handle the failed online poker room PKR will first seek to sell the entire business and assets as a whole. Failing that, the player database and other assets may be sold off.
- “In the first instance, the Administrators will be actively seeking a buyer for the business and assets as a whole,” Taylor stated in a statement issued to PRO.
- “Alternatively we will seek a buyer for the player database and other assets. In accordance with their statutory duties to creditors, the Joint Administrators will seek to maximise realisations for the benefit of all creditors.”
In order to “maximise realisations for the benefit of all creditors,” the administrators appointed to handle the failed online poker room PKR will first seek to sell the entire business and assets as a whole. Failing that, the player database and other assets may be sold off.
