The announcement on the closure of Microgaming Network MPN came as a shock to the poker scene. MPN has been in existence for 16 years and has been one of the leading players that shaped the poker industry today.
The announcement came last month through a press release, and it stated: “The network models no longer fit with our strategic vision for poker, and this is the right time to announce the closure as we focus on redistributing key resources and personnel across the business.”
Even though there is no fixed date on when the closure of Microgaming’s MPN will take effect, it has been confirmed that it may be in the second of the third quarter of 2020. The closure of MPN leaves lots of poker skins to look for a new home, or even closing their operations as well.
Alex Scott, the managing director of MPN Poker, said that he has examined how poker will be in line with the company’s new plans and how it may not fit. To assure all MPN’s customers worldwide, Scott stated: “All of us in the Microgaming poker team is committed to seeing this out with dignity. More than that – we want the poker community to have fond memories of the network we have invested so much of our time and energy in.”
It is a good thing to see how the company is taking out strategic steps to take care of this situation. And the days where poker industries take away players’ monies are long gone.
It is essential to know that Microgaming has never been in competition and a threat to other poker companies such as PartyPoker and PokerStars, but it held a niche of its own. Nevertheless, the reputable company did struggle to keep up with the levels of traffic it had in the past.
So What’s Next?
The closure of MPN will see some of its customers move to other famous players, such as PartyPoker. It is an opportunity for Partypoker to regain some of the shares in the market they once lost after the inception of UIGEA in 2006.
It is essential to know that the closure of MPN will make it difficult for many skins, and this may leave signs of uncertainty on the poker market.
If this will come to pass, the poker industry is in for more surprises in the future. MPN has told its clients that their funds are secured, and there is no cause for alarm, as there will be some sorting out of their strategies.
Nevertheless, time will tell on the things to come in the industry and if there are other websites still struggling to keep up.