David Taylor and Matthew Wild, partners at RSM, were appointed as joint administrators of PKR Ltd and PKR Technologies Ltd in May 2017. The companies operated PKR.com, an online poker site with around 60,000 active poker accounts with balances. The site serviced customers both in the UK and overseas.

Following a marketing exercise, the administrators report they have completed the sale of the player database to Amaya Group Ltd, operators of the PokerStars website, which is licensed and regulated by numerous regulators including the UK Gambling Commission.

Under the terms of the deal, subject to certain limits, conditions and regulatory requirements, players will be given the opportunity to get a credit equal to the balance held with PKR.com when the companies went into administration.

In order to receive the credit, players will either need to have an existing PokerStars account or open a new PokerStars account to which the credit can be made. Crediting the account remains entirely at the discretion of PokerStars and is restricted by certain conditions and regulatory requirements. If either the credit is incapable of being made or players do not take the necessary actions to obtain the credit, they will remain as unsecured creditors in the administration.

David Taylor, one of the joint administrators from RSM, said: ‘The collapse of PKR.com left many thousands of players out of pocket. The sale of the player database to PokerStars provides those players with an opportunity to access the credit they thought they had lost, and it also delivers the best possible outcome for other creditors.’