Johnny Chan’s Online Poker Service "Chan Poker" Shuts Down
07/09/08 22:08 Filed in: Poker News
ChanPoker, the passion project of poker professional, Johnny Chan has recently cut its losses and shut down service. Although management is still trying to locate a new platform for ChanPoker, last week saw an official blog posting announce the imminent closure of the website.
Last Thursday, August 21st saw the well-known poker platform finally close down after a final August 19th, $50 daily freeroll. Johnny Chan, ten-time World Series of Poker bracelet winner launched the provider in the summer of 2006 with a popular WSOP booth and endorsement through the Ongame Network but hit trouble only months after opening from the passing of the American UIGEA. The legislature immediately stopped US players from gaining access to the site and cut down traffic significantly, a hit that ChanPoker was never able to fully recover from. With a business market that was drastically changing in the light of the UIGEA, Chan and his company tried their best to bypass the obstacle and succeed in the competitive industry but now, roughly two years after starting, financial difficulties and unstable traffic have forced the decision of closure.
The site promised to honour all outstanding withdrawals and will also attempt to transfer player points in the event of starting up a new ChanPoker service. Although the closure of ChanPoker comes as a substantial setback for the namesake player, the company’s commitment toward a return to business should be heartening for fans of the site.
Last Thursday, August 21st saw the well-known poker platform finally close down after a final August 19th, $50 daily freeroll. Johnny Chan, ten-time World Series of Poker bracelet winner launched the provider in the summer of 2006 with a popular WSOP booth and endorsement through the Ongame Network but hit trouble only months after opening from the passing of the American UIGEA. The legislature immediately stopped US players from gaining access to the site and cut down traffic significantly, a hit that ChanPoker was never able to fully recover from. With a business market that was drastically changing in the light of the UIGEA, Chan and his company tried their best to bypass the obstacle and succeed in the competitive industry but now, roughly two years after starting, financial difficulties and unstable traffic have forced the decision of closure.
The site promised to honour all outstanding withdrawals and will also attempt to transfer player points in the event of starting up a new ChanPoker service. Although the closure of ChanPoker comes as a substantial setback for the namesake player, the company’s commitment toward a return to business should be heartening for fans of the site.
