PKR CEO Steps Down

PKR CEO Steps Down

Monday, 31 August 2015

The Chief Executive Officer (CEO) for PKR, Neil Alexander, has stepped down from his position after just two months.

Brought in to take over from former Chief Operating Officer (COO) Leon Walters and tasked with reviving the company's falling fortunes, Alexander had looked as though he was keen on implementing a wave of innovations to help the site regain its footing in the market.

However, according to the latest stats as outlined by PokerScout, PKR's recent cash game peak was just 422 players. Although the average number of players online is closer 2,000, that overall figure means that PKR is ranked only just above sites such as WSOP New Jersey.

One of the main things working against PKR at the moment is the tough economic conditions facing all iGaming operators. Things such as the UK's new point of consumption tax and the segregation of European markets have served to hurt the operator's fortunes in recent months.

Moreover, a reluctance to introduce modern gaming options such as lottery-style sit-and-gos (although these have recently been introduced) and fast-fold poker have also caused players to find new outlets.

These problems appear to have been enough to push Alexander to the rail. Brought in to take control of PKR is Chris Welch. The former director of will take up the position of CEO with immediate effect in hopes of turning around PKR's fortunes.

Tags: PKR, Neil Alexander, Chris Welch, Leon Walters,, WSOP New Jersey