In a document sent to partners of the site, PokerAce announced:
“We would like to inform that PokerAce will discontinue operation by Wednesday June 5th 2013 at 12:00 PM GMT+8 PokerAce”
All current accounts and player balances will be transferred to Dafapoker, another Asian skin, with all balances being delcared as “safe and will automatically be transferred to Dafapoker from Wednesday June 5th 2013 at 6:00pm GMT+8.”
The announcement of closure comes as some surprise due to original claims of solid financial backing from a consortium of some of Asia’s top casinos. The document did allude to the notion that PokerAce may have a future in social gaming.
PokerAce said: “Now, working with a new software provider we have decided to reposition the business model for PokerAce. This will mean we will no longer offer real money gaming.”
An announcement addressing the players is to be followed on the PokerAce website shortly.