Fledgling Asian-facing online poker site PokerAce, the online poker home of Australian Poker Hall of Fame Legend Joe Hachem, has just released a statement that it is ceasing operations as of Wednesday, June 5 at noon GMT+8. The statement reads in part (full version available at pokerace.com):
“On Wednesday June 5, 2013 at noon GMT+8, PokerAce – The Asian Online Poker Room, will stop accepting players and offering real and fun money games. We have made arrangements with Dafapoker one of Asia’s top online poker rooms where you will be able to continue to play using your current account details and player balances.
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.
Until our platform closes and all accounts are migrated to Dafapoker, players can login and play on PokerAce as normal. Only withdrawals for accounts holding balances over $500 will be processed normally and within standard handling time.
You have the right to object to the transfer of your account and player data to Dafapoker by simply sending an email to email@example.com before Wednesday, June 5, 2013 noon GMT+8. If we do not receive an email from you, your personal details, player data and account balances will be automatically transferred to Dafapoker.
We would like to thank players and partners who have supported us since the beginning of our journey. We are sad to discontinue and understand the inconvenience it may cause for which we sincerely apologies. Much thought has gone into this decision and we know that teaming up with Dafapoker is very much the right decision for our players.”
PokerAce launched in a blaze of publicity just over 12 months ago as the new online home of Australia’s WSOP champion Joe Hachem. Several other big name pros also lent their name to the site including JC Tran, Nam Le and Steve Gee.