According to a recent report on their website, Chan Poker is closing it’s doors as of Aug 21, 2008.  It’s understandable that a smaller poker room like Chan just couldn’t hack it in the ultra-competitive industry.

The laws pertaining to online poker in the US make it next to impossible to compete against larger rooms who are just barreling through, and allowing US Players to deposit and play.

A room like Party was able to weather the storm while still pulling out of the US market, but you have to remember, they were the biggest, most popular online poker rooms before the US anti-gaming laws were passed.

Smaller rooms, though they are a part of larger networks, will inevitably fail in today’s market.  Even with celebrities like Johnny Chan endorsing them.

You just can’t compete with the big boys like Full Tilt and PokerStars

” We are actively seeking a partner to provide poker software and honor all Chan Poker player point balances for those that wish to continue playing online poker. We will keep you informed of developments on this front.”

Yea, I MIGHT want that job….

You can see the whole story here: Chan Poker Closing 

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