German gambling operator mybet Holdings SE will close their online poker room on June 30. The iPoker skin has not made the cut as mybet prepares to launch a new platform.

Another online poker room bites the dust as the German gaming outfit mybet Holding SE issued a press release stating their online poker room would be closing for business.

The iPoker skin plans to shut the cyber doors on June 30. Mybet players have received correspondence explaining that their account balances will be shifted to an online casino/sportsbetting wallet. They have until July 15 to transfer player points into cash.

The reason for the sale is as sensible as it is logical. It doesn’t earn enough revenue to justify the cost of operations. Mybet CEO, Zeno Osskó, told the press that in 2015, the online poker room was responsible for €1m of the €63m annual total revenue earned by the company, an amount he called a ‘minor share’ that ‘delivered virtually no contribution’ to the bottom line.