Full Tilt Poker's License Suspended as Buyout Looms; Party Poker Set to Become 2nd-Largest Site

According to PartyPokerRakeback.org, Alderney Gambling Control Commission (AGCC) has suspended Full Tilt's gaming license INDEFINITELY pending further investigation. Players have since been making the move to Party Poker, the world's #3 online poker site and one of the largest and most trusted gaming companies in the world.

Online PR News – 01-July-2011 – – On Wednesday, the Alderney Gaming Control Commission announced through a statement on their website that they had suspended the license of Full Tilt Poker due to the business "operating contrary to Alderney legislation, which came to light through an investigation by the commission that began shortly after Black Friday."

The executive director of the AGCC, Andre Wilsenach, said that "the decision to suspend the eGambling license was in the public interest and, because of the seriousness and urgency of the matter, it required that immediate action be taken ahead of the regulatory hearing." The hearing will take place on July 26th. According to the decision, Full Tilt Poker may not accept any new players, allow new deposits or withdrawals to take place or offer real money play on the site until the hearing takes place.

The story comes in wake of the L.A. Times reporting that the company may have also found a potential buyer from an investment group based out of Europe. It's unclear the stipulations behind the rumored deal, but it could mean that an estimated $150 million in frozen USA player funds could potentially be released back into players' bank accounts sooner rather than later.

the decision to suspend the eGambling license was in the public interest and because of the seriousness and urgency of the matter it required that immediate action be taken ahead of the regulatory hearing.

The fall of Full Tilt Poker since Black Friday has been shocking to many industry observers. The site was backed by countless respectable pros and has usually been seen as a good guy in the online poker world, as further evidenced by their number #2 traffic rank in the world. At PartyPokerRakeback.org, we are not associated with Full Tilt Poker but sympathize with the US and now non-US players that have been affected by the fallout from the events of Black Friday.

If you are a player displaced from Full Tilt or are one who is reevaluating the safety of the sites you currently play, we recommend having a look at one of the safest online poker sites in the world, Party Poker. Highlights of Party Poker's rock-solid reputation - which is featured on the Party Poker rakeback website - include:

• Publicly Traded on the London Stock Exchange
• EU licensed in Gibraltar
• Established in 2001
• Flagship site on the 2nd largest online poker network, Party Gaming

Not only is Party Poker one of the safest sites to play poker online, but the site offers some truly amazing benefits, returning much of the rake that players generate back to them from the following promotions:

• Up to 50% Party Poker VIP rewards (equivalent to 50% Rakeback!)
• 100% up to $500 Sign-Up Bonus
• $15,000 in monthly Rake Hand Races -- PPRB.org exclusive
• $5,000 Sit N Go Race -- PPRB.org exclusive
• Monthly Special Promotions
• Periodic Reload Bonuses

...and much, much more!!

Now more than ever, players need to be smart about where play online poker. Whether it's the site's long standing reputation as an EU-licensed, publicly traded room or the great perks you can receive when playing on the site, you should definitely give Party Poker a look when reevaluating your online poker options.

visit our website