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eCOGRA announces new ownership

Poker News Mar 30, 2011, Last Updated: Mar 30, 2011 No comments
eCORGA

eCORGA

The eCommerce and Online Gaming Regulation and Assurance (eCOGRA) announced new ownership on Monday – the non-profit organization was bought out by its management in order to remove any inferred influence from the gaming companies that founded it.

eCOGRA is an independent body that works towards promoting fair and responsible gambling. These requirements are enforced through onsite reviews and continuous monitoring. Since 2003, eCOGRA certification has become synonymous with the highest industry levels of fair and responsible gaming, professional conduct and superior operating standards. Currently eCOGRA are working on an ongoing basis with over 25 leading software providers and almost 70 leading online gaming operators. 13 Software providers have achieved accreditation for their software in the form of the eCOGRA Certified Software seal. 145 online gaming sites are accredited with the eCOGRA Safe and Fair seal. Accreditation remains open to all software companies, operators and their affiliate programs.

The organization, based in London, was founded by gaming firms Microgaming Software Systems Ltd. and Virtual Holdings Ltd. (which later became 888 Holdings). The management buyout, led by Chief Executive Andrew Beveridge, has received he backing of these founder members who have always ran eCOGRA as an entity independent from online gaming operators as it has been controlled by four directors with no ties to any operators.

“We are very fortunate that these highly experienced and respected figures in the industry will continue to make their considerable knowledge and business expertise available to us,” said Beveridge in a press release. “We will continue to offer unbiased player dispute mediation through our Fair Gaming Advocate and our TGTR outcomes-based software monitoring system is proving increasingly popular with non-accredited entities and will, if anything, be expanded.”

The organization’s “policy of independently assessing operators for the award of the Safe and Fair seal, and subsequent review and monitoring activity” will remain the same, while “the provision of professional business services and advisory consulting remains a key element in our commercial offering and will become an increasingly important part of the services offered.”

eCOGRA’s Safe and Fair Seal of Approval has become one of the most coveted labels in the online gaming industry. Online operators must display high integrity, share eCOGRA’s vision of fair and responsible gaming, comply with eCOGRA’s General Accepted Practices and be approved  by eCOGRA’s Seals Compliance Committee. To receive the seal, an operator’s software providersmust also be approved by eCOGRA.

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