CASSAVA CASINOS AWARDED eCOGRA SEALS

[Casinomeister]

PRESS RELEASE

For immediate release 27 May 2004

CASSAVA CASINOS AWARDED eCOGRA SEALS

Third list of Seal awards contains leading Cassava online casinos.

Operations from one of the biggest and most marketed casino groups on the Internet, Cassava feature in the latest announcement of Seal awards by eCOGRA (eCommerce and Online Gaming Regulation and Assurance).

In the third Seal awards announcement this year from eCOGRA, the following Cassava casinos join 41 other successful Seal operations:

Casino On Net (www.888.com)
Reef Club Casino (www.reefclubcasino.com)

"We're delighted to welcome these new Seal bearers that have passed the rigorous third party inspection process carried out by PricewaterhouseCoopers. Cassava presented a significant challenge for the audit process due to its size and the Compliance Committee was particularly pleased with the way in which the assessment was conducted, and the response of the organisation to putting in place the necessary controls and procedures required by eCOGRA’s eGAP," says Andrew Beveridge, CEO of eCOGRA. "The initiative is gathering momentum at a gratifying rate and we are currently in discussions with a number of providers and the casinos using their software. Other casinos are currently undergoing the inspection process and I am confident that we will soon be seeing a diversity of operations powered by different software providers on our Seal list."

Beveridge emphasised that any software provider committed to the ideals of the organisation and meeting its probity and other requirements was more than welcome to apply for membership. The goal of the initiative is to guide players to safe, fair and efficient casinos operating to carefully developed and fully enforced regulatory standards.

eCOGRA is an independent, strongly funded, non-profit organisation that has evolved a set of practical operating regulations to ensure fair gaming, player protection and efficiency. Called the eGAP or Generally Accepted Practices, the regulations embrace some 15 areas of casino operations. Before being awarded the eCOGRA Seal members must undergo stringent inspections by third party professional bodies, and operations are subsequently monitored to ensure ongoing compliance. eCOGRA has an online complaints facility for any player with a legitimate grievance against any member casino.

Issued by: Andrew Beveridge, CEO
Date: 27 May 2004
Website: www.ecogra.org
Telephone: +44 20 7887 1480
Email: mailto: pr@ecogra.org

[dominique]

I especially like the email address on the bottom.

[bethug]

If PricewaterhouseCoopers is doing the testing , that dont mean anything. They just got sued and lost.

We need truegambler to keep doing his thing to expose some of these casinos.

Well casino on net is a good casino beside there long payouts

[jpm]

Actually, PWC settled and did not admit any wrong doing. That's a BIG difference from getting sued and losing!

[sw2003]

There might be a big difference legally. In terms of public opinion, why
would they pay somebody if they are faultless!

[rowmare]

Originally Posted by bethug

If PricewaterhouseCoopers is doing the testing , that dont mean anything. They just got sued and lost.

Settling out of court is in no way an admission of guilt. With very large companies, it is often more economical to just settle things.

[rowmare]

Originally Posted by sw2003

There might be a big difference legally. In terms of public opinion, why
would they pay somebody if they are faultless!

To save many more millions of dollars in legal costs than settling would cost. It is very common that a very large company will settle out of court, whether guilty or not, just to save time and money.

Also, a long and drawn-out legal battle does more to shred a company's reputation - even when innocent (you know how the press is), than a settlement.

Don't you people read John Grisham?

[jetset]

"If PricewaterhouseCoopers is doing the testing , that dont mean anything. They just got sued and lost."

I have a real problem with this sort of groundless, all-condemning statement Bethug, particularly when it is used to denigrate an honest attempt at regulation to which you seem to be personally opposed in favour of the OCA system. That is apparently your purpose here, I believe - joining Caruso in making negative posts on every occasion that a positive eCOGRA story is aired.

And this is a positive story, with the industry's largest, arguably best reputed and most successful casino group, led by a highly respected businessman submitting itself to regulation and giving the lie to earlier accusations that eCOGRA was an exclusive MGS club (btw you guys should read Ralph King's story on John Anderson as an indication of his client commitment)

We currently have insufficient detail on this USA litigation on which to make valid statements connecting it with or using it to make off-the-cuff pronouncements upon the global integrity of Pricewaterhouse Coopers diversity of international business services, and that includes the TGTR test and monitoring system which is probably but a small part of a very large range of activities in both developed and developing countries.

Settling on litigation is widely practised in business for economic, business, ethical and professional reasons, and as JPM points out it does not constitute an admission of guilt. It may not resonate favourably in terms of public opinion, but imv it does not condemn every facet of PwC operations, everywhere or justify the sort of comment made here.

This may not suit everyone's agenda, but it may be wiser to hold until the content of the wrongdoing is made public, which is sure to follow such a large case against PwC's audit client, Raytheon in the USA which is the main party being sued by shareholders from what I can see above.

In the meantime, I hope that Truegambler does continue doing his thing as Bethug promotes.... but perhaps with a more professional and structured approach prepared to stand behind results from which all involved can benefit.

[bethug]

Jetset, Point blank we need a neutral party, not a party made by the software company to regulate. Be real, now. Also micro got there big bank roll from having a crooked game in the past. Let micro show all there player logs prior too 2003. No matter what you say, they got paid thru micro, alot of companies say there non profit , dont men nothing

Define professional, cause most people i know that say there professional steal. Most people that got money steals, so please define professional. Truegamblers and put all these casinos on check.

Jetset can pricewater test the casino out any time? Also would PWC let us know if they game is fixed? hell no

[caruso]

...joining Caruso in making negative posts...

LOL. People are entitled to "Join me" if they agree with me. They are equally entitled to "join Jet" if they agree with you.

"Hitler was an evil sonofabitch"

Is that a not a "negative" statement? Do you agree that, negativity aside, it may be somewhat valid?

LOL. Long Live Justifiable Negativity.

It doesn't matter how much of this stuff you boys churn out, it doesn't change the facts; and since you made a perfectly reasonable post in another thread about NOT being a casino yes-man (or words to that effect) you should realize that the problems will not go away and need to be addressed if you want any credibility for your organization.

As far as we know:

There is no data.

There is no process.

Additionally, what we DO know:

The funding for the "verification" is supplied by those SAME people being verified!

EVERY, and I mean EVERY, intelligent, non casino-affiliated poster (Rowmare is an affiliate and therefore compromised) has dismissed the claim to "verify" the software as meaningless. EVERY single one. Not just me. You can dismiss me - one person - if you want, but you cannot dismiss EVERYBODY. If EVERYBODY sees the problem, problem there is.

Those are the facts. There is no evidence of ANYTHING beyond that which you and Bryan tell us. This is quite utterly inadequate. It matters not one jot how many glowing reports you folk issue, it changes nothing.

And yes, the fact that those virgin divinties at PWC have decided to cough up $50,000,000 to avoid going to court on corruption charges is ***cough*** unfortunate timing, to say the least.