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PR: MAJOR POKER COMPANY JOINS eCOGRA

Discussion in 'Casino Industry Discussion' started by Casinomeister, May 31, 2005.

    May 31, 2005
  1. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

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    PRESS RELEASE

    For immediate release 31 May 2005

    MAJOR POKER COMPANY JOINS eCOGRA

    Way now open for international self-regulation of online poker

    The important turnkey online poker provider Ongame has successfully completed rigorous acceptance inspections for membership of the international regulator eCommerce and Online Gaming Regulation and Assurance (eCOGRA).

    The announcement today has significant implications for the first ever self-imposed regulation of the booming online poker industry. Ongame powers PokerNetwork which hosts many poker operators including PokerRoom.com servicing some 4 million and rising online poker players, and the successful accreditation of the software opens the way for these companies to apply for the eCOGRA seal, conditional on meeting the standards required.

    The Swedish provider now joins a global regulatory framework within which 55 top online casinos powered by leading companies Microgaming and Casino on Net operate, handling well over fifty percent of the online casino gambling market.

    eCOGRA CEO Andrew Beveridge says the successful Ongame membership is an important milestone for both the poker industry and his organisation. This is the first application of independent regulations to elements within the online poker industry, he said Ongame is a welcome addition to eCOGRA. Our compliance committee were extremely impressed with their professional approach to corporate governance and responsible gaming. From the outset they have put the player first, and an example of this is that they were the first online gaming operation to achieve G4 responsible gaming accreditation, he said.

    For eCOGRA it is the realisation of months of in-depth research and professional advice in framing ground-breaking rules or eGAPs as we call them, for online poker sites, he continued. We are confident that other high profile poker networks will submit their sites to our independent inspectors and achieve the eCOGRA seal.

    The eCOGRA initiative is open to all and provides practical player protection through a carefully developed set of regulations that are applied through third party international professional services organisations to member casinos and poker rooms.

    Detailed inspection and ongoing monitoring to ensure continuous compliance with the regulations are key to the success of the initiative, and extensive financial and management probity checks are carried out as part of the acceptance process.

    Online gambling operations that successfully pass the inspection are identified by the eCOGRA Play It Safe seal, awarded by three independent directors on the eCOGRA Board who control the organisations operational activities.

    The eGAP regulations cut across political and geographic barriers to address every aspect of online casino and poker room activity, including FATF-relevant money handling procedures, fair gaming, responsible gambling and efficient customer service.

    The London-based staff of the regulator includes a Fair Gaming Advocate to whom players can appeal if any disputes cannot be settled at casino or poker room level.

    Patrik Selin, CEO of Ongame commented: This is the culmination of tough, detailed on-site inspections and probity checks for Ongame, but we believe it is an important step forward for our poker rooms and the industry as a whole. Real and practical regulation such as eCOGRA offers has benefits for everyone, protecting the players and at the same time enforcing high levels of professional and business conduct at both the software provider and poker room level.

    Issued by: Andrew Beveridge, CEO
    Date: 31 May 2005
    Telephone: +44 20 7887 1480
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