Net Entertainment’s Mega Fortune™ Pays out a World Record €11.7 Million Jackpot

Posted by admin | Casino News,Gambling News | Wednesday 28 September 2011 8:28 am

Net Entertainment congratulates the lucky 20-year old Norwegian who has won the world record breaking €11,7 million on Net Entertainment’s progressive jackpot slot, Mega Fortune™. The highest ever jackpot in the history of online gaming was won early Saturday morning on September 24, and the fortunate winner was at the time playing at Betsson Casino.

"It is my pleasure to congratulate yet another multi millionaire, and it is fantastic to acknowledge that Mega Fortune™ hits a world record in the online jackpot history. €11.7 million is truly life changing, and we can only take our hat off for the lucky winner" said Björn Krantz, Acting President and CEO at Net Entertainment. "We recognize a huge player interest in Mega Fortune™ and it is delightful to see how quickly these progressive jackpots can accumulate to such high payout levels. Our focus on portfolio and operational excellence stays firm and our commitment to provide our licensees with the most exciting games and thereby maximizing player experience is on top of our agenda".

Mega Fortune™ is a progressive jackpot slot which is part of Net Entertainment’s jackpot network, pooling the liquidity of players from several of Europe’s largest online casinos. During the last year Mega Fortune™ has paid out over €26 million to lucky players around the world.

Henrik Persson, CEO of Betsson Malta Ltd, also expressed great satisfaction to the news. He said, "Large jackpots are imperative for driving traffic and Net Entertainments progressive jackpot Mega Fortune™ truly delivers, and is probably the most exciting progressive jackpot game on the online gaming market today."

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Net Entertainment congratulates the lucky 20-year old Norwegian who has won the world record breaking €11,7 million on Net Entertainment’s progressive jackpot slot, Mega Fortune™. The highest ever jackpot in the history of online gaming was won early Saturday morning on September 24, and the fortunate winner was at the time playing at Betsson Casino. [...]

Betclic Achieves eCOGRA Accreditation

Posted by admin | Gambling News | Tuesday 30 August 2011 4:05 pm

Betclic, a well-established internet casino, poker and sportsbook company in the Betclic Everest Group, has successfully achieved the tough professional standards required to gain accreditation with the independent standards and player protection organisation eCOGRA.

Announcing the successful accreditation, eCOGRA chief executive Andrew Beveridge said that Betclic joins an elite group of 146 online gambling sites that have demonstrated a practical commitment to higher standards of operational conduct, fair gaming, integrity and player service through the organisation’s Safe and Fair seal, which Betclic is now entitled to display on its websites.

"The Betclic management is highly experienced and well established in the industry," Beveridge said this week. "Betclic was the founding company when the Mangas Gaming Group, which subsequently became the Betclic Everest Group, was formed.

"It has also achieved compliance with the European Gaming and Betting Association’s (EGBA) standards, and it is therefore not surprising that the management met all of our requirements despite a rigorous on-site inspection and review process."

The audit and inspection leading to accreditation was carried out by Bradley Khoury, a Chartered Accountant and Information Systems Auditor, who reported to the eCOGRA Seals Compliance Committee: "The cooperation and dedication of the Betclic compliance personnel accompanied by unrestricted access to knowledgeable staff and transparent information facilitated a highly comprehensive review. The organisation demonstrated strong resilience and noteworthy commitment to compliance."

Lisa Lombardi, the Licensing and Compliance Director for Betclic, said that the accreditation initiative had been both informative and challenging.

"We consider the investment in time and resources to have been very well spent, giving us the opportunity to review all of our procedures and gain the benefit of a totally independent, practical and expert view of the manner in which we conduct every aspect of our business," she said.

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Betclic, a well-established internet casino, poker and sportsbook company in the Betclic Everest Group, has successfully achieved the tough professional standards required to gain accreditation with the independent standards and player protection organisation eCOGRA. Announcing the successful accreditation, eCOGRA chief executive Andrew Beveridge said that Betclic joins an elite group of 146 online gambling sites [...]

eCOGRA Testing Capability Recognised By Italian and International Bodies

Posted by admin | Gambling Industry News,Gambling News | Thursday 25 August 2011 5:18 am

Remote gambling standards and player protection body achieves accreditations of its own.

eCOGRA, the independent player protection and standards body servicing the international remote gambling industry, has achieved two milestones of its own, successfully qualifying as a testing agency with the Italian regulator AAMS, and having its systems approved by ISO – a Geneva-based international standards authority.

Working through the United Kingdom Accreditation Service, London-based eCOGRA was accredited by the International Organisation of Standards (ISO) after meeting its stringent systems-oriented requirements and standards.

On July 22, 2011 eCOGRA was awarded the ISO approval ISO/IEC 17025:2005 : General Requirements for the competence of testing and calibration laboratories. The accreditation is one of the quality assurance requirements for approval as a testing agency in various European remote gambling licensing jurisdictions.

eCOGRA has also confirmed its capability as a testing entity in the burgeoning Italian market by securing the approval of Italian regulator Amministrazione Autonoma Monopoli di Stato (Autonomous Administration of the State Monopolies) or AAMS.

This accreditation empowers eCOGRA to act as a testing and monitoring agency for remote gambling platforms, random number generators and gaming operator applications for compliance with the technical standards issued by AAMS.

It opens eCOGRA’s considerable experience in the field to operators with plans to access the Italian market.

Andrew Beveridge, chief executive officer of eCOGRA, congratulated his IT and audit staff on the achievement of the new accreditations this week, saluting their professional commitment to the highest international standards.

"Promoting the values of commitment and self-regulation, and preparing remote gambling companies for the national regulatory systems now evolving, remains a critical part of our business, and eCOGRA will continue to pursue testing agency approval in other emerging jurisdictions to ensure that we can provide a full-service offering which meets all of our client’s regulatory compliance needs," he said.

Beveridge added that eCOGRA expected to announce further jurisdictional approvals soon, and was open to approaches from both existing and new clients interested in the regulatory requirements of the emerging licensing jurisdictions, and how to meet these.

About eCOGRA

eCOGRA is staffed by highly professional auditors with Big 4 auditing firm experience, information system experts and responsible gambling specialists. The organisation is a leading supplier of compliance and advisory services in the areas of player protection, fair gaming and responsible operator behaviour to stakeholders in the remote gambling industry. In 2011 alone eCOGRA will perform almost 100 compliance reviews against eCOGRA’s eGAP Requirements, the European Gaming and Betting Association (‘EGBA’) Standards (incorporating the European CEN Workshop Agreement Measures) and various jurisdictional regulations.

About ISO

Founded in 1947, the ISO is an international standards-setting body composed of representatives from various national standards organisations. The organisation promulgates worldwide proprietary industrial and commercial standards from its headquarters in Geneva, Switzerland.

ISO is a voluntary organisation whose members are recognised standard authorities, representing a diverse range of countries and industries. The bulk of the work of ISO is done by the 2700 technical committees, subcommittees and working groups, assessing and inspecting applicant companies dedicated to improving services and production.

About AAMS

The Italian online gambling market is regulated by the Amministrazione Autonoma Monopoli di Stato (Autonomous Administration of the State Monopolies) or AAMS, which sets dedicated Italian market standards and requirements for operators in the Italian market and grants and monitors licenses.

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Remote gambling standards and player protection body achieves accreditations of its own. eCOGRA, the independent player protection and standards body servicing the international remote gambling industry, has achieved two milestones of its own, successfully qualifying as a testing agency with the Italian regulator AAMS, and having its systems approved by ISO – a Geneva-based international [...]

eCOGRA Accredited Online Gambling Sites Maintain Low Complaint Rate

Posted by admin | Gambling Industry News,Gambling News | Friday 15 July 2011 11:43 pm

Majority of complaints resolved within 72 hours!

The 2011 half-year dispute statistics released by eCOGRA Fair Gaming Advocate Tex Rees this week show once again that eCOGRA-accredited operators maintained a remarkably low complaint ratio under 0.5 percent per site on average each month over the first six months of 2011.

The majority of valid complaints received by the independent player protection and standards body were resolved within 72 hours.

"e;Operators have responded in a fast and cooperative manner to those cases where I have requested information and explanations, and have been quick to respect my findings in each case,"e; Rees reported, adding that it had been noted that a small percentage of players still tried to circumvent terms and conditions governing play and payouts.

"e;This small category of players has become more creative in their tactics, but the operators have developed correspondingly improved methods to identify and then lock them out,"e; she said.

eCOGRA oversees the online gambling activities of some 145 tier one online gambling sites owned by some of the biggest and most established operators on the Internet, and makes available a free dispute resolution service to players using those sites which have been awarded eCOGRA’s "e;Safe and Fair"e; seal.

During the first 6 months of 2011 a total of 475 complaints were received, 57 of these being in respect of sites outside the eCOGRA sphere of influence and therefore not accepted. A further 60 were invalid due to insufficient information or irrelevant enquiry.

The 358 valid and legitimate complaints accepted by the FGA featured cash-in problems (41 percent), bonus issues (23 percent) and locked accounts (21 percent) as the main disputes, with an average complaint rate of 13 per week across all 145 accredited operations.

The number of valid disputes resolved in favour of the player dropped to 40 percent, a decrease of 3 percent on the 2010 figures, Rees reported.

"e;This decrease is attributed to a number of gambling syndicates breaking the terms and conditions that were uncovered by operators through the application of increasingly sophisticated tracking techniques"e; says Rees. "e;The use of multiple account and fraudulent documents are being picked up on a much more regular basis"e;.

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Majority of complaints resolved within 72 hours! The 2011 half-year dispute statistics released by eCOGRA Fair Gaming Advocate Tex Rees this week show once again that eCOGRA-accredited operators maintained a remarkably low complaint ratio under 0.5 percent per site on average each month over the first six months of 2011. The majority of valid complaints [...]

Cayetano Gaming now Offering Casino Games to Alderney-licensed Operators

Posted by admin | Gambling News | Saturday 9 July 2011 11:59 pm

Specialist online casino game developer Cayetano Gaming is pleased to announce that the Alderney Gambling Control Commission (AGCC) has issued the company with a software supplier certificate. The certificate permits Cayetano to license its casino games to Alderney operators for the first time.

Robin Le Prevost, Alderney’s Director for eCommerce Development commented: "We are very pleased that Cayetano Gaming has decided to come to Alderney. The company is a leader in innovative casino games and a great addition to the Island. Alderney is one of the largest and fastest growing eGaming jurisdictions so this is a natural choice for Cayetano".

A spokesman for Cayetano Gaming, said "We are delighted to have the opportunity to offer Cayetano’s games in Alderney. It is a top tier jurisdiction with first class regulation and some of the best casino operators in the world. We thank the Commission for the certificate and look forward to working with local operators to deliver players the latest online casino games."

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Specialist online casino game developer Cayetano Gaming is pleased to announce that the Alderney Gambling Control Commission (AGCC) has issued the company with a software supplier certificate. The certificate permits Cayetano to license its casino games to Alderney operators for the first time. Robin Le Prevost, Alderney’s Director for eCommerce Development commented: "We are very [...]
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