eCOGRA Certification – Expansion Plans

Posted by Gambling News | Gambling Industry News,Gambling News | Wednesday 19 June 2013 2:43 pm

eCOGRA is an independent standards, testing and certification body for online gambling websites, who are there to protect the public too. It basically offers certification to reliable online gambling websites in regulated territories.

The internet gambling public have learned to look out for this certification before playing at any site, as they have learned how meaningful it actually is. This is particularly pertinent to the UK, because the audience for these games in the country are today highly evolved – what we like to refer to as knowledgeable and sophisticated players. This week it was revealed that eCOGRA would be expanding their operations, and is involved in the process of employing more staff.

These expansion plans are only one small indication of the type of growth that is still being experienced in the online gambling industry. It is also a further indication of how the growth of mobile gambling markets is taking off like a bat out of hell. Mobile concerns as well as online firms, require this form of accreditation.

Apparently ten specially recruited professional staff will be joining the current team, with skills sets such as certified information IT systems auditing, chartered accounting (courtesy of the Big 4) and software test engineers.

Tex Rees – the Executive Director of eCOGRA – released this breaking news during a recent management update. Substantial investments have also been made in areas such as audit software, internal control systems, programmes, and testing laboratory infrastructure. It is Rees’ opinion that these expanded capabilities will extend capacity, and better enable them to service an ever-growing online gambling operations client base, within licensed, and regulated territories.

Founded in 2003 – eCOGRA has seen this industry through its infancy and well into a new era. They are now responsible for testing many of the biggest online operations, and recently inked a software deal with Net Entertainment. A Swedish software firm – Net Ent are certainly putting some of the best games we have ever seen out into the online gambling marketplace, and more and more operations are clamouring for their products. eCogra also has an eGAP standards and monitoring agreement in place with Paf – another Scandinavian operator.

eCogra certification has become synonymous with superior operating standards, and representation in terms of the highest quality for fairness in the online gambling industry. They are recipients of ISO approval from the UK Accreditation Service (UKAS), and what this means to the online gambler, is that any site bearing this seal has been rigorously tested, and is being continuously monitored. It also offers a protection aspect for the gambler themselves, and may be requested to help in terms of mediation, should any fairness disputes arise.

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I-gaming certification and standards body eCOGRA expanding

Posted by Gambling News | Gambling Industry News,Gambling News | Friday 31 May 2013 7:40 pm

It’s been two years since the independent i-gaming standards, testing and certification company eCOGRA was the subject of a management buy-out from the original 2003 founders and the organisation has undoubtedly flourished.

In a management update this week, Executive Director Tex Rees revealed that ten additional professional staff, predominantly in the fields of chartered accountancy, certified information systems auditing and software test engineering have recently been selectively recruited by the company, extending its capacity to service a growing client base of tier one operators and software suppliers who have chosen to contract eCOGRA for i-gaming testing, monitoring and preparatory certification work in numerous regulated markets.

Among newly signed clients has been the respected and itself rapidly expanding Swedish online gambling software development group Net Entertainment.

eCOGRA has also won new eGAP standards and monitoring contracts with other leading industry companies, the most recent being the online gambling operator Paf (Ålands Penningautomatförening).

Rees says that her company has made significant financial investment in new audit software and programmes, internal control systems and testing laboratory infrastructure to support effective management of the growing business.

"Our substantial investment in technology and human resources will favourably enhance our ability to meet clients’ needs and the licensing jurisdictions’ stringent criteria for accredited testing facilities," Rees said this week.

"Based on unsolicited feedback, we are confident that our clients are more than satisfied with our testing and certification services, particularly in regulated markets such as Spain, Denmark and Italy.

However, the foreseeable introduction of diverse regulations and requirements by national licensing jurisdictions will continue to provide unique challenges for both licensees and testing houses, an industry dynamic for which eCOGRA is suitably positioned to excel." she said.

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Irish Lottery Sale – Government Seeks €600 Million For Gambling Licence

Posted by Gambling News | Gambling Industry News | Wednesday 29 May 2013 9:24 am

There is huge money to be made in the gambling industry, in particular in low cost wagers where life-changing amounts of money can be won. The Irish are selling their National Lottery with a €600 Million price tag, and Minister Brendan Howlin has been warned that he should be compelled to introduce measures that will protect players from gambling addiction. This comes as a section of a social responsibility charter that the new private operator must be prepared to adhere to.

A Gambling expert has been advising both buyers and sellers in this new deal. This expert is of the opinion that the sale actually calls for new measure to be put into place. This is a very controversial sale of a licence which will allow the private operator to run this lotto for a period of twenty years.

At the moment, despite the price, any buyer would be taking a gamble. The new operations company would have to be able to increase both turnover and revenues substantially. Last year sales for the Irish Lotto dropped by 10.6% – down to €252.3 Million, so any return on investment for the new operator, looks particularly bleak, unless they can pump up the sales.

However with the need to increase ticket sales, a massive push into advertising would obviously be a necessity, and it is this that causes concern. When a lottery product and the amounts of money that can be won are advertised on a grand scale, this takes place amidst fears that vulnerable members of society may be drawn into purchasing tickets that they can actually not afford. Or that under-age gambling may take place online.

There are a number of online gambling concerns that have an interest in this Irish license, and this is chiefly due to the fact that the online market for it remains largely untapped. Gaming giant Gtech (Italian) has shown an interest, and have actually admitted that this aspect is its chief selling point.

Declan Harkin who is chief operating officer of Gtech has hinted that if their bid were to be successful, a roll-out of self-service points in retail shops, as well as a "significant refresh of technology support", would definitely be on the cards. However, present laws need to be relaxed before lotto purchases may be made online.
Currently a cumbersome system is in place in terms of player registration.

This system is intended to be relaxed under a new Lottery Act, and experts in gambling, and gambling problems, believe that as long strong social responsibility ethics are adhered to by operators of online lottery-style games. Problem gambling will not be inevitable.

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All Slots Casino Partners With BETFUZE In An Exclusive Sponsorship Deal

Posted by Gambling News | Casino News | Friday 10 May 2013 10:06 am

All Slots Casino is one of the favourite online gambling brands for many UK, and European-facing fans of these real-money games. This b rand has also recently announced a sponsorship deal with the BETFUZE Mobile Platform, which makes them an exclusive partner with one of the most innovative software platform for mobile gambling. The new platform is expected to have launched by late Spring 2013.

Mobile gambling for real money, to win real money prizes, has become one of the trendiest ways to play these games online today. BETFUZE is actually a sports betting specialist developer, but the new mobile platform will facilitate the playing of online casino games, sports betting, and multi-player poker on the go.

As well as being sponsored by All Slots Casino, the new mobile platform will also be sponsored by some of the biggest names in the British biz. At this point in time the names being dropped are Coral, William Hill and Ladbrokes. But currently the deal between BETFUZE and All Slots is still exclusive.

David Brickman who is the VP of All Slots Casino, had to Say about the new deal – that they are proud to be partnered with a product that they know is one of the most innovative platforms they have ever had the pleasure of seeing. Not only for this brand, but mobile is going to continue to be one the strongest growth channels seen in the online gambling genre for years. It makes good sense to have a great mobile gaming platform.

They believe the product is cutting-edge, and will help redefine how players relate and interact with their on the-go gaming experience. Obviously the product will also fans of the site take their gaming with them wherever they go; to be played whenever the mood happens to take them.

The mobile platform concept was built together by both partners, and is destined to raise the bar in terms of technological advancement, as well as quality of design. Paul McNea who is CEO as well as co-founder of BETFUZE says that their sponsorship partners have assisted them to develop the most sophisticated platform if its type available world-wide today.

The technology however, is only one side of the story, what they are truly looking for is high levels of client engagement. Working with some of the leading UK and European gambling concerns has meant that they can ensure seamless integration across a wide range of systems. The BETFUZE system has evolved into a fusion of facts, sentiment, contextual detail, and a wide range of diverse data to offer the player a techno rich, friendly user experience. Personally speaking, we can’t wait to give it a whirl.

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The Online Gambling Industry Moves On – But What About British Bingo?

Posted by Gambling News | Bingo News,Gambling Industry News | Tuesday 7 May 2013 9:01 am

The online gambling industry is still moving in the right direction, and this direction is up. In other words the industry is still generating a great deal of turnover, as well as showing positive growth. It is considered to be a mainstream industry, and has become vital to the financial welfare of quite a few small, as well as politically independent nations that are close to the UK.

These are the offshore sites where servers for online gambling sites are licensed and kept, which has had the knock on effect of investments in infrastructures which maintain sizeable internet operations. These are regulating and licensing jurisdictions which have opened their doors to the industry in return for lower taxes. The result of this is that most online operations – even the big guys like William Hill, have taken these ops out of the UK and re-located them to places such as Isle of Man, Gibraltar, Malts, Alderney, and more recently Jersey in the Channel Islands.

Small, politically independent states such as these have come to depend to a great extent on the taxes the industry generates, as well as the employment, and growth opportunities it creates. While the online gambling industry does have its ups and downs, it also has an astonishing ability to roll with the punches. Many of the well-established online gambling concerns have had to reinvent themselves. And have done so in their efforts to survive, but what about British land Bingo, it seems to be taking a turn for the worse?!

There have been some serious changed in the gambling industry when it comes down to British tax law. And the one industry that appears to be worst affected is that of bingo. New taxes have been imposed on certain activities run by these business, which sees a recent hike to 20% on slot games in bingo halls. This poses a serious threat to the industry as a whole, but is an even bigger problem for smaller concerns.

Things started to go pear-shaped for this industry around 2005, and since then 150 of these clubs have closed down.

There is a real concern that this game may go completely extinct, which is rather sad rally considering it has become a big part of British culture. We have the Chancellor of the Exchequer to thank for the demise of this Great British game, as things stand now George Osborne could be the one to go down in history for killing the game. Bingo employs 13 000 people, but this also seems to mean nothing to him.

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