Online Gambling and the On-going US Drought

Posted by Gambling News | Gambling Industry News,Gambling News | Tuesday 12 June 2012 8:31 am

In 2010 UK gaming site woke up and rejoiced as news broke out that the four year ban which had been imposed upon US online gamblers was soon to be lifted as per the government’s reviews of its 2006 legislations and its prohibition of online real money betting.

As the 2006 legislation was enforce in September of 2006 across the USA, the UK’s multibillion pound gambling industry came close to collapse at the overnight loss of one of its largest online clients.

And, with the economy well on its downward spiral already, the last thing the British economy system needed was another attack on its annual revenue income.
Yet the loss of the US players to such profitable and reliable UK gaming sites like 888 Limited and Party Gaming meant that their shares saw a drastic drop of between 26% and 54% for each site respectively which equated to an overall loss of £4billion in stock shares.

And whilst the UK tried and failed to make the best of a bad situation by exploring wider gaming opportunities further afield than the scope of the US, nothing has been able to come close to the amount of revenue that US patronage produced which has in turn meant the inability of the gaming industry to recover fully from the revenue deficit the loss of the US backing cost.
However with the repeal on the mind of many a US governing body, a new hope was instilled amongst a struggling yet slowly re-growing online gaming industry as that age old controversial discussion on whether or not online gambling should be made legal was once again sparked off.

Nevertheless whilst UK and US Online Gambling supporters remained hopeful that the band would soon be lifted, expert predicted a drastic stall in repeal proceeding as midterm elections swept the nation and seats changed hands.

Yet when the stall experts predicted finally did came it was a surprised that its consequence was not that of any governmental election taking place, but rather that of the US states realising that the same legislations they had been abiding by and upholding since the 1961 Federal Wire Act could actually be used to help their own internal state economy without having to seek legal online gambling in overseas places like the UK.

Once again, the UK along with the rest of Europe were left to weigh the pros and cons of the US government lifting the ban on online gambling in the USA and realising the possible negative implications that lifting such a ban would have on their economy if US casinos and gaming halls chose to exploit this new freedom and establish themselves as rival gaming providers for US players within the actual US.

Two years on from the initial discussion to quash the 2006 prohibition of online gambling legislation in the US back in 2010, and still no decision has as yet come to fruition as the online gambling US drought continues.

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eCOGRA Testing Accreditation for Internet Gambling Upgraded

Posted by Gambling News | Gambling Industry News,Gambling News | Friday 13 April 2012 8:05 pm

The independent testing and standards company eCOGRA has successfully completed a rigorous assessment by the United Kingdom Accreditation Service to achieve an extension to its International Organisation for Standardisation ISO/IEC 17025:2005 accreditation.

The extension enables the company to include the Danish Gambling Authority’s Technical Standards and Change Management Programme to its area of professional expertise.

"The practical application of this extended accreditation is that, along with other criteria required by the strict Danish regulator, we are now qualified to perform certification work and provide guidance to online gambling companies in the Danish market, and those seeking licenses to operate, " said eCOGRA CEO Andrew Beveridge this week.

The extension qualifies eCOGRA to operate in all five Danish certification categories:

  • Gambling functions;
  • Business functions;
  • Preventative measures to counter money laundering of proceeds and financing of terrorism;
  • Vulnerability and penetration testing; and
  • Change management

Beveridge says that there has been significant interest in eCOGRA’s capabilities in regulatory compliance, and he is confident that his company’s professional teams of auditors and IT specialists will be engaged to perform certification work for almost a third of Danish-licensed operators.

"Since 2003 we have accrued a considerable fund of experience and knowledge, having conducted literally hundreds of technical and financial inspections, reviews and assessments for many of the leading operators in the internet gambling industry, " Beveridge said. "This has generated more business for us as the regulatory scene in Europe especially has evolved and expanded."

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eCOGRA Chief Named Among Top Regulatory Specialists

Posted by Gambling News | Gambling Industry News,Gambling News | Friday 10 February 2012 1:17 pm

Beveridge joins an impressive company in legal and regulatory section of awards list.

Andrew Beveridge, chief executive of eCOGRA, is among the nine executives named in the legal and regulatory section of the latest Hot 50 list published annually by the business publication Gaming Intelligence.

The list honours "the most talented, innovative and inspired people working in online gambling" and was this year compiled by a judging panel that comprised Warwick Bartlett of Global Betting & Gaming Consultants; Andrew Bulloss, head of betting and gaming practice at Odgers Berndtson; Mark Davies, chief executive at Camberton reputation management; Morgan Stanley executive director Vaughan Lewis; EGBA general secretary Sigrid Ligné; Gaming Intelligence managing editor Bobby Mamudi and financial analyst Dawid Myslinski.

Mamudi said the objective of the Hot 50 list was to recognise the achievements of industry executives who are shaping the future from a wide range of international CEOs, regulators, technology wizards, lawyers and marketers.

The list includes industry legends such as Denise and John Coates of Bet365 and Isai Scheinberg of PokerStars, and the legal and regulatory section names:

  • Juan Carlos Alfonso, deputy director general, National Gaming Commission Spain
  • Martin Cruddace, chief legal and regulatory officer, Betfair
  • Clive Hawkswood, CEO of the Remote Gambling Association
  • Jeff Ifrah, a US lawyer who has been deeply involved in the Full Tilt Poker issues in America
  • Francesco Rodano head of remote gaming at Italian regulator AAMS
  • Birgitte Sand, director of the new Danish Gambling Authority
  • Paul Telford, general counsel for PokerStars, and
  • Jenny Williams, chief executive of the UK Gambling Commission.

The individual citation for Beveridge reads:

"As CEO of eCOGRA since 2003, Andrew Beveridge has had a considerable influence on responsible gaming. But it is his handling of the process that developed the CEN (European Committee for Standardisation) Agreement for Responsible Remote Gambling that wins him a place in the Hot 50. The process began facing pretty fierce opposition but in his role as chairman, Beveridge assuaged doubts and balanced hundreds of different viewpoints to produce an agreement that has been widely accepted by the industry. It is now being used as a template for good practice to win over sceptical and protectionist governments."

Commenting on his inclusion on the list, Beveridge said he felt honoured to be in such respected company as the industry matures and moves increasingly toward national regulation in many countries, with the benefits to players that this brings.

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eCOGRA Acquired by Management and Strengthens its Independent Status

Posted by Gambling News | Gambling Industry News,Gambling News | Monday 28 March 2011 10:17 am

The London-based player protection and standards body eCOGRA has undergone a change in ownership following a successful management buy-out (MBO) initiative led by chief executive Andrew Beveridge.

The organisation announced this week that the original Founding Members of eCOGRA, three major and competing online gambling groups, had agreed to the change. In future the new ownership structure of eCOGRA would not include software or other service providers or operators enabling it to be truly independent in the discharge of its audit, advisory, compliance and seal awarding activities.

The Founding Members note that the company had established itself as a credible and respected industry player with major business connections since its launch in 2003, and that it is now appropriate that the founding ties be severed, allowing eCOGRA to make its own way in the world of online gambling.

Staffed by IT, responsible gambling and audit specialists, eCOGRA offers a wide range of professional business services to internet gambling companies, and enjoys business relationships with major trade associations and several international licensing jurisdictions.

The company’s Safe and Fair seal of accreditation has become a reliable indicator of operators committed to high standards of commercial conduct, customer respect and fair gaming, and is held by 150 websites, belonging to some of the most successful tier one companies in the industry.

"The industry is maturing, and eCOGRA must be part of that evolving process," Beveridge said this week. "The trend toward national or state regulatory regimes around the world is just one of the areas in which our professional services are increasingly in demand by companies and jurisdictions committed to ensuring that they are well prepared in all respects to meet the highest international standards."

Beveridge revealed that eCOGRA’s services and operational structure would remain largely unchanged.

"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," he said.

"Our policy of independently assessing operators for the award of the Safe and Fair seal, and subsequent review and monitoring activity, will remain in place, and the provision of professional business services and advisory consulting remains a key element in our commercial offering and will become an increasing important part of the services offered.

"Importantly, our strong commitment to responsible gambling will continue, specifically in our operator training initiatives and the requirements enshrined in our standards."

"Going forward eCOGRA intends to become a major force in helping shape new gaming regulations, offering specialised advice and assistance to existing and emerging jurisdictions and be at the forefront of establishing industry standards".

The MBO has scored an important coup in bringing eCOGRA’s former Independent Directors onto the new Board.

"Our chairman will be Michael Hirst OBE, supported by a directorate that includes Bill Henbrey, Bill Galston OBE, Frank Catania and myself," said Beveridge, adding that biographies were available on the eCOGRA website at http://www.ecogra.org

"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," he said.

Michael Hirst said that the original mandate of the eCOGRA Independent Directors had been to continually improve the credibility of the industry, ensure players were properly protected and develop appropriate standards and regulations.

"Those basic principles will remain our goal in addition to increased competitive commercial activity," he said.

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eCOGRA Welcomes First Pan-European Consumer Protection Agreement

Posted by Gambling News | Gambling Industry News,Gambling News | Thursday 24 February 2011 5:14 am

eCOGRA CEO and the Chair of the CEN workshop agreement on "Responsible Remote Gambling Measures", Andrew Beveridge, today welcomed the publication of this first Pan-European consumer protection agreement by CEN.

CEN is the European Committee for Standardisation, one of three European Standardisation Organisations officially recognised by the EU (http://www.cen.eu/). CEN draws up voluntary technical specifications, such as a CEN workshop agreement, to help facilitate a single market for European industry and consumers across its members in 31 European countries.

This CEN workshop agreement on "Responsible Remote Gambling Measures" (16259) defines 9 policy objectives for the protection of online players in the European Union and 134 concrete measures to ensure that those objectives are actually met.

The 9 policy objectives are:

  • 1. The protection of vulnerable customers
  • 2. The prevention of underage gambling
  • 3. Combating fraud
  • 4. Protection of privacy
  • 5. Fair gaming
  • 6. Accurate customer payments
  • 7. Responsible marketing
  • 8. Customer satisfaction
  • 9. Safe operating environment

CWA 16259 shows consensus across a wide range of remote gambling stakeholders – from experts on problem gambling and players to industry representatives and addiction and criminology academics – showing that there is real desire to work together to ensure consumer protection issues are fully addressed as important EU developments unfold.

Andrew Beveridge, Chief Executive Officer of eCOGRA and Chair of the CEN workshop agreement, said "Over the last 7 months, CEN has provided the platform for us to make this agreement to secure the high level of protection for consumers across Europe that is vital for the online gambling industry as it matures. eCOGRA intends to bring into line its own eGAP Requirements with these CWA control measures, thereby benefiting eCOGRA, its sealholders and players."

He added "This is self regulation at its best, bringing together a wide range of stakeholders from across the world for the benefit of the consumer. This agreement can only complement existing industry standards and inform both national and EU regulation of online gambling. It has been an honour to be part of and chair this process."

About eCOGRA

eCommerce and Online Gaming Regulation and Assurance (eCOGRA) was founded by competing online gambling companies seven years ago to improve operational standards and player protection. Accredited companies must comply with practical business and integrity standards, coupled with an impartial inspection, review and monitoring program that authorises them to display the organisation’s revocable Safe and Fair seal.

Since its formation, the organisation has extended its services to cover online casino and poker room operations, Internet bingo, sports betting, mobile and live gambling businesses, and affiliate program best practice through an Affiliate Trust Seal, positioning its influential accreditation within reach of all online gambling companies.

Many of the top software providers in the industry have already been assessed by the organisation, which is recognised by several international online gambling regulators and by bodies such as the European Gaming and Betting Association, which counts most of Europe’s major online operators among its members.

Since 2003, the eCOGRA seals have become synonymous with tier one levels of fair and responsible gaming, professional conduct and high operating standards when displayed on an online gambling website.

Accreditation remains open to all software companies and their operators and affiliate programs. For more information, go to http://www.ecogra.org

About CEN

The European Committee for Standardization (CEN) is a business catalyst in Europe, removing trade barriers for European stakeholders such as industry, public administration, service providers, consumers and other stakeholders. Its mission is to foster the European economy in global trading, the welfare of European citizens, and the environment. Through its services CEN provides a platform for the development of European Standards and other specifications.

CEN’s 31 National Members work together to develop voluntary European Standards (ENs) in various sectors to build a European Internal Market for goods and services and to position Europe in the global economy. By supporting research, and helping disseminate innovation, standards are a powerful tool for economic growth. More than 60,000 technical experts as well as business federations, consumer and other societal interest organizations are involved in the CEN network that reaches over 480 million people.

For further information, please visit: http://www.cen.eu

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