eCOGRA Involved in Management Buy-out
eCOGRA, the online gambling standards authority, has been acquired by management in a move initiated by the group's Chief Executive Officer, Andrew Beveridge.
This move will not only officially cut ties from the group's original founding members who are part of the online gambling industry, it will also strengthen its independent status.
The original three members have given the group their blessing and said that it was an appropriate move in the current climate.
"The industry is maturing and eCOGRA must be part of that evolving process," noted Beveridge
"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."
He said that eCOGRA will "continue to offer unbiased player dispute mediation through our Fair Gaming Advocate, and our TGTR outcomes software monitoring system is proving to be increasingly popular with non-accredited entities and will if anything, be expanded."
Beveridge said that, most importantly, the group's strong commitment to responsible gambling will remain, specifically in its operator training initiatives and the requirements that are "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," he said.
