eCOGRA makes out for eCommerce and Online Gaming Regulation and Assurance, which is an international organization in charge with the actual regulations established for online gaming.
eCOGRA was founded in 2003 as a result of a stringent necessity to set some universal regulation standards that should be available in the entire online gambling industry, to homogenize the existing rules, apply them in all the casinos and implant more transparency. must inform you that the organization reached its goals and continues its activity of smoothing the online gambling industry regulations according to the ever-changing needs of this dynamic sector.
The non-profit institution is managed by a council of four independent directors whose background is exclusively related to the field. eCOGRA services also include mediation provided to players who are engaged in conflicts with online casinos. As a matter of fact, eCOGRA’s main concern is to defend the players’ rights and offer them accurate information about their rights and liabilities.
Online casinos must normally meet several criteria in order to be awarded the “Safe and Fair” Seal of Approval from eCOGRA, which is a symbol and a recognition of their fairness and impartiality. testifies the correctness of eCOGRA’s evaluation and methods of verification of each casino website. The verification procedure usually relies on testing the software platform used by the online casino. A large number of casinos that already possess the famous eCOGRA seal are based on Microgaming software, which is one of the main producers in terms of security and fairness. Even so, casinos powered by other software providers are allowed and invited to apply for an eCOGRA Seal of Approval, without any limitations, as long as they meet the requested criteria, called eGAP. The applicants must be able to protect their players, show responsibility, ensure a safe gambling environment and prevent frauds or disputes. Moreover, they must be willing to submit their software to monthly payout verifications and approve the online publication of the resulting reports. Such reports usually refer to balance checks, reviews on bets and payouts as well as recorded transactions. Figures and trends are subsequently analyzed and compared to determine the accuracy of the payout percentages practiced by the online casino. The procedure seems to be complicated but casinos must act in compliance with current standards and regulations and remain trustworthy for their audience while being closely supervised and encouraged to guarantee randomness.
A lot of loyal readers and gambling addicts confessed that the online gambling world is more reassuring ever since eCOGRA has been created. They feel their rights are protected against any abuse tendency and their entertainment is more relaxing.