Online casinos seem to be fighting an uphill battle
in some circles when it comes to achieving the mainstream status the industry
needs and deserves in order to offer safe and quality gaming services. Luckily,
in several countries the online casino industry is becoming more widely accepted
and thereby more efficiently regulated - given a higher standard in online
casino gambling as a whole.
Up until recently, much of the regulation in the
online casino industry was by the casinos themselves, primarily in hopes of
achieving player trust and boosting the number of long term committed players.
This is a good portion of regulation - the self-management practices inspired by
the inherent nature of free trade. However, the trust instilled by assurance of
quality via impartial, third party regulators is exactly what the online casino
industry is wanting to now promote.
This is why eCOGRA's approval by the Minister of
Gambling of the Government of Gibraltar is such a positive development for an
online gambling industry striving to prosper in the regulated mainstream.
eCOGRA,
which stands for eCommerce and Online Gambling Regulation Assurance, has applied
experienced specialists with a total of eighteen years of data verification
experience toward its new high profile TGTR program, which is a Total Gaming
Transaction Review which eCOGRA approved casinos submit themselves to in order
to accurately have their data continuously analyzed, such as payout percentages
and the fairness of their random number generation. TGTR has been accepted by
the Gibraltar gaming and casino authorities after in-depth review and
assessment.
eCOGRA is an independent regulator which has the
beneficial position of not being directly affiliated with any particular
government. Their hopes remain to be a provider of unpartisan regulation of
online gambling in order to protect players and raise the bar in this fast
growing industry. This is done by providing a service to online casinos that
they can, in turn, use to attract and assure players with their eCOGRA approved
and trustworthy practices. eCOGRA's service includes placing standards on the
casino software and gaming experience itself, the accuracy and fairness of RNG
reports and payout percentage, and annual audits open to the public containing
the casinos stats and standard of business throughout the year. All of these
reviews are completed in a universal fashion facilitating up to fourteen
different languages.