EGBA Sets New Standards - 07-20-08

July 20 - The European Gaming and Betting Association (EGBA), which represents most of the European-based online casinos and gambling sites, has launched a new standards initiative that will see its members abide by. Online casino players will be able to enjoy higher protection and transparency thanks to the operators behavior standards.

The Chairman for EGBA, Norbert Teufelberger, said about the launch: "These standards are a sign of our commitment to an exemplary level of corporate and social responsibility. They could serve as a basis of reflection at a time when governments and regulators across Europe are trying to find ways to best protect consumers in the online gaming and betting environment."

Among the 170 technical obligations set for EGBA members, online casinos need to avoid juvenile and problem gambling, ensure fast and accurate payouts, adopt a zero-tolerance policy on fraud and scams and guarantee players' privacy protection.

EGBA will work closely with another powerful watchdog group, eCOGRA, which will conduct an annual, compulsory check on the online casinos and confirm that they are indeed keeping up with the standards to which they have committed themselves.

"Our goal is to make sure that EGBA has a consequential expert review process for evaluating each member's abidance with agreed and constantly applied standards, which consumers and regulators have come to be expecting in the online gaming and betting industry," said the Chief Executive Officer of the London-based eCommerce and Online Gaming Regulation and Assurance, Andrew Beveridge.

The new EGBA standards will complement the strict legal requirements imposed on European online casinos by gambling jurisdictions in the region.

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