Casino News

eCOGRA to Audit Kahnawake Licensees

By: Rick Balding, Monday January 25th 2010
0 Comments   Email   Print

The Kahnawake Gaming Commission (KGC) was established in 1996 in the Mohawk Territory of Kahnawake near Montreal. It is one of the most reputed gaming jurisdictions and has been licensing and regulating online gaming since July, 1999. In order to ensure that its licensees meet high international standards of fairness, player protection, operational conduct and responsible gambling, KGC has announced a new compliance program involving third party inspection and ongoing monitoring. Fifty-five of KGC licensees are expected to be covered under the program.

KGC chairman Dean Montour introduced this program as the Continuous Compliance Program. The first step has been the appointment of eCOGRA as an Approved Agent. eCOGRA has worked with KGC earlier and Montour has expressed confidence in eCOGRA's ability to implement the Continuous Compliance Program. Montour is also confident that eCOGRA will hold the information received from the licensees in the strictest confidence. The Continuous Compliance Program consists of three components. The first is to assess annually whether the licensees are complying with KGC regulations concerning money laundering, player protection, dispute resolution, payouts, responsible gambling, reporting and advertising. The second is annual assessment for compliance against key regulatory objectives. The final segment of the audit is the analysis of live gaming data to ensure that the games are random and fair and that return to player ratios are correctly evaluated and reported.

eCOGRA is fully equipped to carry out this assignment. It has adequate staff of professionally qualified and industry-experienced Chartered Accountants who have completed hundreds of such inspections. In fact in 2007 eCOGRA was appointed by the European Gaming and Betting Association (EGBA) to carry out a similar exercise. The EGBA is a representative organization of the leading European gaming and betting operators. This program has been a resounding success and is now in its third compliance cycle. eCOGRA's assessment of the EGBA operators demonstrated that they follow standards that match or exceed those of European Union state gambling monopolies. This has given a fillip to the regulation process in Europe.

eCOGRA Chief Executive Andrew Beveridge said, "We look forward to the considerable task ahead and have almost completed four initial test reviews that have generated enthusiastic feedback from the operators concerned. The most important aspect of this program is that players will be safer, and that can only be to the credit of the industry." It must be pointed out that while eCOGRA audits over 140 online gaming operators, it operations too are subjected to third-party independent audit. The recognized international accounting firm KPMG London performs an annual quality assurance review of eCOGRA to ensure that the governance structure, responsibilities, processes and approach implemented within the organization comply with recognized audit practices and principles.

News Item Tools

 Email     Print     Digg    StumbleUpon


 Add Comment

Add Comment

You must be signed-in to add a comment: - Sign-in - Register

More News

Maldives Holiday At Roxy Palace
Winter Slots Wonderland At Golden Palace
Playtech Launches Innovative Galactic Streak Online Slot
Two Big Announcements From Microgaming
Latest Welcome Bonuses At Fortune Lounge Casinos

News Categories
RSS & XML Feeds
Subscribe to our News Feed Below:
Top 10 Ranked Online Casinos
Casino Name    
Jackpot City
 Read Jackpot City Casino Review
 Read EuroPalace Casino Review
Roxy Palace
 Read Roxy Palace Casino Review
All Slots
 Read All Slots Casino Review
Platinum Play
 Read Platinum Play Casino Review
Royal Vegas
 Read Royal Vegas Casino Review
Gaming Club
 Read Gaming Club Casino Review
Ruby Fortune
 Read Ruby Fortune Casino Review
Spin Casino
 Read Spin Casino Review
Casino Splendido
 Read Casino Splendido Review

More Top Rated Online Casinos

Search our site

Casino Bonuses

Game Information

General Information