Wednesday November 14, 2012 : ECOGRA APPOINTED BET365 REGULATORY AUDIT PARTNER
Specialist partner in complex regulatory matrix
Diverse regulatory challenges in Europe’s evolving online gambling industry require a specialist partner to ensure compliance on all levels across numerous markets
The regulatory auditing and testing agency eCOGRA has been selected by leading Stoke-on-Trent based online gambling group bet365 to serve as its “third party regulatory testing and certification partner”.
Companies are increasingly recognising the value of partnerships that will oversee and conduct independent specialist audit and testing procedures to streamline the often complicated and varying matrix of national regulatory requirements in newly legislated, as well as existing, markets in Europe.
bet365, as one of the world’s largest online gambling groups, identified the need to appoint a strategic partner that would provide it with quality and cost-effective compliance and audit services ensuring each aspect of its business is in sync with the myriad of legislative requirements adopted by the various markets it operates in or intends to enter.
eCOGRA’s 17025:2005 testing laboratory accreditation by the United Kingdom Accreditation Service (UKAS) and extensive mix of professional Big 4 audit firm, IT and industry experience, ideally places the firm to perform compliance and audit services across the diverse spread of regulation and testing principles and methodologies being adopted throughout Europe.
Andrew Beveridge, the chief executive of eCOGRA, welcomed the appointment saying: “eCOGRA specialises in providing services to tier 1 software suppliers and operators, and bet365 certainly meets this requirement. eCOGRA looks forward to assisting bet365 with future certification endeavours while ensuring the group remains compliant in the markets in which it currently operates.”
Steven Degg, regulatory compliance and information officer of bet365 commenting on the appointment said: “bet365 selected eCOGRA based on the depth of skills, experience of their resources and a successful track record in providing compliance services to other leading operators and software suppliers. bet365 successfully submitted challenging Spanish and Danish certifications in partnership with eCOGRA, and we look forward to working with eCOGRA as we expand into new markets going forward.”