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European Gaming & Betting Association Review

George Miller

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EGBA: New Analysis Shows EGBA’s Responsible Advertising Code Can Reinforce National Advertising Rules
Reading Time: 3 minutes

 

European gaming & betting association is a regulatory body established in 2017 to replace the European betting association of 2003. It was founded by seven leading gaming operators in Europe including:

  • Bet-at-home;
  • Interwetten Gaming Limited;
  • Party Gaming;
  • Digibet;
  • Bwin;
  • Carmen Media Group;
  • Expekt Sportwetten.

It’s a non-profit organization whose finances come from membership fees and donations made by gaming operators.

Features of EGBA

One of the most outstanding qualities of EGBA is the set of rules gambling operators must comply with before joining the association. These requirements include:

  • Committing to responsible gaming
  • A casino must allow being audited from a third party
  • The casino has to offer 24/7 customer care services
  • A casino has to allow players to set their limits

Another distinguishing feature about this association is their ability to curb gambling operators from money laundering. For you to be a member of the association, you must promote social responsibility as the association is responsible too.

Duties of the European Gaming & Betting Association

First, EGBA’s main plan is to create uniform online gaming industries so that all gaming operators in Europe can offer their services across the continent. This objective is in line with European Union philosophy and therefore are taking with European countries that banning online gambling. The association also takes legal recourse against countries illegalizing online gambling or those countries monopolizing gambling in Europe.

According to the popularity of online casino in Europe, the second duty of EGBA is to facilitate fair, responsible, and secure gambling among game operators and people who use those gambling platforms. It, therefore, has come up with a code of conduct, all its members have to follow.

Similar Gambling Organizations in Europe

European Casino Association

ECA is an organization representing individual and national association operators of land-based casinos in Europe. The association represents more than 900 casinos and approximately 70,000 employees across Europe. ECA was founded in the early 90s and has since represented EU member states and non- EU countries.

The main objective of ECA is to focus on and promote issues of casinos, including casino operations. It, therefore, provides a focal point from which casino operators, stakeholders, and national policymakers can address casino matters—ideally, the association work as a source of information on anything relating to casino operations.

Also, the association aims to contribute to EU decisions on matters regarding the casino.

UKGC

United Kingdom Gambling Commission is the largest organization licensing gambling operators in the UK. For any casino to operate, whether online or offline, they have to acquire a license from UKGC. The commission, however, assign licenses only after thoroughly conducting an audit to ensure the gambling company adheres to the safety of players.

One of the main things UKGC looks at is the finances of a company and whether it has a separate players’ account holding player fund. This is important as it means even when a company goes bankrupt, it can still pay players who’ve won. Also, the commission has to look at the RTP rate. Return to player is the amount that goes back to players (not necessarily the person who deposits the bet money). So if a company states their RTP is 95%, it means the company keeps 5% of the amount a player deposit while the rest is paid to bet winners.

UKGC generally perform a thorough audit, including criminal record and ownership structure of the gambling business, to ensure British players are protected from incompetent companies.

GREF

Gaming regulator European forum is an organization with over 30 years in providing its services. The organization is a base on which members share and gather knowledge and experiences in regards to gambling. Ideally, GREF aims to provide useful materials, references, and be the source of comments in matters related to gambling. Members given access to the platform include;

  • Those who license gambling operators
  • Supervisors of the gambling sector
  • And legislators of gambling-related information in the EU, internal sovereignty, and states.    

Industry News

Playtech Joins All-in Diversity Project

Niji Narayan

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Playtech Joins All-in Diversity Project
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Playtech has announced that it has signed up to the All-In Diversity project – an industry-driven initiative to benchmark diversity, equality and inclusion for the global betting and gaming sector. The move comes as part of Playtech’s global sustainability strategy, Sustainable Success.

Sustainable Success is Playtech’s strategy for growing the business in a way that has a positive impact on its people, its communities, the environment and the industry.

“We are delighted to partner with All-In Diversity to help champion diversity and inclusion at Playtech, as well as within our sector. As the leading technology supplier in the industry, it is imperative to our success that we are able to lead the industry in building a sustainable, commercially viable, entertainment first industry — for the benefit of all. Partnering with the All-In Diversity Project will play an important role in supporting our efforts to promote an inclusive culture and accelerate progress on every aspect of diversity within the organisation,” Shimon Akad, Chief Operating Offer at Playtech, said.

“Playtech’s timing could not be better. As we continue to grow and align our work with the needs of the industry, having the support of established industry leaders is key to driving impactful change. This together with their commitment to the Project we are very much looking forward to their commitment and good work we can accomplish with their support,” Kelly Kehn, Co-Founder of All-in Diversity Project, said.

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Industry News

GIG to Launch Two Online Casino Review Sites in the Netherlands

Niji Narayan

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GIG to Launch Two Online Casino Review Sites in the Netherlands
Reading Time: < 1 minute

 

Gaming Innovations Group (GIG) is planning to launch two Dutch language Online Casino review sites in the Netherlands in October.

Expectations are high for both TopCasinoBonus.com and CasinoTopsOnline.com to deliver high-quality content to players, featuring trustworthy and accurate reviews on Online Casinos, bonuses and online games.

Both websites will be in line with the new Dutch gambling regulations. Once the Dutch iGaming market has re-opened, players will find reliable top-notch reviews of Online Casinos legally operating in the Netherlands, as well as information on the best casino bonuses available and tips on how to gamble responsibly and safely.

TopCasinoBonus.com was a successful Dutch website until the market closed in 2017. Now that the Dutch market will open again for online gambling, the website will be relaunched together with a Dutch version of the GiG flagship site CasinoTopsOnline.com in October 2021.

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Industry News

Lucky Player Wins €6.5 Million Jackpot on Microgaming’s Mega Moolah

Niji Narayan

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Lucky Player Wins €6.5 Million Jackpot on Microgaming’s Mega Moolah
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A lucky player has won a mega jackpot of €6,597,136.10 on Microgaming’s immensely popular Mega Moolah Slot. This marks the fifth win of seven figures or more on Microgaming’s progressive jackpot network this year and the hundredth in its history.

Playing the classic Mega Moolah slot at Optibet.com, the winning player struck the massive prize on June 4. This latest Mega Moolah win comes just weeks after the legendary jackpot paid out a record-breaking €19.4 million win on Absolootly Mad: Mega Moolah.

Microgaming’s progressive jackpot network has now paid out more the €1.4 billion to date, with over €103 million awarded across all jackpots, tiers and games so far in 2021.

“I’m delighted to see another big jackpot win so soon after Mega Moolah dropped for €19.4 million in April. My congratulations go to Optibet and their player on this brilliant win. This is something of a milestone for Microgaming, being the 100th euro millionaire made on our progressive jackpot network,” John Coleman, CEO at Microgaming, said.

“We were thrilled to hear the news that one of our players had struck the Mega jackpot on the legendary Mega Moolah. Not only was it the first Mega jackpot to be hit at Optibet.com, but it’s also a tremendous multi-million-euro prize!” Chris Davis, CPO at Optibet, said.

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