EGBA is Regulatory Organization for Gambling
The EGBA, or the European Gaming and Betting Association, is the governing body that decides on rules of online gambling casinos and what regulations each must follow. Their aim is to ensure the protection of online gamblers in many different areas. First of all, security is their prime concern. With the continued rise of identity theft, it is important to focus on secure information transfer. The EGBA is an organization that sets up the rules for online casinos in terms of security and encryption. With the huge growth in online gaming, the market is aware that some safeguards need to be set up for the gambling public. Similarly to brick and mortar casinos, some government body needs to take the responsibility of maintaining and monitoring online casino activity. The biggest issues are identity safety, funds, and underage gambling. Many casinos are finding themselves monitored by Price Waterhouse Coopers but there are other organizations hoping to contribute to gambling safety.
An additional concern the government has is to protect consumers from unscrupulous online casinos is that as the global marketplace continues to grow, it’s harder and harder to find culprits. For example, if a person deposits money to their online account expecting to play games, they can be misled. It is possible their account may be frozen or the money may simply, disappear. Then when they do some investigating, they realize that there is no customer service line and tracking down the company is virtually impossible. This is another concern of the EGBA. They are looking to set up regulations in terms of transparency with customers. This includes having 24-hour/7-day a week customer service lines available to any customer who needs them.
Game fairness is another concern. Intricate codes and overwhelming TOS can potentially create problems if games are “fixed” in the online world. The EGBA requires that games are never fixed and that the website has a good track record of payouts. They want to make sure that players have won the specified amount of money they were expecting should they get lucky. Overall, the EGBA is the governing body that makes gaming secure. They regulate and monitor online casinos to ensure that consumers are getting what they paid for: fun gaming and the fair chance of winning money.
Tags: EGBA, gambling, regulation
