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Trident Entertainment Group Ltd.

Trident Group First With Quality Seal - Rigorous eCOGRA Inspections Passed

Kahnawake, QC, Canada (ots)

The Trident group of top-end online
casinos is among the first four operations awarded the much sought
after e-Commerce and Online Gaming Regulation and Assurance (eCOGRA)
seal of quality this week.
Months of rigorous on-site testing by financial and professional
services teams from international audit group PricewaterhouseCoopers
preceded the award, which has been compared to an International
Standards Organisation listing.
"The inspectors were on our premises for long periods, carrying
out extensive probity and financial checks on both company and
management, and conducting practical examination and testing on
everything from our Support facilities and staff to accounting
practices and technical equipment. It was tough but worth it in the
end," says Trident spokesman Scott Gaines.
eCOGRA insists on the inspections, which cover every aspect of a
casino applicant's operations to ensure that these are in compliance
with strict standards laid down in the Generally Accepted Practices
of the Association.
These have been drafted by international evaluation and compliance
experts to address player protection, fair gaming and responsible
operator conduct, and test player protection policies, technical
capabilities and anti-money laundering measures.
Congratulating the first successful seal holders, eCOGRA chief
executive officer Andrew Beveridge said that the seal is designed to
clearly identify reputable and honest gambling venues for the online
gambler.
"Successful applicants are required to be software licensees of an
eCOGRA member, and these companies too have to meet stringent
requirements regarding their products," he said.
Beveridge says that the primary goal is the protection of the
player by requiring the operators to commit to ensuring that the
games are fair, the player will be paid in a timely manner and
treated fairly and with respect, and that the operator will behave in
a responsible manner.
"Our goal is to prove that responsible companies are involved in
online gambling and to make them readily identifiable to both
consumers and gambling authorities," he said.
"We intend that the eCOGRA seal will become the benchmark 'gold'
standard -- an instant indicator to the player that the site has been
proven to offer a fair and efficient gambling experience."
The international financial services group PricewaterhouseCoopers
is involved in eCOGRA as a member of the Audit Panel. Apart from
initial and ongoing examinations and inspections on casinos awarded
the seal, the organisation's independent Total Gaming Transactions
Review (TGTR) system is used as an outcomes-based verification on
software fairness. TGTR works with raw data from every single gaming
transaction at a casino, which is directed live to a dedicated
server. Specially designed analytical software then balances,
crosschecks and trends the information to arrive at a zero balance
and an accurate monthly payout percentage.
Editor Notes:
eCOGRA is a well-funded, independent, non-profit organisation with
offices and a permanent staff based in London.
The organisation was initially founded and financed by Microgaming
Software Systems and Virtual Holdings, the owner / operators of
Casino On Net who each have a representative on the board. Other
directors are highly experienced and distinguished executives from
the international gambling industry, and the board is structured such
that independent directors' votes control it to ensure autonomy from
software companies and operators.
The objective of the Association is to ensure efficient online
casino (and shortly poker room) operations to high standards of
fairness and integrity, leading to genuine player protection so that
players may be assured that eCOGRA operators have demonstrated that
they are honest, games are fair, monetary deposits are safe and
payouts are timely.
In order to distinguish casinos committed to these ideals, a
rigorous evaluation and inspection system has been designed,
culminating in the successful casino applicant receiving an eCOGRA
seal.
Directors include: Chief Executive Andrew Beveridge; independent
directors Michael Hirst OBE (chairman and formerly a top executive
with the Hilton Group and UK's Business Tourism Partnership); Bill
Galston (former chief inspector of the Gaming Board for Great
Britain) and Frank Catania (a former Assistant Attorney General for
the State of New Jersey and Director of the New Jersey Division of
Gaming Enforcement) Other directors are representatives of the
founders, Microgaming and Virtual Holdings.
Editor's Notes
Trident Entertainment Group Ltd. (http://www.tridentegroup.com)
Operates King Neptune's Casino, Trident Lounge Casino, Vegas USA
Casino and Trident Poker. All three casinos and Trident Poker provide
Microgaming Software Systems' state-of-the-art software and are
licensed by Kahnawake Gaming Commission, operating under the
Commission's regulations. Trident Entertainment Group has built a
strong reputation for ethical business conduct and is well respected
by the gaming industry and players alike. In November, the Trident
Group swept the GOM Awards taking the 2003 GOM Winners Choice and
Editors Pick including Top Casino Group, Top New Site and Top Payouts
awards.
King Neptune's features the latest Microgaming Viper software and
offers both download and flash builds including progressive jackpot
games, slots, power pokers and more. King Neptune's Casino won the
'Best Themed Casino 2003' award by Casinomeister. The group provides
a high level of round-the-clock, toll-free telephone, e-mail and Live
Chat Support to all its casino and poker players.
ots Original Text Service: Trident Entertainment Group Ltd.
Internet: www.newsaktuell.ch/f

Contact:

press@tridentegroup.com
Telephone: 1-866-931-0880 (Toll free US/Canada)
Fax: 1-866-931-0131