|Michael Hirst OBE, the independent chairman of eCOGRA has announced the appointment of Swedish national Karl Magnusson (30) to the board of directors of the online gambling self-regulatory body.|
Magnusson is a director of software developer Ongame in Stockholm, Sweden, which powers successful ventures such as PokerRoom.com. He is also a director of UK companies Ongame Limited and Nordicone Limited and has extensive financial and general management experience with major organisations like ABN Amro's Alfred Berg AssetManagement and the financial statistics department of the government of Sweden.
'We welcome Karl's membership of eCOGRA's board of directors,' said Hirst. 'He brings valuable financial and management expertise which complements the high calibre of professional management capability eCOGRA already has in its independent directorate through respected figures such as Bill Galston and Frank Catania, together with leading industry executives John Anderson of Cassava and Roger Raatgever of Microgaming.'
Ongame recently became the third major online gambling software company to join the eCOGRA self-regulatory initiative, which seeks to protect players through the 'Play It Safe' seal on 56 top online casino and poker room sites. eCOGRA's members now account for over 80% of the online casino industry's turnover, and provide software to 3 of the top 6 poker networks.