History of Online Casinos

The very first online casino opened in 1996 and is still around today. Actually, there are many casinos that opened up the first couple of years that gambling has been online (and hundreds since), which makes it one of the most successful online industries ever. Nevertheless, it was not always success and simple streets for the online casino business, as you’ll soon see.

Even before InterCasino opened their virtual doors in 1996, there was a ton of opposition. Lawmakers and anti-gambling groups lined up to take their pot shot at the approaching internet casino openings. But after the High Commission of Antigua and Barbuda in the West Indies passed the”Free Trade and Processing Zone Act”, the pieces were in place to create online casino history. They started the Division of Gambling to give out the first official jurisdictional licenses so that prospective operators could now lawfully open up their online casinos. Since the US and other large countries refused to give out these permits, this is a massive portion of online casino history คาสิโนออนไลน์.

Fortunately since then, many other jurisdictions have started issuing licenses all over the world, including Canada, the UK and more. But that record stops short of the USA, which still steadfastly refuses to issue licenses.

The very first online casinos have been met with a great deal of skepticism, as sending info such as credit cards, addresses and names over the internet was still met with a great deal of suspicion. Online casinos have been thought to be unethical or run from the mob. Slow connections meant stalled apps and images and a scarcity of quality software providers from the fledgling sector meant a lot of stalled platforms.

Input CryptoLogic and Microgaming, two online casino history pioneers. CryptoLogic went out of their way to provide encryption technologies to the online casinos, which means that sensitive data like credit card numbers were safe from hackers. Microgaming was among the very first and still among the best software providers, making crisp images and realistic sound back when these things were still hard to come by online. Cable modems and DSL lines made it quicker and more convenient to start downloading applications, without lag and connection issues.

All that has been left to do would be to earn confidence, which began happening in 1999. This was the year that Microgaming, in a bid to show the honesty of the majority of internet casinos, struck an agreement with PriceWaterhouseCoopers, among the most well-known and honest accounting firms in the entire world. PWC agreed to start auditing the online casinos’ payout percentages, to demonstrate that they did indeed payout large sums of cash – in many cases, over Las Vegas casinos.

Due to all these developments, the new millennium started the Golden Age for online casinos. The first IPO for internet casino stock became accessible, more jurisdictions came on the internet as well as also the first Progressive Jackpots awarded millions to lucky customers. Business was booming.

Soon after, Poker started to dominate the airwaves, and Poker Rooms, many affiliated with online casinos, became all the rage. With the boom in online Poker Room technology, the internet casino sector took in billions in 2004, with earnings expected to triple and perhaps even quadruple by 2010.

Regrettably, there’ll continue to become much more to write about online casino history afterwards. This is because the sector continues to have opposition in many decks, which shows no sign of quitting. Folks like Senator Jon Kyl of Arizona introduce bill following bill trying to close down online casinos, also make it illegal for US citizens to play at them, or at least ban US credit cards from being used to finance online casino gambling.

Though none of the measures has ever passed, they continue to be introduced. With the surge in popularity recently, though, it doesn’t seem like they can make much headway. Hopefully, this means that the next chapter of online casino history has much more bright spots than legal ones.

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