Mon-Sat: 8.00-10.30,Sun: 8.00-4.00
History of Online Casinos
Home » Uncategorized  »  History of Online Casinos
History of Online Casinos
The very first online casino was launched in 1996, and it's still in operation today. There are a number of casinos that were launched in the initial years of gambling online Internet (and hundreds of casinos since) which makes it one of the most profitable online businesses ever. However, it wasn't always easy and success for the industry of online casinos as you'll soon discover. Before InterCasino began their online casino in 1996 there was plenty of opposition. Anti-gambling and law enforcement groups were lining up to take a pot shots at the planned casinos that would be opening online. However, once the High Commission of Antigua and Barbuda in the West Indies passed the "Free Trade and Processing Zone Act" The pieces were put in place to create the history of online casinos. They established with the Division of Gaming to give out the first official jurisdictional licenses , so that operators who were interested could legally launch their online casinos. Since the US and other major nations refused to issue these licenses, it is an important part of the history of online casinos. Since then, a number of other jurisdictions have begun issuing licenses across the globe which includes Canada and the UK and many more. However, none of these countries are part that of United States, which still is adamantly refusing to issue licenses. Visit:- The first casinos that were online were received with lots of doubt, since sending sensitive details like credit card numbers names, addresses and names over the internet was also met with a lot of suspicion. Casinos online were believed to be fraudulent or operated through the mob. The slow connection caused stalled programs and graphics , and a dearth of reputable software vendors in the nascent business led to a number of slow-moving platforms. Enter CryptoLogic as well as Microgaming Two online casinos pioneers in history. CryptoLogic was the first to go to great lengths to offer encryption technology to the casinos online, which meant that sensitive data such as credit card numbers are now secure from hackers. Microgaming was among the very first and is still one of the top software companies, offering clear graphics and real-sound in the days when these features were not readily available from on the internet. The cable modem and DSL cables made it easier and easier to begin downloading software, and with lower lag and less connection issues. All they had to do was earn trust, and this began in the year 1999. That was the year that Microgaming, in an effort to show the honesty of most online casinos, struck an agreement with PriceWaterhouseCoopers, one of the most famous and honest accounting firms in the world. PWC has agreed to begin reviewing online casinos' payout percentages to show that they did actually pay out large amounts of money- in some instances, much more that Las Vegas casinos. Due to all these changes, the new millennium began with the Golden Age for online casinos. First IPO for casino stocks was made available, and more jurisdictions were opened as well as the very first progressive jackpots were awarded millions of dollars to lucky players. The business was flourishing. Then, Poker started to dominate the airwaves, and Poker Rooms that were often associated to online casino sites, were popular. Due to the explosion of the popularity of online Poker Room technology, the online casinos made millions in 2004 and profits predicted to double and even quadruple by 2010. There is bound to be plenty to be written about online casino the past. The reason for this is that the industry is still facing opposition from several camps, and isn't slowing down. Some like Senator Jon Kyl of Arizona introduce bills after bills that seek to stop online casinos and make them illegal to US citizens to gamble at casinos, or at the very least prohibit US credit card transactions to pay for casinos online. Although none of these laws have been passed however, they are still being proposed. Due to the booming popularity of online casinos recently, however it doesn't seem that they'll make any progress. This could mean that the next phase in the history of online casinos will have more positive aspects than the legal ones.  

Leave a Reply

Your email address will not be published. Required fields are marked *