The 1st online casino exposed in 1996 and is still around today. In reality, there are many casinos that exposed the initial few years that gambling has been on the Internet (and hundreds since), which makes it one of the very most successful online industries ever. Nonetheless it wasn’t always success and easy roads for the online casino industry, as you will soon see.
Even before InterCasino opened their virtual doors in 1996, there was a huge amount of opposition. Lawmakers and anti-gambling groups lined as much as take their pot shot at the upcoming online casino openings. But once the High Commission of Antigua and Barbuda in the West Indies passed the “Free Trade and Processing Zone Act”, the pieces were in position to produce online casino history. They started the Division of Gaming to provide out the initial official jurisdictional licenses to ensure that potential operators could now legally start their online casinos. Since the US and other big countries refused to provide out these licenses, this is a huge section of online casino history.
Luckily ever since then, some other jurisdictions have started issuing licenses all over the world, including Canada, the UK and more. But that list stops lacking the United States, which still steadfastly refuses to issue licenses.
The very first online casinos were met with plenty of skepticism, as sending information like bank cards, names and addresses on the internet was still met with plenty of suspicion. Online casinos were considered to be shady or run by the mob. Slow connections meant stalled programs and graphics and a lack of quality software providers in the fledgling industry meant plenty of stalled platforms.
Enter CryptoLogic and Microgaming, two online casino history pioneers. CryptoLogic went out of the way to offer encryption technology to the online casinos, meaning that sensitive information like charge card numbers were now safe from hackers. Microgaming was one of many first and still one คาสิโนออนไลน์ เครดิตฟรี 100 บาท of the finest software providers, making crisp graphics and realistic sound when these things were still hard to come by online. Cable modems and DSL lines made it faster and more convenient to begin downloading software, with less lag and connection problems.
All that was left to complete was to earn trust, which started happening in 1999. That has been the season that Microgaming, in an endeavor to exhibit the honesty of all online casinos, struck an agreement with PriceWaterhouseCoopers, one of the very most famous and honest accounting firms in the world. PWC agreed to begin auditing the online casinos’ payout percentages, to prove that they did indeed payout large sums of money- in many cases, more than Las Vegas casinos.
Due to most of these developments, the new millennium started the Golden Age for online casinos. The very first IPO for online casino stock became available, more jurisdictions came online and the initial Progressive Jackpots awarded millions to lucky customers. Business was booming.
Soon after, Poker started to dominate the airwaves, and Poker Rooms, many connected with online casinos, became all of the rage. With the boom in online Poker Room technology, the online casino industry took in billions in 2004, with profits anticipated to triple and maybe even quadruple by 2010.
Unfortunately, there will continue being far more to create about online casino history later. This is because the industry continues to have opposition in many camps, which shows no sign of stopping. People like Senator Jon Kyl of Arizona introduce bill after bill trying to turn off online casinos, make it illegal for US citizens to play at them, or at the very least ban US bank cards from getting used to fund online casino gambling.
Though none of the measures has ever passed, they continue being introduced. With the surge in popularity lately, though, it doesn’t appear to be they will make much headway. Hopefully, this means that the following chapter of online casino history has more bright spots than legal ones.
