The past about Online Casinos

The very first online casino opened in 1996 and remains to be today. In fact, there are many casinos that opened the initial couple of years that gambling has been on the Internet (and hundreds since), which makes it one of the very successful online industries ever. However it wasn’t always success and easy roads for the internet casino industry, as you will quickly see.

Even before InterCasino opened their virtual doors in 1996, there was a ton of opposition. Lawmakers and anti-gambling groups lined around take their pot shot at the upcoming online 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 position to create online casino history. They started the Division of Gaming to give out the initial official jurisdictional licenses so that potential operators could now legally start their online casinos. Because the US and other big countries refused to give out these licenses, this is a huge element of online casino history.

Luckily since then, several other jurisdictions have started issuing licenses throughout the world, including Canada, the UK and more. But that list stops short of the United States, which still steadfastly refuses to issue licenses.

The first online casinos were met with plenty of skepticism, as sending information like charge cards, names and addresses on the internet was still met with plenty of suspicion. Online casinos were thought 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 provide encryption technology to the internet casinos, and thus sensitive information like credit card numbers were now safe from hackers. Microgaming was one of the first and still one คาสิโนออนไลน์ เครดิตฟรี 100 บาท of the greatest software providers, making crisp graphics and realistic sound when these exact things were still hard in the future by online. Cable modems and DSL lines caused it to be faster and easier to start downloading software, with less lag and connection problems.

All that has been left to complete was to earn trust, which started happening in 1999. That was the year that Microgaming, in an attempt showing the honesty of most online casinos, struck an agreement with PriceWaterhouseCoopers, one of the very famous and honest accounting firms in the world. PWC agreed to start auditing the internet casinos’ payout percentages, to prove that they did indeed payout large sums of money- oftentimes, significantly more than Las Vegas casinos.

Because of many of these developments, the newest millennium started the Golden Age for online casinos. The 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.

Immediately after, Poker started initially to dominate the airwaves, and Poker Rooms, many associated with online casinos, became most of the rage. With the boom in online Poker Room technology, the internet casino industry took in billions in 2004, with profits likely to triple and possibly even quadruple by 2010.

Unfortunately, there may continue being a great deal more to publish about online casino history later. The reason being a continues to have opposition in many camps, which shows no sign of stopping. People like Senator Jon Kyl of Arizona introduce bill after bill attempting to power down online casinos, allow it to be illegal for US citizens to play at them, or at the least ban US charge cards from being used to fund online casino gambling.

Though none of these measures has ever passed, they continue being introduced. With the surge in popularity lately, though, it generally does not seem like they will make much headway. Hopefully, which means that the next chapter of online casino history has more bright spots than legal ones.

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