Track record with Online Casinos

The 1st online casino opened up in 1996 and is still around today. Actually, there are several casinos that opened up the very first couple of years that gambling has been on the Internet (and hundreds since), rendering it one of the most successful online industries ever. However it wasn’t always success and easy roads for the web casino industry, as you will soon see.

Even before InterCasino opened their virtual doors in 1996, there is a ton of opposition. Lawmakers and anti-gambling groups lined as much as take their pot shot at the upcoming online casino openings. But when 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 produce online casino history. They started the Division of Gaming to offer out the very first official jurisdictional licenses in order that potential operators could now legally open up their online casinos. Because the US and other big countries refused to offer out these licenses, this can be a huge part of online casino history.

Luckily ever since then, other jurisdictions have started issuing licenses all around the world, including Canada, the UK and more. But that list stops lacking the United States, which still steadfastly will not issue licenses.

The very first online casinos were met with lots of skepticism, as sending information like charge cards, names and addresses online was still met with lots 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 lots of stalled platforms.

Enter CryptoLogic and Microgaming, two online casino history pioneers. CryptoLogic sought out of the way to supply encryption technology to the web casinos, meaning that sensitive information like charge card numbers were now safe from hackers. Microgaming was among the first and still one คาสิโนออนไลน์ เครดิตฟรี 100 บาท of the finest software providers, making crisp graphics and realistic sound back when these things were still hard to come by online. Cable modems and DSL lines managed to get faster and far more convenient to begin downloading software, with less lag and connection problems.

All that has been left to do was to earn trust, which started happening in 1999. That was the entire year that Microgaming, in an endeavor to show the honesty on most online casinos, struck an agreement with PriceWaterhouseCoopers, one of the most famous and honest accounting firms in the world. PWC agreed to begin auditing the web casinos’ payout percentages, to prove which they did indeed payout large sums of money- oftentimes, a lot more than Las Vegas casinos.

Due to all of these developments, the newest millennium started the Golden Age for online casinos. The very first IPO for online casino stock became available, more jurisdictions came online and the very first Progressive Jackpots awarded millions to lucky customers. Business was booming.

Right 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 web casino industry took in billions in 2004, with profits likely to triple and maybe even quadruple by 2010.

Unfortunately, there will continue to be a lot more to create about online casino history later. This is because a continues to possess opposition in lots of camps, which shows no sign of stopping. People like Senator Jon Kyl of Arizona introduce bill after bill attempting to turn off online casinos, allow it to be illegal for US citizens to play at them, or at least ban US charge cards from being used to fund online casino gambling.

Though none of those measures has ever passed, they continue to be introduced. With the surge in popularity lately, though, it generally does not look like they’ll make much headway. Hopefully, which means that the following chapter of online casino history has more bright spots than legal ones.

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