Story for Online Casinos
The very first online casino opened in 1996 and is still around today. Actually, there are many casinos that opened the very first several years that gambling has been on the Internet (and hundreds since), rendering it one of the very successful online industries ever. However 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 clearly was a lot of opposition. Lawmakers and anti-gambling groups lined up to 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 place to make online casino history. They started the Division of Gaming to offer out the very first official jurisdictional licenses so that potential operators could now legally open up their online casinos. Considering that the US and other big countries refused to offer out these licenses, this is a huge element of online casino history.
Luckily since then, many jurisdictions have started issuing licenses all over the world, including Canada, the UK and more. But that list stops short of the United States, which still steadfastly will not issue licenses.
The very first online casinos were met with plenty of skepticism, as sending information like credit cards, names and addresses over the internet was still met with plenty of suspicion. Online casinos were regarded as shady or run by the mob. Slow connections meant stalled programs and graphics and too little quality software providers in the fledgling industry meant plenty of stalled platforms.
Enter CryptoLogic and Microgaming, two online casino history pioneers. CryptoLogic went of the way to offer encryption technology to the online casinos, and therefore sensitive information like charge 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 more convenient to begin downloading software, with less lag and connection problems.
All which was left to do was to earn trust, which started happening in 1999. That has been the year that Microgaming, in an endeavor to show 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 begin auditing the online casinos’ payout percentages, to prove they did indeed payout large sums of money- in many cases, a lot more than Las Vegas casinos.
Due to most of these developments, the brand 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 very first Progressive Jackpots awarded millions to lucky customers. Business was booming.
Right after, Poker began 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 online casino industry took in billions in 2004, with profits likely to triple and possibly even quadruple by 2010.
Unfortunately, there may continue being a lot more to create about online casino history later. The reason being a continues to have opposition in lots of camps, which shows no sign of stopping. People like Senator Jon Kyl of Arizona introduce bill after bill trying to power down online casinos, ensure it is illegal for US citizens to play at them, or at the least ban US credit cards from getting 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 does not seem like they’ll make much headway. Hopefully, which means another chapter of online casino history has more bright spots than legal ones.