Microgaming and the History of Online Gambling
Online casino first appeared on the internet in the mid 1990s. In 1994 Microgaming software was founded and still has the corner market today in many of the online casinos. Microgaming is chip software that runs the various machines found in land and online casinos. There is some debate as to who was the first casino to pop up on the internet and most would say InterCasino first appeared in 1996. However; there are others who claim that Microgaming’s Gaming Club was the first online in 1995.
From the first casino to go live on the internet, casinos continue to improve their operations online and tweak the software, servers and connections that cater to the players on the world wide web. Regardless of slow bandwidth causing connection problems for the players, the still raked in an estimated $834 million in 1998.
Intertops was the first online sports-book to appear in 1996; however they’ve been in operation long before that by taking phone gambling bets since 1983. Intertops is still going strong today and is satisfying over 180 countries with their service. Poker first sprang up early on of 1998 and was facilitated by Planet Poker. Following suit was Paradise Poker in 1999, Party Poker and Poker Stars in 2001. Planet Poker is still in operation; however no longer allow real money to switch hands. By 08 Party Poker had lost the lead in the industry to Poker Stars and Full Tilt Poker, estimated by the number of players online.
The popularity of online casino does not seem to be decreasing since its birth. With state of the art technology, online casinos have the ability of offering real-time play and instant spin capability, thus satisfying all sectors of the casino industry and increasing revenue. The casino software available today is not only advanced for the players extreme enjoyment but is utterly secure.
In 2010 the online casino industry grew by 12. 5% with gross revenues of close to $29. 97 billion, regardless of the perceived recession. The online casino sector grew an estimated 13. 3% in 2010 and brought in an estimated $2. 67 billion. ทางเข้า ufabet มือถือ The most money triggering the casino revenue online is generated by sports playing at about $12 billion.
Online bingo took the lead in being the fastest growing sector for 2010, estimated at 28. 4% growth and to the tune of $2. 67 billion. Although poker is the most talked about, it was deemed the slowest growing online casino sector which generated about $5 million.
In 2006 many of the online casino companies decided not to allow USA players spend some money in their establishments anymore due to the uncertainty regarding laws of offshore casino, following the passing of the Outlawed Internet Casino Enforcement Act. There was a great debate regarding different states that were legally able to gamble and those who were not. Many of the casinos revised their policies regarding USA play consequently and now the majority of online casino establishments will again accept USA players.