The very first online casino opened in 1996 and remains to be today. In reality, there are several casinos that opened the first couple of 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 web 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 up to 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 first official jurisdictional licenses in order that potential operators could now legally open up their online casinos. Since the US and other big countries refused to give out these licenses, this is a huge element of online casino history.
Luckily ever since then, many jurisdictions have started issuing licenses throughout the world, including Canada, the UK and more. But that list stops lacking the United States, which still steadfastly won’t issue licenses.
The very first online casinos were met with a lot of skepticism, as sending information like credit cards, names and addresses on the internet was still met with a lot 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 a lot of stalled platforms.
Enter CryptoLogic and Microgaming, two online casino history pioneers. CryptoLogic went of these way to offer encryption technology to the web casinos, and thus sensitive information like bank card numbers were now safe from hackers. Microgaming was one of many first and still one คาสิโนออนไลน์ เครดิตฟรี 100 บาท of the best software providers, making crisp graphics and realistic sound when these exact things were still hard ahead by online. Cable modems and DSL lines made it faster and far 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 was the entire year that Microgaming, in an effort to exhibit the honesty on 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 web casinos’ payout percentages, to prove they did indeed payout large sums of money- oftentimes, more than Las Vegas casinos.
Due to many 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 first Progressive Jackpots awarded millions to lucky customers. Business was booming.
Immediately after, Poker began to dominate the airwaves, and Poker Rooms, many connected 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 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 possess opposition in lots of camps, which shows no sign of stopping. People like Senator Jon Kyl of Arizona introduce bill after bill wanting to shut down online casinos, ensure it is illegal for US citizens to play at them, or at least ban US credit cards from 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 look like they’ll make much headway. Hopefully, this means that the next chapter of online casino history has more bright spots than legal ones.