History of online gambling
It actually took more than 200 years from the opening of the first casino opened in Baden in year 1765 before online casinos began to enter the scene of the fruitful industry. Yet, it was more than worth the wait.
The first online casino became popular in 1996. However, the history of online gambling can actually be traced back to the year 1994. This was the year that the governing body of Antigua and Barbuda passed “The Free Trade and Processing Zone Act” to keep up with the vibrant entertainment lifestyle of this tiny Caribbean hideaway. Since then, Internet casinos had fast become a way of life for people all over the world. The act was crucial since it provided a safe harbor for offshore online casinos and licenses where then granted to online operations that wanted to open on the Internet.
At the very same year, the Microgaming (MG) also came into existence, which is one of the most popular software developers for online gambling up to date. Together with their Viper software, they rank as one of the most sought after by many online gamblers for its superb innovation and realistic graphics. The CryptoLogic is also one of those unsurpassed softwares that take premium in the security they offer in their software products. Because of these large software developers of online casino, online gambling could now be readily available to you in your computer terminals regardless of your physical location. Two years after the hard work of companies like MG and CL, the Inter Casino has then opened its virtual doors in a fateful day on October of 1996. Another two years more and then we saw online casinos sprouting up everywhere, as well as better software programs and other countries offering licenses like Antigua. At about the same time also, Migrogaming also introduces the first-ever progressive jackpot which was then called Cash Splash.
Speed up to our times now, we can see the online gambling industry flourishing. In year 2001 alone, the industry showed no signs of stopping as can be seen in their polls showing that over 8 million customers had tried online gambling while some of the better internet casinos average over 500,000 accounts. By year 2003, the online gambling revenues were studied to have topped $5 billion. Surely, by 2009, it is estimated that revenues will then approach $17 billion. It’s just a matter of time before you’ll join in, more and more, to the bandwagon.
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