The very first online casino opened up in 1996 and remains operating. In actual fact, there are several casinos that launched in the initial years of gambling on the Internet (and hundreds of casinos since), making it one of the biggest and most successful online businesses ever. But it was not always success and easy roads for the industry of online casinos as you’ll soon discover.
Prior to when InterCasino began their online casino in 1996, there was a ton of opposition. Lawmakers and anti-gambling groups formed a line to take their pot shots at the coming online casino openings. However, once the High Commission of Antigua and Barbuda in the West Indies passed the “Free Trade and Processing Zone Act” all the pieces were in place to make an online casino a landmark. They started the Division of Gaming to give out the first jurisdictional licenses that were officially issued so that operators who were interested could legally open up their online casinos. Since the US and many other large nations refused to issue these licenses, this is an important part of the history of online casinos. Visit:- https://antiguabarbuda.com/
Since then, several other countries have begun to issue licenses around the globe and include Canada, the UK and more. The list of jurisdictions isn’t complete from the United States, which still remains steadfastly opposed to granting licenses.
The first casinos that were online were met with a lot of suspicion, as the sending of information such as credit card numbers names, addresses and names over the internet was still viewed with a lot of suspicion. The idea of online casinos was to be shady or run in the hands of the mob. The slow connection caused stalled programs and graphics . Also, a lack of top-quality software providers in the fledgling industry meant a lot of slow-moving platforms.
Enter CryptoLogic alongside Microgaming, two online casino historical pioneers. CryptoLogic was the first to go to great lengths to offer encryption technology to the online casinos, meaning that sensitive data such as credit card numbers would be protected from hackers. Microgaming was among the first and remains one of the most reliable software companies, offering clear graphics and real-sound at a time when these were still hard to come via on the internet. The cable modem and DSL connections made it quicker and more convenient to start downloading software, and with lower lag and less connection issues.
The only thing left for Microgaming to do was build trust, and this began in 1999. That was the year that Microgaming, in an effort to show the honesty of most online casinos, struck an agreement with PriceWaterhouseCoopers, one of the most famous and honest accounting firms in the world. PWC began an audit of online casinos’ payout percentages, to prove that they did indeed pay large sums of money. In many cases, even more than Las Vegas casinos.
In light of these changes, the new millennium began what was known as the Golden Age for online casinos. When the first IPO for stock of online casinos was launched, new jurisdictions came online and the first Progressive Jackpots was awarded millions of dollars to lucky players. The industry was growing.
After a while, Poker started to dominate the airwaves, and Poker Rooms which are often affiliated by online casinos became popular. Thanks to the growth of online Poker Room technology, the online casino industry took in billions during 2004, and profits predicted to double and even quadruple in 2010.
Unfortunately, there will continue to be much more to be written about online casino history later. This is due to the fact that the industry continues to face opposition from many camps, which isn’t slowing down. The likes of Senator Jon Kyl of Arizona introduce bills after bills that seek to stop online casinos, make them illegal to US citizens to gamble at casinos, or at the very least ban US debit cards being utilized to pay for casinos online.
While none of these policies has ever passed however, they are still being put forward. Because of the increased popularity in recent times it’s not looking as if they’ll make much progress. This could mean it is likely that the next part in online casino history will be filled with more opportunities for growth than the legal ones.