History and Development of Online Casinos

Home » Money Casinos » History and Development of Online Casinos

The rapid development of modern technologies made really fantastic things a part of our everyday life. The World Wide Web connects the majority of the people on the planet thought it appeared less than 25 years ago. With the help of the Internet, we communicate, work and have fun. Let’s talk about the appearance of online casinos.

First Portent

In 1994, the British company Microgaming created the first platform for a network gambling establishment, on which it was already possible to build a full-fledged online casino. There is no exact release date of the site that provided gambling for money but about 15 projects were there in 1996.

In 1994, Antigua and Barbuda issued a law so that one could legally obtain a license to provide gambling from this country.

In 1997, a first online betting office appeared and the largest corporations quickly saw the huge potential of the network gambling market. That’s when the gambling industry started to develop greatly.

Progressive Jackpot

A year later casinos got another know-how. It was progressive jackpot. And it stimulated the popularity of online casinos even more as a certain percentage of the money lost was accumulated in a single prize pool. And this pool could further be won by any player!

Competition

Online gambling market drew a new player in 1999. A new and young player, Playtech, came to more the “old kings”, that are Microgaming and Cryptologic. The newcomer managed to burst into the gambling and fast became one of the most sought-after corporations in this market segment. This serious competition led to the increasing of the maximum winning. In 2001 the record was $415k and a year later it was $1.5 million. Now it’s easy to win even $10 million there.

History and Development of Online Casinos

Safety

This newly formed market segment was not regulated by the authorities and the gamblers could rely only on the decency and honesty of the casinos. In 2002, the eCOGRA (eCommerce Online Gaming Regulation and Assurance) was formed. And it was the eCOGRA that took the responsibility of creating common standards in the online gambling industry, certification of online casinos and advocating for the interests of players. Another guarantee of honesty is PricewaterhouseCoopers (PwC), that is one of the four most rated auditors on the planet. 

First Problems

The year 2003 set the bar for the online casinos very high as the total turnover of all online casinos in the world exceeded the $8.5 billion and the biggest part of this amount of money was received from the United States. The USA had been wanting to promote the bill on regulating online gambling for a long time, but in 2006, the current president of the country, George Bush, made a very eradicative decision. He forbade gambling on the Internet on the legislative level. The democrats tried to cancel this decree but the real movement has started only recently. It was another push for the online casinos.

Current prospects

Nowadays there are more than 15 thousand gambling facilities online. The range of services offered is several times higher than the list of available games in usual gambling houses. And in addition, some online casinos support the game with the real-time croupiers. 

Online gambling is still banned in many countries. Yes, there is a dark side here. Some people have ludomania or gambling addiction and the availability of casino can make it even worse. But on the bright side, the legalization of the online casinos can attract more money to the government coffers.

20 Replies to “History and Development of Online Casinos”

  • fruidly says:

    levitra bucodispersable efectos secundarios https://cheapcialisll.com/ – online cialis pharmacy viagra en farmacia is generic cialis available Amoxicilline Posologie Angine

  • Tiffany says:

    Hey there! Do you know if they make any plugins to safeguard against hackers?
    I’m kinda paranoid about losing everything I’ve worked hard on. Any suggestions?

    Here is my website :: first g

  • Harris says:

    Hello, i read your blog from time to time and i own a similar one and i was just curious if you get a lot of
    spam comments? If so how do you reduce it, any plugin or anything you can recommend?
    I get so much lately it’s driving me mad so any support is very
    much appreciated.

    Look at my page … many g

  • Emerson says:

    Definitely believe that which you said. Your favorite justification seemed to be on the internet the easiest
    thing to be aware of. I say to you, I certainly get annoyed while
    people think about worries that they just do not know about.
    You managed to hit the nail upon the top and
    defined out the whole thing without having side-effects , people can take a signal.
    Will likely be back to get more. Thanks

    My web site … even g

  • Reda says:

    Cbd oil that works 2020
    Hi, constantly i used to check blog posts here in the early hours in the morning,
    because i love to gain knowledge of more and more.
    best cbd oil for pain http://tinyurl.com/cbd-oil-that-works-2020
    cbd oil that works 2020 http://tinyurl.com/cbd-oil-that-works-2020

  • Tresa says:

    cbd oil that works 2020
    bookmarked!!, I love your site! best cbd oil for pain http://tinyurl.com/cbd-oil-that-works-2020 cbd oil
    that works 2020 http://tinyurl.com/cbd-oil-that-works-2020

  • Williemae says:

    Wonderful post but I was wondering if you could write a litte more on this subject?

    I’d be very thankful if you could elaborate a little bit further.
    Appreciate it!

    My page – cbd oil – tinyurl.com,

  • Antoine says:

    You actually make it seem so easy with your presentation but I find this topic to be really something that I think I would never understand.

    It seems too complicated and extremely broad for me.
    I’m looking forward for your next post, I will try to get the
    hang of it!

    Here is my homepage cbd oil – http://feedingkids.tv,

  • Aileen says:

    Does your blog have a contact page? I’m having a tough time locating it but, I’d like to send you an email.
    I’ve got some ideas for your blog you might be interested
    in hearing. Either way, great site and I look forward to seeing it expand over time.

    Visit my web page … cbd oil (http://tinyurl.com)

  • June says:

    Hello there! I could have sworn I’ve visited
    this site before but after going through many of the posts I realized it’s new to
    me. Nonetheless, I’m definitely happy I discovered it and I’ll
    be book-marking it and checking back frequently!

    Also visit my site: cbd oil that works 2020

  • Myrtis says:

    It’s very straightforward to find out any topic on web as
    compared to textbooks, as I found this piece of writing at this site.

    Also visit my blog: cbd oil that works 2020

  • cialis online says:

    Contact Rayhhealthcare Kanounat https://ascialis.com/# – buy cialis online overnight shipping Rulfulasyday What Is Amoxicillin Antibiotic For diommect cialis generic online montouccitte Achat En Ligne Viagra Pfizer En Fort

  • Jerold says:

    Your style is so unique compared to other folks I have read stuff from.
    I appreciate you for posting when you have the opportunity, Guess I’ll just book mark this blog.

    Also visit my page – content hosting

  • Nona says:

    Oh my goodness! Awesome article dude! Thank you
    so much, However I am experiencing difficulties with your RSS.
    I don’t know the reason why I cannot join it. Is there
    anyone else getting the same RSS problems? Anyone that knows the answer can you kindly respond?

    Thanks!!

    Feel free to surf to my webpage web hosting companies

  • Barb says:

    Very good blog you have here but I was curious if
    you knew of any message boards that cover the same topics discussed here?
    I’d really like to be a part of online community where I can get advice from other knowledgeable individuals that share the same interest.
    If you have any suggestions, please let me know. Appreciate
    it!

    my homepage … webhosting

  • Novella says:

    Can you tell us more about this? I’d love to find out some additional information. adreamoftrains website hosting services best
    web hosting 2020

  • Lashunda says:

    Wonderful blog! I found it while searching on Yahoo News. Do you
    have any tips on how to get listed in Yahoo News?
    I’ve been trying for a while but I never seem to get there!
    Many thanks

    Check out my web blog content hosting

  • Verlene says:

    I like looking through an article that can make men and women think.
    Also, thanks for allowing for me to comment!

    Feel free to surf to my website: website hosting

  • Wade says:

    Hi there would you mind stating which blog platform you’re using?
    I’m going to start my own blog in the near future but I’m having
    a tough time selecting between BlogEngine/Wordpress/B2evolution and Drupal.

    The reason I ask is because your design seems different then most blogs and I’m looking for something unique.
    P.S Apologies for being off-topic but I had to ask!

    my web blog web host

  • Merle says:

    It’s amazing to visit this web site and reading the
    views of all friends regarding this piece of writing, while I am
    also zealous of getting experience. adreamoftrains best hosting best website hosting

Leave a Reply

Your email address will not be published.