A brief history of online casinos
As early as 2000, the boom in the development of modern technology and the use of the Internet by a larger layer of people led to a real revolution in the consumption habits of users. This was, moreover, the time when a lot of online casinos appeared on the Internet, offering services that were the same as those offered by real casinos. In addition, they were much more advantageous, both materially and in terms of discretion. As a result, the online casino gaming market has experienced an “explosion” in recent years, and now it is possible for everyone to play Roulette, Craps or even Slots with the help of a personal computer and an Internet connection.
Nowadays, the online casino gaming 12 Joker online casino industry presents itself as a complex network of connections between various operators, all with the aim of creating a perfect gaming experience for customers around the world. However, the beginnings of online casinos have been a little more difficult, and it took over two decades to get to this point, with the help of continued expansion, improved technology and reliable services.
The beginnings of online casino games
But let’s present some data from the history of online casinos. It all started with a first step that was done in Antigua and Barbuda. In 1994, the Caribbean nation became the first country to legalize online casinos and made it possible for operators to obtain licenses in accordance with this jurisdiction.
The following year, in 1995, Cryptologic responded to the demand for online transaction security, and Microgaming launched its first real-world online casino blackjack malaysia game in October.
However, only two years after the first online casino appeared, in 1996, the first cash bet on online casino games took place, at InterCasino having the first customers in its collection of 18 games. A little later in the same year, the Kahnawake Gaming Commission was formed for several regulations.
In 1998, the first progressive slot entered the scene, with Microgaming launching Cash Splash. Also in the same year, the industry saw its first poker room on the internet and by the end of the year, there were more than 700 online casinos that had real money bets.
By the year 2000, online casinos were generating $ 2.2 billion in revenue. In 2001, several major jurisdictions began licensing an international industry, with the help of the Isle of Man, Gibraltar and Alderney.
The heyday of the online casino gaming industry came in 2005, the same year that the UK passed the most liberal casino gaming legislation in Europe.
However, the development of sites that offer online casino games has led to a number of problems. They began shortly after the industry received a huge blow in 2006 with the passage of UIGEA, making it illegal for banks to process online gambling transactions .
In 2008, estimates showed that online casino gaming revenue reached $ 21 billion worldwide. Statistics show that just two years later, in 2010, more than 860 online casinos were available to customers.
In April 2011, the US government cracked down on major online poker rooms and banned them in the country. The mobile casino gaming boom took place in 2013, with more than $ 10 billion in mobile betting revenue.
Online casinos offer the same casino games available in the live version, which in turn have the great advantage of much increased accessibility. Players around the world no longer have to travel to Las Vegas or Macao to participate in casino games. The live games variant is much more exciting. The online casino gaming industry has attracted far more players than even real casinos, becoming a real competitor to them. Many of the regular casinos noticed this huge opportunity early on and opened online versions of that brand.
That would be, in short, the history of online casinos, and the huge amounts that are traded with their accounts. They are constantly evolving, because they need not only to keep their customers, but also to attract new ones. Therefore, it requires a lot of investment, not only in the software used, in the security and bonuses offered. And they don’t seem to stop here.