Tag Archives: history
Online Casino History A Brief History of Success
A Brief Account of Initial Days of Online Gambling
Online casino history started in the decade of 1990. In the year 1995, the first ever online casino hit the market and marveled everyone. The name of this internet based casino was Internet Casinos Inc. (in short, ICI). The first ever virtual casino was launched on 18th August 1995. During the initial phase this company started to operate from the islands of Caicos and Turks. Internet Casinos Inc. started its operation outside America because they feared prosecution from the Government of United States of America.
Tell Us Something More About the History of Virtual Betting
What is the total duration of the online casino history? The answer of this question is 10 years. Casinos have always been popular among human world. However, a gambling aficionado has to travel long distances to play and enjoy the fun of gambling. Online casinos have helped these betting lovers to enjoy the games right from their home. Thus, you dont have to move from one place to another to play the virtual casino games. Some of these characteristic features of virtual casinos make it immensely popular among gambling aficionados.
Is online casino history absolutely smooth? Wasnt there any hiccup in the entire history of internet based gambling? Yes, there were many hindrances in the entire progress path of internet based casinos. The main hindrance that online gambling industry faces is the legal threat to it. Still now, the main hiccup to online betting of USA is UIGEA (Unlawful Internet Gambling Enforcement Act). According to this law, any kind of payments related to online betting is illegal. This law does not make online gambling illegal directly. Consequently, many online casinos have stopped allowing players from America. These are some of the hiccups faced by online gambling industry in the entire online casino history.
Now, Let Us Check The Evolutionary Chronology of Online Casino History
1. In the Year 1994, a new Act was passed by the Government of Antigua-Barbuda, known as The Free Trade and Processing Zone Act, 1994. Many internet based casinos as well as sports-books have license of the same and this license is considered as one of the most popular licenses among the internet based gambling industry.
2. One of the largest providers of software in online betting is Microgaming. It is a huge software development company, which has mastered the techniques of generating software for online betting sites. This company was founded in the year of 1994. In the following year, that is 1995, another software developing giant called Cryptologic was launched.
3. 1996 has special significance in online casino history. In this year, the first internet based casino site that accepts real money was launched. In the month of October of 1996, InterCasino first launched such a virtual casino that deals with real money.
4. First ever gambling related Act was introduced by a US Congress Senator named Jon Kyl. The year was 1998. The name of this Act was Internet Gambling Prohibition Act. According to this, a company will be regarded as illegal if it offers betting services to any American. This Act was not passed by the US Senate. A revised version of this Act was also placed in the US Senate in the following year, i.e. 1999, but this was also voted down by the Senate. In the same year, a renowned company called Frost and Sullivan published a research report and mentioned in it that online gambling has generated a mammoth amount of revenue of US$ 834.5 million.
5. Internet Gambling Prohibition Act was introduced by a Congress representative, Bob Goodlatte, in the US House of Representatives in the year 2000. However, this Act was also voted down and it failed to acquire the required two-third majority vote. In the year 2000, Cryptologic had published their annual report where it was mentioned that 680,000 customers had used their system of electronic payment already. 2000 was an auspicious year for Cryptologic. It got listed in NASDAQ and received the symbol, CRYP.
6. Year 2004 was specifically important for online gambling. In this year itself, WTO (World Trade Organization) ruled against US regarding legal issues and sided with the Government of Antigua-Barbuda. According to WTO, it is unethical and illegal for American government to restrict online gambling because it allows land based casinos as well as horserace-betting sites to operate in US.
In the same year, Christiansen Capital Advisors has shown figures that 51% of the total revenues from online betting across the world (approximately US$ 8.5 Million) came from United States of America itself.
Thus, we can conclude that online casino history is not bed of roses and is full of ups and downs.
Online Casino Games – History of the Online Casino Games
From the past few decades, it has been observed that the online casino games are growing rapidly. Most of the people are interested to play these games to relax their minds and some of them are playing for hue money.However, there is small history behind these online casino games.In earlier days, if you want to play these games, you need to travel to worlds finest cities or your local casino halls.With the advent of internet technology, so many people are playing the games from their comfortable home only. Micro gaming and internet are combined and formed a new version of games called online gambling.In earlier days of internet, most of the manufacturers of these games are introduced so much software for free of cost.After that they have added some E-commerce technologies and pioneer of technology has created some financial transactions in this software, and they launched first real money online casino called Internet Casino.After few years, these online casinos are growing rapidly, and they are improved in both formats like gaming and administrative features.And coming to the Progressive jackpot, there are so many wide ranges of features are available for you,and you are able to play with different players from different countries.And the development in internet has been creating so many options like faster and larger jack pots to the people. And also there are so many utilities are available for you, and sometimes you need to check on their gaming history and financial history.
According to this century, most of the people are interested in these online gambling games, and it is reporting a phenomenal growth and coming to the software it has upgraded their products significantly.With the help of Vegas technology, there are so many online casinos are available for you in the internet. Most of these games are compatible to all operating systems and there does not need to download these games from the web sites.Multi lingual and multi currency are the best options for these online casino games.However, there are some well established originations are providing their valuable services and research to their clients.From the past few years, the advents in these online casino games are continuing without end.However, the government has been declaring some essential rule sand regulations to the online casinos to launder money. You need to consider so many things before selecting the best one for your needs and sometimes, you need to know about the online games and secured online truncations and many more issues.
Finally, there are some well established and experienced web sites are offering these online casino games for their customers.For more information and details, please visit their valuable web site.