Gambling on the Internet: A Historical Survey
The history of online gaming's short, but sweet. The whole thing started in 1994 to when the Board of Antigua Barbuda the "Free Trade and Processing Zone Act released. This law allowed the issuing of licenses to persons or companies, Internet Casino open one wanted to.
Although the law was passed, there was no software with which the online casino gambling one would have been possible. For example, in the same year the company was born and soon became the Microgaming software maker CryptoLogic followed very much. Both companies are now giants of the Internet gaming world as both developed and diligent software and security technologies, so that in 1996 first online casino players in the world lobby their doors opened.
The years 1996-1998 showed an incomparable growth in the online gaming world. This was due to a number of factors. First, the speed of access to the Internet grew in these years is unprecedented in the history of technology. Secondly, the number of online casinos with an enormous speed, so that additional demand more and more resources in software development have been set with the. It was during this time that Microgaming first progressive jackpot, Cash Splash has committed.
Just as long was not until the online gaming industry momentum was correct, it was not, unfortunately, until it has serious opponents had. Senator John Kyl, Republican of Arizona, explained the "Internet Gambling Prohibition Act in 1998, which came very close. At that time, the online gaming industry, after only two years, an estimated value of $ 1 billion. Nevertheless, Kyl returned Senator the following year a new law back, and it succeeded again, but Senator John Kyl spent the next six years in his advocacy and the implementation and the reintroduction of anti-gambling laws.
In 1999 there were already about 700 online casinos and later that year, on 10 April, opened the 'Lasseters Casino' its lobby - the first and last Australian online casino. Important in this year also was the introduction of independent accounting and Microgaming payout reviews in the online gaming world. With the world-famous by Price-Waterhouse-Coopers, sat Microgaming one standard for all online casino operators, the safety of the game for the customer required the.
To mark the millennium, there were more casinos than ever, more software vendors, more progressive jackpots, more players and licensors. The EU state Gibraltar, the list of licensors taken in and transformed himself into one of the largest online casino operator in the world.
In 2001, some of the largest casinos in more than half a million players, and even with the adoption of the anti-gambling law in the U.S. Congress in 2002 and 2003 and the restriction of online games, sat down by the industry and continued to grow. Today it is estimated the value of this industry to $ 49 billion!