History of Internet Casino

Internet Casino History | Minority Insight BlogInternet casino began with the expansion of internet access into private residence and workplace during the early 90s. Due to gambling prohibition laws in many countries, the beginning of internet gambling was slow and initially, no land-based gambling companies were involved in its advancement.
Faced with the problem of legality, online gambling companies established themselves, in small nations with free track zone which allowed US bookmakers to accept phone betting thus a remove ting limited states gambling prohibition laws.
The first of these was the Caribbean nation of Antigue and Aarboda in 1994. In the period 1994-95 the 1st gambling software was developed by Microgamming, followed by Cryptologic in 1995 which developed the first secure online money transaction.
These 3 major developments accelerated the growth of internet casinos such that by 95 a few online casinos such as Gaming club and Intertops casino, were offering online games.
The year 1996 saw inter casino, gambling company banned in Antigua becoming the 1st to use accept a real money wager via electronic fund transfers. After this conference in internet gambling grew and numerous other nations, albert small islands, opened their doors to online gambling companies.

These legal havens eg. Torks and caicos, Netherlands Autalles attract numerous online companies as they offered better legal protection against prosecution. Despite the prosecution of huge online gambling companies such as star net casinos Canada 1998 the number of sites accepting wagers increased from 15 in 1996 to over 1800 in 2002 and this was met with corresponding increase in revenues with internet gambling nothing a staggering US $2.2 bill in the U.S alone by year 2000.
Despite the huge profits involved and growing popularity it was only in 1999 that the 1st land banned company made its debut on the online gambling market. However, though a major step few companies followed suit deciding to continue with the traditional form gambling rather than risk losing their license due to ill-defined gambling laws.
Major server of poker accepted several entrants via online poker tourneys. This was followed by blowing 7-fold increase in revenues from $365 mill-US $2.4billion during the period 2003-2006. And this was in internet poker alone! Revenues and popularity continue to increase fueled in part by the relaxation of gambling laws in numerous countries.