History of Online Casinos
History of Online Casinos
The first casino online was opened in 1996 and remains around today. Actually, there are a number of casinos that were began to open in the first years of gambling on the Internet (and hundreds more since) and have become one of the most profitable online industries to date. But it was not always success and easy roads for the industry of online casinos, as you will soon discover. Prior to when InterCasino opened their virtual doors in 1996 there was a lot of opposition. Legislators and anti-gambling groups formed a line to take their pot shots at the coming casinos that would be opening online. However, once the High Commission of Antigua and Barbuda in the West Indies passed the "Free Trade and Processing Zone Act" and the necessary pieces were in place to make an online casino a landmark. They started the Division of Gaming to give the first official jurisdictional licenses so that operators who were interested could legally open up their online casinos. Since the US as well as other countries refused to give out these licenses, it is an important part of online casino history. Fortunately, since then, many other countries have begun to issue licenses all over the world which includes Canada and the UK and more. The list of jurisdictions isn't complete on the United States, which still steadfastly refuses to issue licenses. Visit:- https://antiguabarbuda.com/ The first online casinos were welcomed with skepticism, as sending data like credit cards or names and addresses via the internet was still viewed with suspicion. Online casinos were thought to be scams or run by the mob. Poor connections resulted in stalled applications and graphics and a lack of top-quality software providers in the emerging business led to a number of stalled platforms. Enter CryptoLogic along with Microgaming two casinos online pioneers in history. CryptoLogic made a point of going out of its way in providing encryption technology for the casinos online, which meant that sensitive information such as credit card numbers were now secure from hackers. Microgaming was one of the first and still one of the top software makers, producing stunning graphics and sound at a time when these were difficult to come from online. Modems for cable and DSL lines made it faster and easier to begin downloading software, and with reduced lag and problems with connections. All they had for Microgaming to do was build trust, and this began in 1999. That was the year that Microgaming, in an effort to show the honesty of most online casinos, struck an agreement with PriceWaterhouseCoopers, one of the most famous and honest accounting firms in the world. PWC has agreed to begin auditing the online casinos' payout ratios to prove that they did indeed make large payments of money. In many cases, more that Las Vegas casinos. In light of these developments, the coming millennium marked with the Golden Age for online casinos. When the first IPO for stock of online casinos was made available, and more jurisdictions were opened in the beginning, and first Progressive Jackpots were awarded millions of dollars to lucky players. The business was flourishing. In the following years, Poker started to dominate the airwaves, and Poker Rooms, many affiliated via online casinos were popular. With the boom in the popularity of online Poker Room technology, the online casino industry took in billions in 2004, and profits expected to triple and maybe even quadruple in 2010. Unfortunately, there's going for a lot more to be written about online casino the past. The reason for this is that the industry continues to be a target for opposition in many camps, which does not seem to be slowing down. For instance, Senator Jon Kyl of Arizona introduce bill after bill that aims to stop online casinos that make the illegal US citizens to play at them, or at least restrict US credit cards in the use to pay for online casinos. Even though none of these plans has ever passed but they are being implemented. With the surge in popularity lately, though it doesn't seem like they will make much progress. It is likely that next year's chapter in online casino history has many bright spots that are more appealing than legal ones.  

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