HISTORY OF ONLINE CASINOS

The history of online casinos began in the early 1990s when the various components of online casinos were put together. One of the components was that of software capability. It could be that the ability to develop software for online casinos existed before. However, it did not come to the fore because there were no other components. Read online casino reviews by Casinoid.in experts and choose the best of them.

Online casinos required countless players in remote locations accessing the online casino's server at the same time. This was made possible by the proliferation of personal computers and the widespread use of the Internet. With the help of the software and the internet it was possible to put an online casino together but not to place bets. A large number of legal issues are linked to online betting and therefore it was imperative to create a legal framework that would work among online casinos. The first gambling jurisdiction in online casino history to regulate online casinos was established in Antigua and Barbuda in 1994. The Directorate for Offshore Gaming has formulated rules and regulations under which online casinos were licensed that were necessary for their operation. Soon more gambling legal systems were created in Canada, the UK and Europe.

In 1994 Microgaming was founded on the Isle of Man. It developed the software necessary for online gaming and offered casino games over the Internet. However, it lacked the mechanisms to conduct secure financial transactions that were essential for real money betting. Cryptologic, a software company founded in 1995, has the technology to conduct secure financial transactions over the Internet, but was looking for an application to use this technology. It chose online gambling as an application and the first real money casino wager in online casino history was launched in 1996. That was InterCasino which is still very popular.

The history of online casinos was still fraught with obstacles. Players have become accustomed to physical devices such as the craps dice or the roulette wheel or card games in land-based casinos. They didn't trust the software that couldn't be seen or understood. It took a significant effort on the part of the earliest online game software developers, who worked with independent audit agencies such as eCOGRA and Technical Systems Testing, to convince online gamers that the games were fair.

The period from 2004 to 2006 can be described as the golden era of online casino history. Aside from Microgaming and Cryptologic, online gaming software developers like Playtech, Realtime Gaming and Odds On had stepped in and started doing business. Microgaming had released a new version of its software known as Viper, and Odds On had reborn as Vegas Technology.

The history of online casinos shows that this industry has been one of the most innovative and fastest growing industries in the past decade. In the past few years, several remote gambling media have become popular. These include live dealer gambling and mobile gambling. The last word has not been mentioned in the history of the online casino and new pages are sure to be written in the years to come.