The internet cannot be overemphasized when we look at the number of ways
it has influenced the world. One of those ways in which the internet has
exerted its influence is in Online Casinos. The moment the opportunity to float
casinos on the internet surfaced, a lot of casino operators tried to create a
seat for themselves at the table which brought about different online casinos,
sports bookmakers, and poker sites. This development has however, not been
without its own challenges.
The middle of the 1990s brought about the very first sets of online
casinos and this was around the time the Free Trade and Processing Act was
passed by Antigua and Barbuda. This act made it possible for casino operators
get the required licenses in starting an online casino.
When this act was passed, a technology company named Microgaming sprang
up. This company was the first company to create a really functioning online
gaming software. The company is standing up till today and is regarded on of
the most trusted software providers in the internet gaming industry.
In Canada, another big leap was taken and this is the opening of the
Kahnawake Gaming Commission, a Mohawk Indian Tribal commission established to
issue licenses to online gaming operators.
In 1996, he first casino opened online but there is an argument about
which website was first and when it opened. Some sources claim it was
InterCasino while some think it is GamingClub (created by Microgaming) and that
it opened in late 1995. For the rest of the 1990s, online gaming became
increasingly popular and irrespective of who was believed to be the first to
come aboard, before the end of 1996, several others had come on board so it was
no longer about who came first, it became about who got patronized more. Within
a year the number of online casinos had reached 200 and by 1998, revenues from
the industry had reached a staggering $830 million.
With the strong
foothold online casino had gotten, sports betting came into play. InterTops
came to be in 1996 and with the success they had, several others were willing
to take advantage of this goldmine. Ideally there were offline sports betting
businesses but they all started going online to expand their operations. These
websites started with giving huge bonuses and free bets to attract new
customers but then the variety and number of promotions increased and included
things like cash back offers, contests that gave mouth-watering prizes, special
odds. Over time, the sports betting industry matured and the promotions reduced
but then some sites still offer them.
Around the year 2000, BetFair was launched. This site allowed players
make bets between themselves and on whatever the players wagered, BetFair took
a commission. In the year 2002, live betting was introduced. With live betting,
players could place bets while the sporting event was actually going on. Live
betting proved to be an exciting sports betting innovation and today, there are
numerous events available in the live betting option. Now, players can place
bets anywhere and any device now including mobile phones, tablets and any other
mobile devices.
There may be a history to online gambling, but it has been recognized in
Europe that internet gambling is the right of any legal adult and everyone can
do as they wish.
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