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History and development of online casinos

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History and development of online casinos

Though casino gaming is a very old concept online casino games has a very short history which has developed with greatest speed only in the last decade. Gambling has been part of human civilization as a source of entertainment since ancient times; casinos came into being only in 19th century. Actually it was introduced as organized gaming rooms in the later half of 19th century. The oldest casino was opened in Monte Carlo in 1861. Later many USA states in USA built casinos.

Internet gambling made its entrance in the gaming world as late as 1994-95. Since then it has grown in leaps and bound. The cyber casinos include not only roulette, poker blackjack etc. but even slot machines have made their appearance in recent years. The casinos are also coming up with refined ways of maintaining their security online about the client’s profile and their monetary transactions.

Coming to the history of online casino business, in 1994 Antigua Barbuda’s governing body passed “Free Trade and Processing Zone” act. According to this act any person who wanted to start an Internet casino could get a license.

At that time the no software was available to start off with the opportunity. By 1996 two companies – Microgaming and CryptoLogic appeared with relevant software and security system to build up a huge online casino business.

By 1998 the two companies grew tremendously and refined their technical support to the gaming industry online. This made it possible for many online casinos to come into existence. Secondly the Internet itself was making tremendous progress technically and provided further support to the online casinos. In the beginning the players had to accept slow computers and limited memory with unreliable connection. Today the players have the advantage of high bandwidth access to Internet along with computers which are highly sophisticated. The online casinos use complicated software to provide their players with features on their gaming site which are extremely superior.

Following the footstep of US online casinos there came up many online casinos in UK, Canada and Australia. It is believed that in two years since its starting online casino industry made a profit of $1 billion. Though the US government had tried to put a prohibition on Internet gambling it’s not very effective as we see most of the online gamblers come from various states of USA.

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