From The Start To Present, A Swift Look At The History Of Online Gambling
As the popularity of the internet quickly rose in the early 1990s, so did the online gambling industry. Entrepreneurs ran with the idea of people playing the odds across internet. The history of online gambling got its start in a small island in the Caribbean called Antigua and Barbuda. Since then this industry have boomed more than anyone could have imagined.
The Free Trade and Processing Act was accepted by the government of this country. The purpose of this law was to allow the government to hand out licenses to companies that were eager to start an online casino. Another milestone occurring in 1994 was the formation of the first software provider specifically for internet gaming, Microgaming.
Just one year later, in 1995, Microgaming developed the first online casino called Gaming Club. This casino is still in use to this day and is controlled by the Gibraltar government.
Moving into the later part of the 90s, the gaming software business really took off. With such a quick improvement to the software it became better than many of the computers that were using it. This led to a problem when trying to access and play on these sites. Many times the network would drop the player or connection would be poor due to the small size of the bandwidth.
Even with such problems occurring at the time, the reported revenue generated in this industry was 835 million dollars in 1998. At the same time internet sportsbooks became popular. One of the first to embrace the times was a reputable company called Intertops. With an office in Antigua they were able to get a gaming license easily.
In the 2000s the most popular type of internet gaming sites have been the poker rooms. These are sites that allow multiple players to interact and play poker. These have been around since 1998 with many companies trying their hand at it. Today the two most popular sites continue to be PokerStars and Full Tilt Poker.
This type of industry is one that many people see as an evil. With this in mind, legality always becomes the question for these sites. There are always people that will try to convince the judges that this is simply an illegal business run by shady people and must be shut down. There have been many cases where the United States has threatened to shut the business down, only to lose its case and made to open it back up.
Since that time many other countries have seen a great revenue generator and decided to jump on board in the industry. Most recently we have seen Italy and South Africa pass laws allowing internet gambling.
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Tags: Casinos, Gambling, online gambling
