History Of Online Casinos
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While land-based casinos and the games offered there have a tradition of decades, even centuries, the online gaming industry has developed very highly in a very short time. The first land-based casino is guaranteed from 1765, the first online cookiecasino appeared on the market about 200 years later.
The year is 2016 – today the online casino industry celebrates its 21st birthday. Any other industry would still be in its infancy at this age. But online casinos are different: After a rather hesitant start at that time, in less than two decades it has developed into a multi-million dollar industry that is significant on the entire global market. Moreover, online games prove to be very flexible and can adapt to any culture and any perception of technology.
Las Vegas Casino History Timeline
Three main factors have allowed such rapid development:
The first was the development of gaming software, which was first used in land-based casinos in the 1970s. Another was that computers learned to network – via the Internet. Thus, only one gaming computer could be operated by many users. The third factor: a global regulatory authority was established in 1994. The rest is history.
Even though the technology for online games had been available since the beginning of the Internet, the first game providers were only able to start in 1994. That was the year in which the “Free Trade and Processing Act” was passed in the Caribbean Islands – the first law to define and legally establish online casinos as such. Thus, the “Gaming Club” and the “Intercasino” opened their doors in 1995 and 1996, followed by a large number of portals, most of them in the first years of this millennium. Today well-known platforms such as the “Spin Palace Online Casino” were opened around 2002.
In the years 2015/16, very young and innovative online casinos are emerging and let us guess that the world of online casino has not seen everything yet. Pioneers are casinos like Casino Heroes, Spinit, or even Wunderino.
The History of Online Gambling and Where We Are Headed. Whether it’s slot machines, poker, table games or sports betting the world of online gambling is growing at a rapid pace without a slowdown in sight. The very first online casino went live in 1994, and from there it has just been an upward trend with more sites going live and millions. Brief History Of Casinos. The Birth Of Modern Casinos. Contemporary casinos can trace their roots across the Atlantic all the way to 17th century Italy. In 1638 a venue in. Gambling On The Frontier. The Birth Of Las Vegas. Logging On For Excitement.
If you want to leave the table as a winner, you need to know how best to manage the money in an online casino.
The software giant “Microgaming” was the first of its kind to discover the online casino industry for itself. This company developed a variety of casino games that could be easily downloaded to PCs and laptops, serving players around the globe. Cryptologic was founded as a competitor. This resulted in many gaming applications and platforms that generated high profits and motivated other entrepreneurs to join the industry.
Nothing could now stop the rapid rise of online casinos as a whole – new ideas and gaming software outdid each other in terms of the best possible player comfort and outstanding entertainment value. In addition, the Internet developed from a dial-up system to data highways – so the technology of online casinos could be developed even more versatile, faster and better. Every advance in information technology also brings further, still unforeseen opportunities for the gaming industry.
The Advent of Online Casinos. Much of the growth in gambling industry is attributed to technological developments. While the exact year in which the first internet casinos went online is still debatable, there is almost an agreement that the golden year is either 1994 or 1995. At that time, some of the casinos offered a maximum of 18 games.
The online casinos of the first hour were portals that only bet on slots, each with only one variation and no bonus offers presented. At that time, the respective CEO was still specified as the customer contact. Today, every single company is a million-dollar business with hundreds of slots, single and multiplayer versions of every game, high-quality bonus offers and many promotions to attract new customers for an increasingly crowded market. Of course, each of these companies has a multilingual and highly qualified customer service.
Nowadays, every possible player has his or her personal favorite casino at his or her disposal, where he or she can chat lively about moods with other games and, if necessary, contact the dealers working in real time. Moreover, it is possible to play from any location: Smartphones and mobile phones make this possible with direct Internet access from anywhere. There are supervisory institutions and worldwide discussions about even more precise legal frameworks.
Year after year, technical development is now progressing – the world of online casinos is becoming more exciting and complex. It is almost a miracle how far this industry has developed in just a few years. With pride, those involved can always remember this – and look forward to the future with great anticipation.
History of Online Casinos
By: Mario Candolini, Tuesday November 4th 2008The origin of online casinos can be traced to three different processes. One is gaming software. From the mid 1970s gaming software began to make its presence felt in land casinos. Slots machines based on computer software began to replace the electromechanical slots. These machines displayed the power of computer processing and computer graphics. Software for blackjack strategy had been developed by professional card counters in the 1970s. Software for gambling games was the first piece of the jigsaw puzzle to be perfected.
What was missing was a mechanism for different computers to connect to a nodal server and use the gaming applications stored on that server. This problem was solved with the coming of age of the Internet. In the early 1990s the Internet became widely accessible. Initially it was used as a mode of communication. Individual users could connect to the Internet from their computers and send messages to others similarly connected. But the latent potential of the Internet in other applications was apparent.
The third factor needed for online casinos was a regulatory mechanism. This came about in 1994. The tiny island state of Antigua and Barbuda enacted The Free Trade and Processing Zone Act that permitted it to issue gambling licenses. Thus the first online gambling jurisdiction was born. Under this Act the Directorate of Offshore Gaming was constituted. It is this body that receives applications from licensees, scrutinizes them and grants licenses if the application is found fit. Antigua and Barbuda still remains one of the more popular and respected jurisdictions. This law provided the fillip that was required to create online casinos.
Now that the three important mechanisms were in place all that was required was to string them together. Microgaming was a pioneer in this field. Microgaming, a software provider based in The Isle of Man, was founded in 1994. Microgaming was the first to develop online gaming software. Whereas online games could be played using the software it lacked one vital component needed in a full-fledged online casino. This was the security required to conduct financial transactions over the Internet in a safe manner. This component was provided by Cryptologic, an online security software company founded in Ireland in 1995. It began developing the first eCash applications for online gaming. In fact it was Cryptologic that put the whole package together first and established the first online casino, InterCasino, in 1996.
Since then the online casino industry has not looked back. It is estimated that there were over 2,300 online gambling sites that include online casinos, online poker rooms and online sports betting by 2006 with combined revenue of over $15 billion.
Looking to learn about the history of popular casino game types? If so click on the links below for further details:
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Comments
Add CommentGood article I think it well represents the past of online casinos although I think that you can get a bit more in depth on the subject. In fact if you want more info you should look on wikipedia for such info as I beleive you'll find a lot more especially as the history of online casinos relates to the history of online casino software providers.
I think that this article should be tied with another that I've seen here on Casino Advisor pertaining to the future of the industry as that's what really matters looking forward at things. I beleive that it's key!
I don't think it's important where we've come from with online casinos. I think it's much more important where we're going :-) look to the future people, lol...
This is a large amount but whose fault is that the casinos or the bureaucrats that won't permit the online casinos from being able to be regulated and run proper and legitimate operations. I would say that all the blame here can be put on various governments out there.
Online Gaming Has taken more then 70 % of landbased market.
List Of All Harrah's Casinos
It's good for players to read and understand the history of all the games they play. There really isn't much benefit you can get from it in terms of winning more or anything like that but ultimately it's just good knowledge to have.
Nice article I didn't really know all that much about the history of online casinos until reading this article and the comments. I know that CasinoOnNet/888 was one of the founding online casinos out there but not the first. I remember back in the day when it was just Microgaming and their Gaming Club brand which was their flagship brand back in the day.
One of the first casinos that I remember seeing on the net was Casino on Net which I beleive at one point was re-branded to 888.com and is still one of the biggest online casino groups out there. Gaming has grown 10 fold since it first started online. It's really amazing to see how far online poker gaming has come along.
Yeah they're one of the leaders in the world of online casino gaming and the fact that they have the largest library of online casino games of all software providers is also evidence of the fact that they are one of the if not the first gaming company to come to market with an online casino product.
Ok cool I didn't realize that Microgaming was really the first to hit the market with an online casino product I was always under the assumption that Crytpologic was. I guess it makes sense that Microgaming really helped scrupled the industry as the first to enter the market as their product is far superior to that of most other casino software products out there including Cryptologic's IMO.
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