Casino History is dedicated to providing great information on internet gambling history as well as the history of gambling. You’d be surprised to know that the infinite online gambling industry has in fact a very short history and its emergence has been quite recent.
The fact is that it has been only 15 years since the first online casino came into being. Going back, you can see the first casino was established in the year 1765 in Baden and it almost took 200 years for the first online casino to emerge. Based on the resources there are three major factors responsible for the origin of online casinos.
The first being the development of gaming software which made its presence felt in the land casinos during the 1970s. The second major factor was the emergence of the technology to connect different computers to a nodal server where the gaming software could be accessed. This powerful technology was called internet. The third factor was the creation of a regulatory body which came around the year 1994.
Even though the technology for online casinos was present since the beginning of the internet, the actual gambling started in the year 1994. The set up for online casinos legally happened after the Free Trade & Processing Act was passed in the Caribbean and from this time the development of casinos increased at rapid speed offering revenue which was estimated to reach $17 billion by the end of the year 2009. The first legally established online casinos Gaming Club and Inter Casino opened in the year ‘95 and ‘96.
Microgaming was the first software developer and provider to emerge and the company offered variety of online casino games which could be downloaded and played sitting at a place of your convenience. This was followed by the development of various gaming applications by companies like Cryptologic and Microgaming which brought great revenue and potential to entrepreneurs involved in this industry.
From this point there was nothing that could stop the development of the online casinos which came up with new and innovative ideas which improved the gaming experience. The software and graphics capabilities for online casinos developed at rapid pace offering users with new things to explore day by day. This improvement gave rise to numerous online casinos and the number is still growing.
The internet acts as the life source of online casinos without which they cannot exist. The broadband technology has brought in users from different parts of the globe. Players can play real time poker with lively and exotic settings, they can chat with one another while they are playing, view game statistics of the various games available on the internet and they can do just about anything and everything they would do in a land-based casino.
Today online gambling has become more of a profession than being a hobby and to protect consumers casinos have developed commissions and watchdog groups to govern online casino fairness and includes governing bodies like the Canadian Kahnawake Gaming Commission which was established in the year 1996 making the internet and online casinos safe for those millions of users who visit to play the online games.