HOW IT ALL STARTED: BRIEF HISTORY OF ONLINE CASINOS
Gambling, contrary to popular belief among millennials, is not a modern-day game. Instead, gambling has been around for a long time. But, the difference is that gambling games are better in the current world as a result of technological advancements. Technology has enabled consumers all around the world to enjoy online gambling games and other forms of entertainment that did not exist a few years ago. In this post, we will look into the fascinating history of online casinos.
History of Online Casinos
The Mid 90s – First Online Casinos Invention
The government of Barbuda and Antigua passed the Trade and Processing Act in 1994, giving the country legal authority to grant licenses to online gambling sites. Online casino games were conceived in 1994, with the establishment of one of the largest and most prominent gambling software system firms. Microgaming is the name of the firm. The company’s first internet website, the Gaming Club. However, instead of real money bets, customers may only wager with virtual money.
The Late 1990s – Online Gambling Going Mainstream
Following the debug of Microgaming and Cryptologic, many other firms did not waste time in following in their footsteps. The growth of online casinos became quite quick. By 1997, there were more than a hundred online casino games.
To maintain their position at the top, developers began to give loyalty awards, online bonuses, and freebies. This has become the norm for many because it increases the platform’s reference rate. The developers’ competition for attention increases. It also provided a slew of new and exciting features for players. Also, players get a broader selection of games. In addition to slots, users may also play electronic versions of blackjack and baccarat.
The Early 2000s – The Need For Proper Licensing
More and more online casinos were created, resulting in fierce competition in the online casino market. However, a large number of online casinos and intense competition is leading to the emergence of several bogus platforms. Therefore, regulatory bodies come in. To this day, the Malta Gaming Authority and the UK Gambling Commission are the most reputable bodies in the sector.
Online Live Casinos – A Whole New World
With each passing year, new and innovative online casino games become the standard. Also, developers must maintain the material on their platforms to improve the enjoyment of the users.
The quality of online casino games continues to improve, resulting in the development of live dealer games. The live dealer games bridge the gap between internet casinos and land casinos. Casino live dealer games build casino studios where games were shown live online, giving gamers a true casino experience.
