The very first online casino Opened in 1996 and is still around today. In actuality, there are numerous casinos that opened up the first couple of years that gaming has been online and countless since, which makes it among the most successful online businesses ever. However, it was not always success and simple roads for the online casino business, as you will soon see. Even before Intercession opened their virtual doors in 1996, there was a whole lot of opposition. Lawmakers and anti-gambling groups lined up to take their pot shot at the upcoming togel online. But after the High Commission of Antigua and Barbuda from the West Indies passed the Free Trade and Processing Zone Act, the bits were in place to make online casino history. They began the Division of Gambling to give out the first official jurisdictional licenses so that prospective operators could now legally open up their online casinos. Considering that the US and other large countries refused to give out these licenses, this is a massive part of online casino history.
Fortunately since then, several other jurisdictions have begun issuing licenses all around the world, including Canada, the UK and much more. But that record stops short of America, which still steadfastly refuses to issue licenses. The first online casinos have been met with plenty of skepticism, as sending information like credit cards, addresses and names over the net was still met with lots of suspicion. Online casinos were regarded as unethical or run from the mob. Slow connections intended stalled programs and images and a lack of quality software suppliers in the fledgling sector meant a lot of platforms that were delayed. Enter Cryptologic and Micro gaming, two online casino background pioneers. Cryptologic went out of their way to offer encryption technologies to the online casinos, meaning that sensitive information like credit card numbers were now safe from hackers. Micro gaming was among the first and still among the best software suppliers, making crisp graphics and realistic sound back when these things were still tough to come by online. Cable modems and DSL lines made it quicker and more convenient to begin downloading applications, with less lag and connection issues.
All that was left to do was to earn trust, which began happening in 1999. This was the year that Micro gaming, in a bid to reveal the honesty of the majority of online casinos, struck an agreement among the most famous and honest accounting firms in the world. PWC agreed to begin auditing the online casinos’ payout percentages, to demonstrate that they did really payout large quantities of cash- in many cases, over Las Vegas casinos. Due to all of these Developments, the new century began the Golden Age for online casinos. The first IPO for online casino stock became available, more authorities came online and the first Progressive Jackpots awarded countless lucky customers. Business was booming. Soon after, Poker began to dominate the airwaves, and Poker Rooms, many connected with online casinos, became all the rage. With the boom in online Poker Room technology, the online casino industry took in billions in 2004, with profits expected to triple and possibly even quadruple by 2010.