History:
An issue arose
Online casinos have a fascinating history dating back to the 1970’s. They first surfaced with the invention of gaming software’s which started to impact land based casinos in many different ways, e.g. the electromechanical slots were replaced with slot machines based on computer software. Compelling casino software’s were also interconnected to blackjack strategies which were professionally developed.
An issue arose as to how to connect the countless different systems to a server node where the gaming applications were saved. Fortunately, this problem was solved in the 1990’s with the accessibility to the internet which opened countless opportunities in the online gaming industry.
Authorization was the last article required for online casinos and this came in 1994 with the signing of the Free Trade and Processing zone act. The first places to benefit from this act were the island states of Antigua and Barbuda. Under this,if a casino abides by all the rules and regulations of this act, it will be granted a license.
Micro gaming:
The next step to developing online casino software was Micro gaming. Micro gaming provides the necessary security to the gaming industry as it enables safer online money transactions. The first security software company was inaugurated in Ireland in 1995 which developed the first eCash application for online casino softwares.
Ever since, the online casino industry has been growing; it was estimated that in 2006 there were over 2,300 online
gambling sites that cover everything from online casinos, online poker rooms, and online betting with a combined revenue of $15 billion.