History of online casinos

History of online casinos

The history of online casinos is very eventful. In just fifteen years, major discoveries have taken place in this area, various innovations have been introduced, serious conflicts between owners and authorities have arisen, and fraudsters have appeared and achieved certain results. Thus, Internet gambling is actively functioning and developing at present.

Most likely, developers created online casino technology even earlier than the first institution of this type began to work on the Internet. This happened only in 1994, after the adoption of the Free Trade Act by Antigua and Barbuda, which allowed companies all over the world to open virtual casinos within the framework of the law.

In the same year, the first Microgaming company appeared, producing gaming software. The very first online casino, functioning to this day, were appeared right after that. The quality and variety of games existing at that time was very different from the current assortment. After some time, a lot of online casinos appeared on the Internet. Most owners of virtual institutions remained in the shadows, so already in those days the authorities tried to close these websites.

Fraud has begun to develop in the new industry. Many people tried to make easy money at online casinos. Owners of dubious virtual casinos deceived visitors. Hackers invaded the servers and extorted money, threatening to launch an attack. Such stories happened extremely often. For these reasons, the founders of online gambling had enough problems. But over time, they developed an encryption mechanism that could reliably protect the personal data of casino players. The graphic component of the games became more colorful and realistic, and with the development of communication channels, casino software began to load almost instantly.

Since it took real money to play in a casino, guarantees of honesty for online establishments were needed. Some of the largest online casinos began to collaborate with independent audit firms. Thus, virtual casinos began to become more affordable and reliable. In subsequent years, the authorities constantly made attempts to stop the activities of online casinos. Italy is the first European country that prohibited its citizens from playing in virtual casinos licensed outside the country. In 2007, the same fate befell the residents of the United States after the adoption of the relevant act banning games. As a result, some of the American establishments closed, and some placed their servers in offshore zones.

Now the advantages of online casinos are in many ways superior to their disadvantages, which include their inability to fully convey the atmosphere of a real gambling house. In addition, the lack of security of money transactions, as well as the impossibility of checking the integrity of institutions and some other aspects, raised doubts. But recently, these gaps have been filled by the world’s largest manufacturers. The most significant advantages of online casinos include the complete absence of incidental expenses, the availability of servers at any time and from anywhere, higher payouts and huge jackpots, high security and much more.

Gambling people will constantly look for ways to satisfy their passion. If you do not give them the opportunity to do this legally, they will find other options. Given the rapid growth of technology, an increasing number of casinos are moving to the Internet space, and this process can hardly be prevented. And the more they will be supported by the state, the more reliable and convenient they will become.