Gone are the days, when online casinos and gambling sites were a major scam at the end of the day. With internet speed and security gaining ground with each passing day, it would simply be extremely unlucky or unwise to somehow manage to still land at a bogus online gambling outfit today. A tiny amount of research can have you end up at a legitimate online gambling site registered with the regulatory bodies concerned with the business today. At a certain point somewhere in the mid-’90s, the online gambling industry had reached a point of uncontrolled growth, and this in return gave rise to a plethora of scams that got associated to this industry due to a lack of an independent body regulating the online transactions and operational integrity of a given site. The following is a brief summary of how the online gambling business in today’s fast-paced lifestyles nearly takes over the conventional gambling methods of yesterday.
The mid-‘90s
The year 1994 is where it all started. The first few online gambling sites only offered play money to players and gameplay was hardly interactive due to slow internet speeds. Money changing hands over the internet may have been the talk of the town at the time, but during this period it was near impossible to conduct financial transactions due to security concerns. The internet clearly becoming recognized as the future. a host of ISPs (Internet Service Provider) started appearing from every nook and corner of the country and this resulted in fierce competition among the service providers. This in-turn accommodated rapid improvements in technology and service among competitors. By 1996, the technology was all geared up to support secure online financial transactions over this new medium of communication. Cryptologic developed the first secure online transaction software for the online gambling industry and the technology has improved by leaps and bounds since then and consumer confidence has been on the rise ever since. The first real money transaction was conducted by Intercasino in 1996.
A new industry came to life and business was booming as usual for these enterprising gambling-oriented entrepreneurs. Although news of online scams involving online gambling, particularly sports betting, was becoming an everyday story by 1997. Transactions were not secured and physical existence of most online gambling sites was always located in sparsely known countries like, Antigua Barbuda, a small Carribean island that began to sanction licenses to online gambling sites (primarily USA-based sites) and all online gambling sites moved south of the border to register as a legitimate, certified and secure online gambling site. The United States did attempt to pass legislation to prevent online gambling with the “Internet Gambling Prohibition Act”, but the bill failed to pass. By 1998, the online gambling industry posted revenues of $834.5 million. It was now certain that this trend will become a never-ending trend.
Play Safe
By the year 1998, the online gambling industry posted revenues of $834.5 million and this figure was just getting to multiply exponentially. The industry was still young and looking to explode and only with the right set of protocols the industry could establish itself as a new industry on the horizon. The first real money transaction was conducted by Intercasino in 1996 and it set the gambling world on fire from thereon. Antigua and Barbuda in 1997, became among the first countries to sanction online licenses to online gambling sites and remained a hotspot for online gambling licenses for companies around the world, particularly the United States for sports betting for many years to come and to this very day. Looking at the tremendous growth continuously being posted by the online gambling industry, more and more countries wanted a piece of this pie and started granted licenses to online gambling outfit from around the globe with attractive tax-saving benefits. Lasseter’s Online was the first to go online with their online casino in Australia in the early part of the year 1999 and became the first online gaming service to introduce interactive gaming experience with multi-player live chat option.
Highspeed Internet
With the introduction of Highspeed Internet at the very beginnings of the year 2000, https://bedstespiludenomrofus.com/casinoer-med-lav-indbetaling/casino-indbetaling-50-kr/ and sports betting started to take their determined shape. The convenience of not having to dress-up to drive to the casino or a sports bar seemed quite appealing to most avid of gamblers. This trend was now becoming a global trend with Australia becoming the first developed nation to grant licenses for online gambling and betting with secure online transactions in the year 1999. Australia was inundated with license requests from around the globe to conduct their business via Australian legislation imposed on incoming licensees according to the guidelines provided by the charter drafted by Australian government officials. Internet financial transactions still being question marked by most banks had to get involved. Several forms of online gambling started to emerge as the internet was becoming more and more capable of handling real-time dialog. From real-time video dealers to players around the globe, players could now play poker with live players and dealers. In the year 2003, Chris Moneymakers wins the world series of poker only having played online gambling sites thus far.
The Best Online Casinos
Today, the online casino business is a tough and competitive industry with top-player investing millions in marketing and research to come up with the best and safest user experience. Wild and crazy casino games like the book of dead offer a unique and intuitive gaming experience that in many ways is much more enjoyable than being physically at a casino in your local area.