Online Gambling – How the Story Began
1994 – The Year when it all began
Though gambling has been widespread all over the world for thousands of years, it went online only in 1994. This was the year when MicroGaming started the era of online casinos, having produced the 1st software solution for gambling online. Then the story brings us to 1995, when MicroGaming has formed a forward looking syndicate with CryptoLogic – a company delivering security solutions to online businesses. When secure way of casino money processing was added to the casino engine, it came the high time of the first online casino – InterCasino. It will have been the industry leader for a long time since then.
1999 – Online Gambling Revolution
1999 was the year when another software development company BossMedia has created an opportunity of community play. From the moment online gamblers have received an opportunity of competing one against another, but not against a system. But not all was so cloudless for the online gambling industry. Senator John Kill has introduced to the parliament a project of a bill prohibiting online gambling in the US. Luckily, at that time the project was declined. Year 1999 was noted for fast growth of online casino industry. More than 700 online casinos have appeared to the end of the year. The turnover has reach one billion dollars per year.
2000 – When Online Gambling Becomes World Spread
Several countries have decided to legalize online gambling. Now not only Gibraltar but also the Island of Man began licensing online gambling operators. One more proof of security and legality of this business became the NASDAP choice by Cryptologic. Under the CRYP sigh the company became an absolute leader.
2001 – First Record
The development of the industry started dictating a necessity of establishing money records. A giant Jack Pot of $414,119 was won in one of the online casinos – “The Sands of the Caribbean”.
2001 – The Millionaire Club
Keeping the pace the next Jack Pot became twice as large as the previous one and reached one million dollars. After a million and a half was won playing a progressive slot “Major Millions” created by MicroGaming in “Captain Cooks Casino”. Online gambling companies have been growing with the growth of demand on the online casino games. The overall turnover has reached 4.5 billion USD.
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