Have you ever think for a while what all things we take for granted today were never in the existence in the past .When we look around us ,what we experience is that we are living in world of technologies and ideas, this experience is awesome. Just a few years ago we don’t had technological advancement as we now have, we had computers but what about connectivity? In today’s world everyone is connected through internet. Online casinos is one such example that has shown tremendous growth in the gambling industry, players have just to open their computers, log in and they can play their desired game.
In the past, players had to go to real casinos just so that they could play. Games like blackjack and baccarat could be played only at those casinos and people had to travel miles for that fun. But today the situation is different and we should be grateful for making this happen that fun can be enjoyed from anywhere and with comfort.
Who was the first one who exactly opened online casino is a much question of debate, although it was said that online casinos started gearing up in the mid 90’s.According to some beliefs, it was ‘Intercasino’ that considered as first online gambling site opened in 1996 while many other believe that ‘Gaming club ‘was the first one that opened in 1995.
However, Microgaming was the first company which provided the first online gambling software. Still, these new online casino sites could operate freely only when “Free Trade and Processing Act” was passed by Antigua and Barbuda. This act allowed the online casino sites to operate freely without any fear of legal action.
Of course, Internet has made it possible for gamblers to play at online casino sites like casino.netbet.co.uk from anywhere in the world, but due to its nature internet has made players prone to exploitation by these online gambling sites.
As a result, Kahna wake Gaming Commission was established in the year 1996 to regulate online casino and gaming operations of people. This commission was meant to issue licenses to online gaming sites. They tend to make online gaming operations fair and transparent.
By the end of 1990’s, online casino business seen a tremendous growth but still connectivity problem persist due to lack of proper action and bandwidth. Although, this issue was solved until the arrival of new millennium but new problems were waiting for online casinos.
History of online casino is incomplete without discussing the UIGEA, he legal disaster that happened in the year 2005.USA passed the UIGEA (a blow to US gambling market)-Making it illegal for banks and financial institutions to process transactions. As a result many international operators withdraw from the market.
Still, the debate over this legislation is going on, given that it not only affects the online gaming industry but also American players too. However, Online gaming industry seems to gaining support from European Union in the new climate.