Take A Look At The History Of Online Gambling
Human beings have the natural instinct to survive. In order to do so, we have the need to take the risks or gamble, in the hope of achieving victory in return. Use of coins and dices from the past proves that gambling existed thousands of years ago and in many forms. These basic ideas have led to the development of casino gambling, which is very popular nowadays. Today, online gambling has embarked on a new journey with the influx of the internet into mainstream society. This has really altered the way people spend their leisure time in order to relax. Let us now take a look at the history of online gambling.
We need not go very far back in the online gambling history. Online gambling made its first debut on the internet only in mid nineties. The Government of the small Caribbean island of Antigua and Barbuda passed a law called "The Free Trade and Processing Zone Act" in 1994, which allowed online casinos to be based there. At about the same time, the very first online gambling developing software provider was being formed called "Microgaming". With these new developments in favor of online gambling there was no looking back in the rising popularity of the online gambling industry. Even today, most online casinos operate in accordance with this "Free Trade and Processing Zone Act". Antigua and Barbuda continue to be the number one choice of licensing jurisdiction in the online casino industry.
During that same year, many software companies were formed, including the Company "Cryptologic" which was responsible for developing the first security software to ensure safe and secure monetary transactions over the internet.
The mid 90's saw two other online casinos made their debut claiming to be the first- the Gaming Club and Intertops casino and sports book. Armed with a reputable service, reliable payouts, high security, efficient customer support, and serving a large number of customers, this was an important time in the history of gambling online. The Interactive Gaming & Communications Corp. (SBET), launched in the spring of 1996,, soon became a publicly traded company listed on NASDAQ.
Gambling online history reveals that, Atlantis was the first online casino based in Great Britain, licensed by the Isle of Man. Its owner Sol Kerzner, developed a new notion in online gambling; the thematic online casino.
However, in 2006, USA passed a bill which made any business transactions by commercial banks and credit card companies on their customer's behalf, pertaining to any online gambling transaction, illegal. This obviously led to many online gambling casinos refusing to accept USA players. But many gambling websites do accept the USA gamblers. Today one sees most online casinos opting for alternative methods of money transfer methods such as e-wallet, PayPal, Click2Pay, e-cash etc;
No doubt, the internet has made great contributions to the development of online gambling. Today, with the advanced technology, people can play and enjoy their favorite casino games anytime, anywhere. Despite what some people might want to believe online gambling will be around for a long time to come. Most people just love the thrill and excitement of gambling. And they will find a way to gamble no matter what as the history of online gambling shows.