The history of online casinos can be traced through three different events. The first is the game software’s heyday. From the middle of the 70s onwards, terrestrial casinos began to become aware of the gaming software. Only from this point on did the software programs begin to replace the traditional mechanisms of slot machines, which, by the way, were able to display the graphics and functions as on a PC. The first software solutions for Blackjack were developed by card game professionals in the 70s. The gambling software was then the first piece of a puzzle that was still very expandable at that time.
The Internet as the main development factor
The only thing missing was a mechanism by which the various computers could be connected to each other with the help of a server: the game applications could be started via this server. With the advent of the Internet, this problem was solved, especially when it became accessible to the general public at the beginning of the 1990s. In the past, the Internet was used as a simple means of communication. Users were content to connect to the Internet platform from their workstation and send messages to others who were online at the same time. The first laws on online gambling
The third factor that plays an important role in the development of online casinos is a legal mechanism recognized by the authorities. It was launched in 1994. The small state of Antigua and Barbuda signed a first agreement, the Free Trade and Processing Zone Act, which allowed it to issue official licenses. In this way, the first legislation for online gambling came into being. On the same occasion, the General Gaming Authority was established. This authority accepts requests for applications, examines them meticulously and finally distributes the licenses to the terrestrial casinos, which respect the laws. The territory of Antigua and Barbuda is now one of the most popular and prestigious legislations. This law is somewhat regarded as the cornerstone of online casinos as we know them today.
The first manufacturers see the light of day
After these three features were introduced, they only had to be merged. Microgaming was one of the pioneers in this respect. Microgaming is a software company based on the Isle of Man that was founded in 1994. It is the first developer of online software. Although the online games were already successful, one essential element was still missing: security. This was when Cryptologic came into play, which introduced a system to monitor financial operations on the Internet. Cryptologic was founded in Ireland in 1995 and was the first company to develop a virtual transaction application. Cryptologic was thus able to develop the very first online casino in the world by assembling the individual parts: it was the birth of Intercasino in 1996.
Since that day, the online gaming industry has continued to evolve. The estimated number of online casinos is 2,300 and also includes virtual poker rooms and sports betting providers. The total income of all world-wide Casinos amounts to jählrich 15 billion dollar.