Ever since the first online casino was launched in the year 1996, the online gambling industry has grown tremendously over the years and contributes a significant portion to the entire gambling activity that happens throughout the world today.
Nowadays there are thousands of good quality online casinos, including some of the top-rated kinds you can find at an online casino in NZ; this apart from online poker portals, sports booking websites, and much more. Online gambling has grown to be a billion-dollar industry and is only going to grow more in the near future. Let us provide you with a brief account of the history associated with the online casino industry.
One major event that can be attributed to the creation of online casino industry is ‘The Free Trade and Processing Act’ was implemented by the Antigua and Barbuda government in the year 1994. It resulted in this tiny Caribbean country getting the right to hand out licenses to organisations which wanted to start their own online casinos. The very same year, another important event happened at an ocean’s distance, in Isle of Man. A company named Microgaming came into being.
Back then when it was launched, Microgaming didn’t have a big budget or a large team, but it had the dedication to become the creator of the first-ever fully operational online casino in the world. The platform it launched was quite different from the top-rated online gaming venues we see today. However, it completely revolutionized the gambling world as it gave gamblers an opportunity to indulge in their favorite casino games from within the comfort of their living rooms, at a time when people were still new to the World Wide Web.
Over the years, several companies were launched and tried to stake their claim as pioneers of the online gaming industry, but the amazing hard work and dedication put in by the Microgaming team, combined by their accomplishments later on, have resulted in making them true innovators in this field, and have established them as the leader of the online gambling world.
In less than a year’s time, in 1995, another company named Cryptologic which specialised in actual money transactions on the Internet, was launched. A product like theirs was the missing piece needed in the creation of a real money online gambling platform. They launched their own casino which is well known even to this date. Cryptologic changed the way monetary transactions happened on the Internet, making it an extremely safe and quick process for the players. Hence, they also deserve a place alongside Microgaming as pioneers of the online gambling world.
Ever since the first online casino was launched in the year 1996, the online gambling industry has grown tremendously over the years and contributes a significant portion to the entire gambling activity that happens throughout the world today.
Today there are thousands of good quality online casinos, including some of the top-rated kinds you can find at an online casino in NZ; this apart from online poker portals, sports booking websites and much more. Online gambling has grown to be a billion-dollar industry and is only going to grow more in the near future. Let’s provide you with a brief account of the history associated with the online casino industry.
One major event that can be attributed to the creation of online casino industry is ‘The Free Trade and Processing Act’ which was implemented by the Antigua and Barbuda government in the year 1994. It resulted in this tiny Caribbean country getting the right to hand out licenses to organisations which wanted to start their own online casinos. The very same year, another important event happened at an ocean’s distance, in Isle of Man. A company named Microgaming came into being.
Back then when it was launched, Microgaming did not have a big budget or a large team, but it had the dedication to become the creator of the first-ever fully operational online casino in the world. The platform it launched was quite different from the top-rated online gaming venues we see today. However, it completely revolutionized the gambling world as it gave gamblers an opportunity to indulge in their favorite casino games from within the comfort of their living rooms, at a time when people were still new to the World Wide Web.
Over the years, several companies were launched and tried to stake their claim as pioneers of the online gaming industry, but the amazing hard work and dedication put in by the Microgaming team, combined by their accomplishments later on, have resulted in making them true innovators in this field, and have established them as the leader of the online gambling world.
In less than a year’s time, in 1995, another company named Cryptologic which specialized in actual money transactions on the Internet, was launched. A product like theirs was the missing piece needed in the creation of a real money online gambling platform. They launched their own casino which is well known even to this date. Cryptologic changed the way monetary transactions happened on the Internet, making it an extremely safe and quick process for the players. Hence, they also deserve a place alongside Microgaming as pioneers of the online gambling world.
Boom of the Online Casino Websites
Once these first few online casinos came into being, it didn’t take people much time to understand the huge potential of this industry. A good number of casinos emerged leading up to the turn of the millennium. Every operator tried to be the best, offering a large variety of casino games. And since computer technologies were fairly new at that time, companies had to work really hard to get people’s attention. That’s how the ‘welcome bonuses’ came into existence!
The demand for the online casino games and the competition between gambling platforms resulted in the introduction of various new age casino games, many of which were developed by Microgaming.
Today, the online gambling industry has come a long way from where it started, with mobile casino games and cryptocurrencies leading them into the next era.