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January 7, 2018

Historical Overview Of Gambling Online

A rough search over the internet will reveal a myriad of online gambling sites. Some of these platforms are relatively new into this booming industry, while others have a considerable experience. Well, a clear look into the historical perspective of gambling online traces the origin of this practice way back in 1994. During this year, a landmark act Free Trade & Processing Act was passed. This opened a floodgate of online ventures including online casinos. Intercasino, Cryptologic and Microgaming became the first companies to specialize in this line.

The Trajectory Of Growth Of Gambling Online

From 1994 gambling online has grown into a phenomenal industry with huge amounts of money circulating in such sites. The unprecedented speed with which online gambling industry has grown calls for regulation to stamp out rogue sites. As such, among the pioneers of online gambling licensing was the Kahnawake Gaming Commission that was established in 1996 to oversee online gaming and ensure compliance with online gambling set standards. From then, this regulatory body has grown to license major poker rooms and online casinos across the globe. Other regulatory bodies that have been authorized to inspect on gaming standards compliance include the UK Gambling Commission and the Malta Gaming Authority. There is also the eCommerce Online Gaming Regulation and Assurance (eCOGRA) a London-based company that tests and approves online gaming sites within the context of fairness and security. The mid-1990s experienced a technological revolution with the internet age disrupting almost all business frontiers. This period and the early 2000s witnessed a proliferation of casino sites with some specializing in gambling online sports. Since then, a number of software designers have increased ten fold with examples including NextGen, BetSoft, Play'n Go, and QuickSpin Gaming. Global virtual casinos that offer a variety of games and even Sportsbook like Bet365 have become household names. The increase in gambling sites has also led to the development of attractive packages in terms of bonuses so as to attract the ever expanding customer base. Nowadays, online casinos have resulted to offering mobile friendly gaming software as iGamers are increasingly gravitating towards mobile gaming. From desktop gaming to casino on mobiles, online gambling has been quite a journey.

A Comprehensive Summary On Gambling Online

Gambling online is a booming virtual venture that has grown immensely since the mid-1990s. Companies like Microgaming and CryptoLogic have grown to attract others like QuickSpin and BetSoft. Initially, online gambling sites concentrated their efforts in offering desktop games, but the increasing uptake of mobile gaming has led to the emergence of gaming designs that are playable on basic flash players. Any genuine business requires regulative laws, as such gambling commissions and authorities like Malta Gaming Authority have emerged. Like all businesses and inventions with humble beginnings, online gambling has expanded with some online sites offering an option for live bets.

Online Gambling Historical Perspective At Aboutslots

Online casino providers all over the world have continued to adapt to changing gambling demands. At Aboutslots, you will get some of the casino bonus structures that casino providers have adopted to attract gamblers to their live casino streaming games.