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History of iGaming

History of iGaming - Information for Getting a web based Gambling Employment


iGaming

If you are interested in acquiring a web-based gambling work it is vital to grasp the background of the industry.

In 1994 one of several first software improvement organizations Microgaming was set up pursuing the Cost-free Trade and Processing Zone Act in Antigua. The top start off was beneficial & Microgaming gained a real competitive advantage in the technology behind on the internet betting & casinos. However it took 2 years before Intercasino launched the very first internet casino which could accept real money wagers in October of 1996.

It wasn't long before the burgeoning business came under the scrutiny from the authorities in America when Jon Kyl attempted to introduce the Internet Gambling Prohibition Act which planned to make it illegal for any company to offer on the web gambling to any US citizen. However the bill failed to make it through congress but gave a glimpse on the industries strained relationship with the US authorities.

By 1999 there were already up to 700 on-line casinos offering on the internet betting opportunities impressive given the slow uptake from the internet amongst the general public. It was also around this point the introduction of more sophisticated computer software from Boss Media allowed for multiplayer games with the ability for users to chat to each other. This new technology had a huge impact on the business & really helped create an involving & social environment to gamble.

The following year was hugely significant as Cryptologic are listed on the NASDAQ exchange. The company who provided encrypted electronic payment technology were proving a success with both customers & investors. Also having plenty of success was a winner on The Sands on the Caribbean on-line casino won $400k at the date the largest on-line casino payout.

But by 2002 that had already seemed like a small win with a number of winners taking home more than a million dollars in on the internet casino winnings. Inevitably these wins drew even more of attention from the US government who began creating a series of laws which would all but outlaw on the web gambling with a bill that prevented online gambling.

This gives you a basic introduction to some on the historical background to on the web gambling business, the perfect foundation if you're looking to get an igaming job.