Article by Sarah Harrigan
Online casino gambling made its first debut on the internet in mid nineties. This came about when 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 (through Offshore Accounts). At just about the same time that this law was being introduced the very first online gambling developing software provider was being formed called ?Microgaming?. With these new developments in favor of online casino gambling there was no stopping the rising success of the online casino gambling industry.
This law is directly responsible for making online casino gambling the huge success that it has become, and even today most online casinos operate in accordance with this ?Free Trade and Processing Zone Act?, and Antigua and Barbuda continue to be the number one choice of licensing jurisdiction in the online casino industry. During that same year, many online casino Companies as well as online gaming developing software Companies were formed, including the Company ?Cryptologic? which was responsible for developing the first security software needed to ensure safe monetary transactions over the internet.
A note of interest: InterCasino was the first ever online casino to open up for business on the internet and is still open to this day.
There is no doubt that online casino gambling was on a roll although not everyone was in favor of this new way of gambling; as a matter of fact there were many who questioned the legality of online gambling in general.US Senator John Kyl was the first to speak up against online gambling and attempted to make online gambling illegal by introducing ?the Internet Gambling Prohibition Act? several times but to no avail. Still, online casino gambling continued to grow in popularity, more and more people were becoming aware of the benefits of gambling online. Probably the most alluring of all was the fact that one did not have to leave the comfort of their own home to actually have some excitement and fun of and an actually casino and still had the same possibilities of winning a little cash, or perhaps even hitting a big jackpot.
In 2006 the USA passed a bill making it illegal for commercial banks and credit card companies to conduct business transactions on their customer?s behalf when pertaining to any online gambling transaction. This resulted in many online gambling casinos refusing to accept USA players, although there are still quite a number of websites that still accept USA players. Also because of this new law most online casinos are opting for alternative methods of money transfer methods such as e-wallet, PayPal, Click2Pay, e-cash and a lot of other internet based companies that offer these type services. Despite what some people might want to believe online casino gambling will be around for a long time to come, some people just love the thrill and fun of gambling, and they will find a way to gamble no matter what anyone might believe.
About the Author
Sarah Harrigan is a professional casino player and reviewer. For straight talking honest advice on online gambling be sure to visit her website for comprehensive reviews on the most secure online casinos and winning casino strategies.
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This entry was posted in Gambling and tagged Brief, Gambling, history, Look, Online. Bookmark the permalink.Source: http://gaming-shed.com/2011/06/16/a-brief-look-at-the-history-of-online-gambling/
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