Tuesday, 20 February 2018
The History of Online Casinos
If the creation of online casinos can be contributed to just one major event, that would undoubtedly be the passing of the Free Trade & Processing act in Antigua and Barbuda. This law was passed in 1994, and gave the Caribbean nation the power to grant licenses to companies who want to start online casinos. Around the same time, another important event occurred – a software company called Microgaming was established.
They were the people responsible for the creation of the world’s first fully functioning online casino, called The Gaming Club. Even though other companies have made similar claims, Microgaming is probably the company who spearheaded online gambling. They are still active today, and are considered one of the very best in the business.
In 1995, another important player makes an appearance. CryptoLogic are a company that specialises in real money transactions over the Internet. They launched InterCasino – one of the oldest online casinos that still function to this day. CryptoLogic revolutionised the way money transactions work online, making the process fast and safe for players
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