History of Online Casinos

Gambling has existed for thousands of years. But new era of gambling started with the "Internet". The Internet has changed our life in so many ways, and the evolution of new technology made it possible to gamble at your own home as long as you have a computer connected with internet.

Online Casinos, Online Poker Rooms, Online Bingo Halls....There are so many places to bet online today, and became such huge business.
Although recent issue about the legal standing of online wagering in general made a headline. The United States Congress passed a bill that made it illegal for banks and credit cards companies to process payments from U.S. residents to online gambling companies on September 30 2006.
Because of that, some of the biggest online gambling company like Party Gaming, which operates a famous Party Poker's stock was dropped 56 percent in the matter of a day. 888 holdings went down 27 percent and Sportingbet's stocks fell 56 percent and has recently sold its American division to Jazette Enterprises for $1 in order to get rid of a $13.3 million debt.

The first online casino software was developed by Microgaming in 1994.
Since then, many online gambling sites have followed.
CryptoLogic provided the much needed secure online financial transaction system which was developed by brothers Andrew and Mark Rivkin. This software made it possible to safe and viable internet transaction, all from the basement of their parent's house.

This led to InterCasino, the first online casino to accept a real money wager online in 1996.
There was a lot of issue about the legality in the begining, especially in U.S., and many went against the idea of online gambling, but the excitement of gambling is something that worth fighting for since you can find gambling in every culture and in every century from Ancient China to 21st-century.

That is a critical time for the online gambling indutry, and it may kill some of the small ones, but gambling is something that always survive, and it will find the way to come back.