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Online casino is a derivation of the land-based traditional casino, also known as virtual casinos or gambling sites and providing diverse games or possibly a single one determined by the website operation, franchise, etc. The internet casino offers generally better odds than land-based casinos for games such as slot machines where the prospects of winning are regulated through the house, the so-called house advantage.
On August 18, 1995 the world’s first online casino debuted, Internet Casinos, Inc. (ICI) operating with 18 different casino games and for the very first time offering also online access to the nation’s Indian Lottery. However, considering that the early days ICI operates out of the Turks and Caicos Islands, outside america in order to avoid government prosecution.
In addition, in the mid 90’s, two other online casino’s made their debut claiming to be the first; The Gaming Club and Intertops casino and sports book, which in fact launched the first online sports book before Internet Casinos, Inc.. Building a reputable service with reliable payouts, high security, efficient customer support, and serving a sizable range of customers excited with this new gambling modality, the online casino succeeded.
The spring of 1996 brought into the gambling scene a second sports book preparing to launch an online casino since they did. The Interactive Gaming & Communications Corp. (SBET), soon being a publicly traded company listed on NASDAQ. The financial success of this online casino is not only the net, but in addition the acceptance of bettors’ sports wagers via telephone calls to Antigua on a toll-free line via satellite.
Due the American gambling laws of regulations, the online casino industry has been developed mainly from the Caribbean Islands nations, and from Asian and European countries where even governments have also entered the business holding their very own gambling sites, like Liechtenstein’s government operating an online international bookie lottery online, not just in German but in six different languages to drive international traffic.
Atlantis, was the first online casino based in Great Britain and licensed through the Isle of Man, an inspirational fact that made Sol Kerzner, its owner, develop a whole new concept in online gambling; the thematic online casino.
Today, this online casino has become one of a kind offering from five-figure slots payouts and progressives, offering free trips to Atlantis, the Paradise Island in Bahamas, and property of Mr. Kerzner. Atlantis was also the first casino recognizing the importance of players introducing the VIP program, exclusive for London Club’s Members.
As outlined by Rolling Good Times Online, a popular gambling magazine, currently you will discover 452 gambling-related sites via the internet with thousands of subsidiaries, affiliates, franchises and co-branded sites, and the overall marketplace for online gambling is estimated at approximately $49 billion worldwide generally.
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