Published on 24 September 2016 by Gail
The online casino industry has been growing at a fast pace over the last few years. Ever since its introduction in the mid-1990’s and the subsequent Black Friday, it’s been hitting the headlines. Read on to learn more about this fast-growing industry.
History of Online Casino
In the not so distant past, there was a time when online casinos didn’t exist. It’s hard to imagine that in our lifetime, casinos only existed in physical locations and slot machines were extremely limited. The story of online casinos started as recently as 1994 when the Free Trade and Processing Zone Act was passed in the Caribbean Island of Antigua and Barbuda.
Over the following years, the online casino industry started to grow slowly but steadily with many online casinos and sportsbooks popping up promising better software programs. The first ever progressive jackpot also appeared at this time. The games were mostly classic slots and a few table games such as blackjack sporting very bland graphics.
It was at this time that NetEnt was founded to address this need. Gaining its roots in traditional casino, NetEnt’s story commenced in 1996 when Bill Lindwall’s son, Pontus Lindwall started the company in the mid-1990’s at the time the first online casino was launched in 1996.
As the new millennium rolled out, more and more progressive jackpots were introduced. In 2001, gambling went global as UK territories Isle of Man, Alderney and Gibraltar began to offer licenses to an industry already generating over $2.2 billion in revenues with US players contributing to two-thirds of the total revenue.
It is also worth mentioning that the tiny island of Malta, based in the Mediterranean played a huge role and is potentially the most important online gambling jurisdiction globally. It has been granting licenses to over 380 online gaming sites since 2000 via the Public Lotto Ordinance and the Malta Lotteries and Gaming Authority.
Furthermore, the British territory of Gibraltar is also home to 280 online gaming sites. Better known for its offshore banking credentials, Gibraltar offered the best infrastructure for gaming operators with the first companies opening offices in 1998.
Undeniably the most significant day in the online casino history was April 15th, 2011 when the US Department of Justice (DOJ) shut down a number of poker sites in an event better known as Black Friday. The three largest poker networks open to US players: PokerStars, Full Tilt Poker and Absolute Poker were shut down in a matter of hours causing a major stir and changing the face of online poker forever.
In 2011, new technologies began to emerge. NetEnt launched mobile games for the first time after many years of providing slot machines to a number of East European countries.
In 2013, online casinos went on the move when mobile gambling exploded onto the scene. Most online casinos have created mobile apps for their brand where people can play slots, place bets or play online poker on the go on their smartphones or tablets. Currently 85 countries have legalized online gambling with the biggest majority being European countries contributing to a $35 billion industry.
Why playing online is better than land-based
The answer is fairly simple. The casino games available today not only offer a high entertainment value via their design and well-thought out story, but also offer the best value possible. These include enticing themes with focus on unique game features and much bigger chances of winning a large sum of money.
Throw in a vast mix of selection, constant flow of promotions and the fast processing of winnings and you won’t be able to remember the last time you had so much fun. When was the last time you went to a land-based casino with a large wad of cash? Probably never. However, when it comes to online casino, you can keep the fun going with player-friendly features such as Autoplay, easy to navigate functions and a clear payout table. The graphics are stunning and the sounds are realistic. You only need to play to know what we mean.
Constant flow of promotions at online casinos
The offers start flowing the moment you sign up to an online casino where you can snatch up some generous welcome packages. Some casinos go further and even throw in no deposit free spins and free no deposit casinos bonuses.
Casinos such as 888 casino and Thrills offer a 100% deposit bonus of up to €100 while others such as Casino-X offer a 100% deposit bonus of up to €2,000 plus 4 more reload bonuses and 30 free spins to kick off your gaming experience.
Following your welcome deposit bonus, many even provide you with reload bonuses to keep the rewards coming. There is always something happening at online casinos. Whether it’s Christmas-time or Halloween, you can rest assured that there will be a constant stream of promotions flowing your way. Make sure to snap up the best offers and to check out all the latest promotions right here at NetEnt Casino.
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