{"id":1573655,"date":"2022-02-04T09:40:03","date_gmt":"2022-02-04T14:40:03","guid":{"rendered":"https:\/\/bagogames.com\/?p=176038"},"modified":"2022-02-04T09:40:03","modified_gmt":"2022-02-04T14:40:03","slug":"the-impact-of-new-technology-on-the-world-of-online-gaming-and-online-casinos","status":"publish","type":"station","link":"https:\/\/platogaming.com\/plato-data\/the-impact-of-new-technology-on-the-world-of-online-gaming-and-online-casinos\/","title":{"rendered":"The Impact of New Technology on the World of Online Gaming and Online Casinos"},"content":{"rendered":"\n
Around the world, technology has had a profound effect on almost every industry. A lot of new advancements have impacted the online gambling industry, too. The only way to place a bet before the internet was to visit a physical casino or bookmaker.<\/p>\n
It\u2019s no surprise that digital advancements are driving disruptive innovations in the iGaming industry. Thanks to their increasing presence on the Internet, casino games are now accessible to a wider group of players worldwide. Therefore, gaming at online gambling sites<\/u><\/span><\/a> is now much more popular, and the casino experience is now more realistic, absorbing, and exciting.<\/p>\n <\/p>\n Antigua and Barbuda\u2019s Free Trade and Processing Act of 1994 allowed several companies to receive a license to launch their online casino platforms. Online gaming was first legalized and regulated by the Caribbean government. A UK company named Microgaming also created and launched its first best paying online casinos<\/u><\/span><\/a> in 1994. During the development of the online gambling industry, this was a major event. The company continues to exist today and is one of the top popular casino game providers.<\/p>\n With fast and safer online money transfers, CryptoLogic was a significant innovation when launched in 1995. They also launched a website that is among the oldest online casinos still operating today. Microgaming released their online version of traditional games like blackjack, poker, and roulette in 1995, too. Back in 2008, NetEnt, a pioneer in the online gambling industry, released its first online games and continues to be one of the best and most innovative developers to this day.<\/p>\n Over the years, the availability of online gambling has increased all over the world, including eSports, sports betting, novelty betting, in-play betting, bingo, horse racing, slots, blackjack, roulette, baccarat, poker. In 1996, there were fifteen gambling websites, but in 1997, there were two hundred. Texas Hold\u2019Em was introduced to online gambling in 1998, making it more accessible for Internet users.<\/p>\n While online gambling has continued to grow and progress, its popularity declined in 1999 when the Internet Gambling Prohibition Act was passed. The act intended to prohibit the offering of any online gambling product to a US citizen. This act failed to pass, and in the same year, an online multiplayer game was introduced so that players could play and chat simultaneously.<\/p>\n In May 2000, the Australian Federal Government passed the Interactive Gambling Moratorium Act, banning all online casinos unlicensed before that date. It led to several laws and lawsuits around the world. Nonetheless, that didn\u2019t stop the massive number of players online to grow up to 8 million by the year 2001. The value of the stocks of online gambling companies also increased, reaching $4.5 billion in 2002. The UK established eCOGRA in 2003 in order to further regulate online gambling. In essence, eCOGRA is an organization meant to certify online gaming systems and software.<\/p>\n Aiming to further legalize online gambling, the United States government went after national broadcasters and media outlets asking them to stop advertising it, as it may be illegal. The government of Antigua claimed that this could be a violation of the free trade agreement signed in 1994. Although online gambling faced seemingly insurmountable difficulties, it still spread throughout the world. At the end of September 2006, there were approximately 2,600 online casinos available on the market.<\/p>\n <\/p>\n There were only a few companies offering internet gaming services before internet gambling websites emerged. Gambling has, however, been made more accessible to more people thanks to technological advancements. It is now possible to play online casino games for free without requiring a download. There\u2019s a strong market for online slot machines, card games, and lottery games. There are a number of online casino sites that cater to casino enthusiasts around the world. The game allows gambling enthusiasts to easily communicate with their friends<\/u><\/span><\/a>, family, and even make new acquaintances.<\/p>\n <\/p>\nA Brief History of Online Gambling<\/h2>\n
The Legalization Process<\/h2>\n