The Biggest Changes In The Gaming Industry In The Last Decade
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The online casino industry is celebrating its 27th birthday this year. In just two decades, a multi-billion dollar industry has formed. Land-based casinos have not seen the same changes.
The first land-based casino was founded in Venice in 1638. It enjoyed great popularity and soon after casinos were established in the Netherlands and France. The gambling business soon flourished throughout Europe. Since Nevada and Las Vegas legalized gambling in 1931, an impressive casino landscape developed there.
Gambling sites online have come a long way. When did the first online casinos come into existence and what was their historical development?
Antigua and Barbuda legalized online gambling in 1994. Microgaming was one of the first developers and providers of online software. Cryptologic developed the eCash applications for online casinos in 1995. In 2001, over 8 million customers are active worldwide. The number of casinos worldwide and online casino Chile grew rapidly. The first poker rooms were opened in 1998. One of them was Planetpoker. Canada established the Kahnawake Gaming Commission. It created laws to ensure that licensed casino operators complied with regulations. iGaming licenses were issued in the Isle of Man, Alderney and Gibraltar.
The worldwide annual turnover of online casinos reached about 21 billion dollars in 2008. In 2010, there were more than 860 online casino websites. Most of them are licensed in Canada, Malta, Curaçao, Gibraltar and the UK. The United States is reluctant to allow online gambling within their jurisdiction. The development of gambling sites has been a very fast one. It is mainly based on the Internet, the blossoming of gaming software and, last but not least, on legislation for online betting.
There have been a lot of changes in the gaming industry in last ten years.
In the last five years, live dealer games, mobile sites and apps, and dozens of new payment methods such as cryptocurrencies have completely changed the gaming industry. The industry wants to become authentic gaming experiences.
