If you're interested in obtaining a web-based gambling job it is important to grasp the heritage in the industry.
In 1994 among the very first software development firms Microgaming was proven adhering to the Free Trade and Processing Zone Act in Antigua. The top start off was valuable & Microgaming gained a real competitive advantage in the technology behind on the web betting & casinos. However it took 2 years before Intercasino launched the very first internet casino which could accept real money wagers in October of 1996.
Betting Platform Provider
It wasn't long before the burgeoning business came under the scrutiny in the authorities in America when Jon Kyl attempted to introduce the Internet Gambling Prohibition Act which planned to make it illegal for any company to offer online gambling to any US citizen. However the bill failed to make it through congress but gave a glimpse on the industries strained relationship with the US authorities.
By 1999 there were already up to 700 online casinos offering online betting opportunities impressive given the slow uptake in the internet amongst the general public. It was also around this point the introduction of more sophisticated application from Boss Media allowed for multiplayer games with the ability for users to chat to each other. This new technology had a huge impact on the industry & really helped create an involving & social environment to gamble.
The pursuing year was hugely significant as Cryptologic are listed on the NASDAQ exchange. The company who provided encrypted electronic payment technology were proving a success with both customers & investors. Also having plenty of success was a winner on The Sands on the Caribbean on-line casino won $400k at the date the largest on-line casino payout.
But by 2002 that had already seemed like a small win with a number of winners taking home more than a million dollars in on-line casino winnings. Inevitably these wins drew even more of attention from the US government who began creating a series of laws which would all but outlaw on the internet gambling with a bill that prevented on the web gambling.
This gives you a basic introduction to some on the historical background to on the internet gambling market, the perfect foundation should you be looking to get an igaming job.