Online casino is a derivation of the land based traditional casino, also known as virtual casinos or gambling sites and offers different games or one depending upon the web site operation, franchise, etc. The online casino offers usually better odds than land based casinos for games like slot machines where the likelihood of winning are regulated by the home, so called house advantage. On August 18, 1995 the world’s first online casino debuted, Internet Casinos, Inc. operating with 18 different casino games and for the very first time offering also online access to the National Indian Lottery.
Nevertheless, since the early days ICI operates out from the Turks and Caicos Islands, outside the US to avoid government prosecution. In addition, in the mid 90’s, two other online casino made their debut claiming in be the first, The Gaming Club and Intertops casino and sportsbook, which in fact launched the first online sports book before Internet Casinos, Inc. Building a reliable service with reliable payouts, high security, efficient client service, and serving a lot of clients excited with this new gambling modality, the online casino succeeded. The spring of 1996 brought into the gambling scene a second sports book planning to launch an online casino as they did.
The Interactive Gaming Communications Corp., soon becoming a publicly traded company listed on NASDAQ. The financial success of the online casino isn’t just the internet, but additionally the acceptance of bettor’s sports wagers via phone calls to Antigua on a toll free line via satellite. Due the American gambling laws of regulations, the online casino industry has been developed Largely from the Caribbean island nations, as well as from Asian and European nations where even governments have also entered the company holding their very own gambling sites, Such as Liechtenstein’s government operating an online international lottery, 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 by the Isle of Man, an inspiring fact that made Sol Kerzner, its owner, develop a brand new concept in online gambling, the thematic online casino. Today, this online casino became 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. According to Rolling Good Times Online, a popular gambling magazine, currently there are 452 gambling related sites on the web with thousands of subsidiaries, affiliates, franchises and co-branded sites, and the overall market for online gambling is estimated at approximately $49 billion worldwide on average.