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Microgaming and the History of Online Gambling

Online gambling first appeared on the internet in the mid 1990s. In 1994 Microgaming software was founded and still has the corner market today in many of the online casinos. Microgaming is chip software that runs the various machines found in land and online casinos. There is some debate as to who was the first casino to pop up on the internet and most would say InterCasino first appeared in 1996. However; there are others who claim that Microgaming’s Gaming Club was the first online in 1995.

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From the first casino to go live on the internet, casinos continue to improve their operations online and tweak the software, servers and connections that cater to the players on the World Wide Web 먹튀검증업체 먹튀폴리스. Regardless of slow bandwidth causing connection problems for the players, the industry still raked in an estimated $834 million in 1998.

Intertops was the first online sports-book to appear in 1996; however they have been in operation long before that by taking phone bets since 1983. Intertops is still going strong today and is satisfying over 180 countries with their service.

Online poker first sprang up at the start of 1998 and was facilitated by Planet Poker. Following suit was Paradise Poker in 1999, Party Poker and Poker Stars in 2001. Planet Poker is still in operation; however they no longer allow real money to exchange hands. By 2008 Party Poker had lost the lead in the industry to Poker Stars and Full Tilt Poker, estimated by the number of players online.

The popularity of online gambling does not seem to be decreasing since its birth. With state of the art technology, online casinos have the ability of offering real time play and instant spin capability, thus satisfying all sectors of the gambling industry and increasing revenue. The casino software available today is not only advanced for the players utmost enjoyment but is completely secure.

In 2010 the online gambling industry grew by 12.5% with gross revenues of close to $29.95 billion, regardless of the perceived recession. The online casino sector grew an estimated 13.3% in 2010 and brought in an estimated $2.67 billion. The most money contributing to the gambling revenue online is generated by sports betting at about $12 billion.

Online bingo stole the lead in being the fastest growing sector for 2010, estimated at 28.4% growth and to the tune of $2.67 billion. Although poker is the most talked about, it was deemed the slowest growing online gambling sector which generated about $5 million.

In 2006 many of the online gambling companies decided not to allow USA players spend money in their establishments anymore due to the uncertainty regarding laws of offshore gambling, following the passing of the Unlawful Internet Gambling Enforcement Act. There was a great debate regarding different states that were legally able to gamble and those who were not. Many of the casinos revised their policies regarding USA play since that time and now the majority of online gambling establishments will again accept USA players.

It’s been advertised globally and has been poised to be the ‘biggest online casino event’ that the industry has seen yet and it’s even been compared to the Olympics, but does the International Casino Games have what it takes. Lil’ Dice takes a look at the online casino industry’s latest trend towards multi-player tournaments and unimaginable prize pools that are believed to be the biggest in the industry.

The International Casino Games was launched with much anticipation on 4 July 2005, and casino veterans and beginners alike were set to go head to head in the first tournament that not only sought to bring players from different countries together but a host of different games are offered so that everyone has a chance to play their favourite games in an exciting online environment. There was a bevy of excitement amongst the Fortune Lounge Group when they tested the waters by first rolling out the International Casino Games on its steadfast and reliable Royal Vegas Casino brand. This got the ball rolling in a six-month tournament period where players compete in a variety of games including slots, video poker and table games.

As if that was not enough to entice players to game away countless hours of fun at their PCs, there is a total of US$1.5 million up for grabs in cash and prizes and a chance to win an all-expenses paid ticket aboard the Caribbean Princess, a luxury liner where players will stand a chance at winning a $250,000 grand cash prize and the champion title. This is the world’s first and largest casino event of its kind and is set to become an annual gaming calendar highlight.

International Casino Games has been running for about a month and it has not generated the interest that is expected for an event of this proportion. This is a tournament that could be set to revolutionize the industry of online gaming, and I think it begs the question of why such an event has not received the due it deserves. Some say that events like the International Casino Games, which are attached to offline marketing events like party cruises or tournaments aboard luxury liners attribute to people’s lack of interest because they are seen as “just another sweepstake” or another tactic to get the public’s attention.

It is still early days to predict the fate of the International Casino Games and I think it is not only a question of lack of understanding of what the tournament stands for and what it is essentially, but the fact that it is an online tournament that is linked to an offline event. This could be one of the mitigating factors that confuses gamers because they don’t understand the outcome of the International Casino Games, and they’ve been bombarded with the figures of the tournaments and prize pools as opposed to what it means for them to be part of the tournaments.

Take for instance the name, “International Casino Games”, this alludes to a challenge, an extraordinary competition that will decide the real victor from the common player. It also connotes a dilemma between what games really mean to people and how one perceives online gambling in general. For instance, picture the first type of gambler – new to the scene, wanting to try out all games and test his hand at trying to wager and win online. On the other hand, you get the gamer who is interested in winning the game, who wants to know the game’s rules, its strategy and feel the thrill and adrenalin rush of playing what could be also be seen as a type of sport. This is really what is facing the International Casino Games’ success rate and the state of online gambling in general.

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