Facts about online casinos
The origin of online casino is just a couple of decades old since 1994 when first gambling software was developed by Microgaming and launch of first online casino at InterCasino was made in1996, still a popular brand. InterCasino offered only 18 casino games at that time. In 1995, Cryptologic created encoded communication procedures to ensure security of money transactions at online casinos. Online casino industry developed thereafter at a rapid pace as people considered it as an easy and reliable type of gambling mode. But enactment of the Unlawful Internet Gambling Enforcement Act (UIGEA) in the United States in 2006 had an adverse effect on this industry because financial institutions were finding it difficult to continue with transactions for online gambling sites.
Boost of this industry
Social gambling gave boost to the development of this industry. With excessive use of computers in everyday use, the industry got a further boost. Later on, use of android mobile phones and availability of apps, that could run on mobiles, resulted in a spurt in the popularity of online casino games and consequent worldwide growth of the industry. This industry has been generating massive revenue for its components as well as the governments in many countries. Indonesia is one of the leaders in this industry as a developer of most popular online casinos and casino games. A few other countries are following pace of this rapid development. Lucrative schemes such as Free Bet No Deposit available on different websites and a few attractive offers available at different online casinos such as 10 pound free bet no deposit and free spins offer like free 10 no deposit required are enough to lure many customers.
Many countries are finding it difficult to make regulations for the use and distribution of online casinos because online gambling rules frequently follow the technological development. Online casinos have no legal recognition in many countries, but the progress of online casinos in unabated.