Before 1800's- online casino obviously not in
existence yet but ancient European civilizations begin to game
within their community. They gamble on things like the weather
and try to predict random events. 1900's- the 1900's saw
technological advancements that would eventually lead to the
type of technology needed to establish the online casino. Where
horse and buggy were slowly being replaced for cars,
technicians were beginning to realize the potential of
technological machinery and the invention of computer like
systems. 1980's and beyond- the 1980's saw the first IBM PC and
the first of computers as we know them today. We should not
forget that there are evolutions happening to the computer on a
daily basis and the end result of all these changed is still
unknown. Technological advances and advanced computer
simulacrum made the modern day online casino that players are
used to seeing. The technological advances made the necessary
machinery that would allow for people to game against each
other and to game against the computer.
The online casino became a commodity when the
random number generator came fully into effect. The random
number generator became the dealer of the online casino that
would ensure that random numbers were being produced and that
the player was experiencing the same level of fair gaming
as was guaranteed to him/her in the land based casinos. It
was in 1994 that the Antiguan government passed a law that
allowed for the basing of the online casino to be in Antigua's
borders. This was referred to as the Free Trade and Processing
Zone and this is when many of the notorious names in the online
casino world were birthed. After the conventional online casino
launched been over exercised, online casino sites began to
put in other features that would make them indispensable.
Some of these include the feature of live dealers, bingo options,
and poker room affiliate links and of course, affiliated programs
that would make networking possible for the online casino.
In 1995, Crypto logic was developed
and this online casino technology became the first generation
of what was next to follow.
The first online casino to actually accept real money wagers was
Intercasino and this took place in the year of 1996. In 1998 there were
finally accumulated revenue reports that could position the online casino
industry in the global market. The 1998 reports showed that the online
casino industry had generated around $830 million in that year.
Once this amount was reported, as can be expected, many new investors began
to either make new online casinos or to invest into already existing ones.
The advertising world, especially online advertising companies, also
started to emphasize the potential of this market and through their
marketing campaigns; the online casino world is where it is at right now.
Casino originally, a public hall for music and
dancing; by the second half of the 19th century, the term
meant essentially a collection of gaming or gambling rooms.
The classic example of a casino,
and for long the world's best-known one, which was opened
in 1861. The casino has long been a major source of income
for the principality of Monaco.
The 20th-century casino, which may also be called a gambling,
or gaming, house or club, is a place where gamblers can risk
their money against a common gambler, called the banker, or
the house. Casinos have almost a uniform character throughout
the world. In Europe and South America, they are permitted
at many or most holiday resorts and not elsewhere.
In the United Kingdom, licensed
and supervised gambling clubs, mainly in London, have operated
since 1960. Club membership is required and easily obtainable. The
government in France, which boasts the majority of European
casinos, also regulates casinos.
In the United States, legal casinos were long operated only
in Las Vegas and other locations in Nevada, where various
forms of commercialized gambling were permitted. The economy
of Las Vegas is almost entirely dependent on the large, luxurious
casinos that have operated there since the late 1940s.
Casino gambling was introduced in Atlantic
City, N.J., in 1978, and from the 1980s casinos also began
appearing on various American Indian reservations, which are
not subject to state antigambling statutes.
Other legal casinos are located on riverboats; in Deadwood,
S.D.; and by special license in Puerto Rico. A general expansion
of casino gambling was underway in the United States by the
last decade of the 20th century. In South America, there are
casinos in Argentina, Colombia, and Ecuador. The casino at
Havana, Cuba, was closed after the revolution in 1959.
The casino typically accepts all bets made by its patrons
within a limit established so that a patron cannot win more
than the casino can afford to pay. Every game offered
gives the casino a mathematical expectancy of winning, and
it is unlikely that a casino might lose money on its games,
even for one day. Because of this virtual assurance of
gross profit, casinos regularly offer big bettors extravagant
inducements in the form of free spectacular entertainment,
transportation, and elegant living quarters. Even lesser
bettors are offered reduced-fare transportation, hotel rooms,
free drinks and cigarettes while gambling, and other inducements.
Such promotional expenses may exceed profits and cause a net
loss over the year.
Of the games played regularly at casinos, roulette
is found throughout the world, being a principal gambling
game in France, where the casinos reduce their advantage to
less than 1 percent to entice big bettors. In the America,
roulette appeals more to small bettors, and the casinos take
a larger percentage. Crap shooting attracts the big bettors
in American casinos, most of which demand an advantage no
greater than 1.4 percent, some only 1 percent or less. Slot
machines and (from the 1980s) video poker machines are the
economic mainstay of American casinos, the income resulting
from high volume, rapid play at sums ranging from five cents
to one dollar, and the ability to adjust machines for any