History of the Online Gambling Industry
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Gambling has existed thousands of years ago. We, as human beings, have the natural instinct to survive so in order to do this, we need to take the risks or gamble and hope to achieve victory in return. Gambling existed in many forms. People usually gamble on 토토사이트 who will get the largest land or who will win the war. People use coins and dices to decide on their fate and these basic notions had led to the development of casino gambling, which is very popular nowadays. With the popularity of casino gambling taking its toll for several decades now, people have learned to adapt to such popularity. Today, casino gambling has embarked on a new journey and this is to share the excitement of casino gambling to the entire world.
It all started in 1994 at a small island in Antigua and Barbuda. This was the same year when the legalization of online gambling was passed in Antigua. Because of Antigua and Barbuda, internet gambling has moved on to the next generation and continues to soar high up to this present date. Prior to the launching of the first online casino, gaming software were developed. Microgaming is the first gaming software provider that was used to power online casinos. Cryptologic, an online security software company, made the necessary steps to make online gaming safe and secure as possible.
The online casino industry definitely didn’t have a convenient start, the industries tackled issues on legality and addiction to gambling. A lot of people never really like the idea of gambling online so they promoted anti-gambling campaigns to battle its approval.
The internet definitely made great contributions to the development of online gambling. With the evolution of technology, people can enjoy their favorite casino game anytime, anywhere. But many people, especially US officials, seriously detest the legalization of online gambling. Despite the legality issues, many people still want to become part of the online gambling industry. Today, the online gambling industry is definitely on the verge of becoming one of the biggest profitable industries in the world. Online casinos continue to increase in number and various programs to promote online gambling like tournaments and World Series have already been set to provide only the best for every player. The online gambling industry is definitely here to stay and it will continue to surpass all obstacles and rise stronger than everGambling has been around for centuries. In fact, it is so prevalent in the society that it has been considered to be part of human culture. From ancient Romans, to ancient Chinese, to modern civilizations, gambling has indeed been a part of history. In fact, even some of the most famous monarchs are known to have gambled and some have also been addicted to it. Today, you will see that a lot of people from all over the world are now visiting the internet because of online gambling.
Online gambling is now one of the largest in the gambling industry. In fact, some online gambling websites are even larger than some of the major casinos in Las vegas and Atlantic City. Because of the fact that online gambling is able to provide for all people from different parts of the world, online gambling became very popularThe gambling business has always been a big business with high turnover of millions of money involved. In the united kingdom, the annual turnover, or the amount wagered, on gambling activities is estimated to be in the region of 42 billion. Base on research, in 1998, the expenditure was around 7. 3 billion.
At present, online gambling addiction has become a very common problem for many people of different ages. The presence of over 1700 gambling websites on the internet, through interactive television and mobile phones, have caused a significant increase in online gambling addictions. In other words, the convenience of gambling at home and the ease of setting up a gambling account, have given online gambling an extremely seductive and attractive nature. There is a new law waiting to be signed by President Bush which was presented to Congress that is holding the $12 billion online gambling industry by a thread. It appears that Tennessee Senator Bill Frist, introduced the bill on Saturday by joining it to the Safe Port Act before Congress took its election recess in November.
The Unlawful Internet Gambling Enforcement Act that is expected to be signed by President Bush, will practically finish off all online gambling sites by making it illegal for any bank, credit card company or online payment system to process any payments being made to online gambling companies.
Surprised at the passing of this new debilitating law, the leaders in the online gambling industry took drastic measures and started to trade off stock on the London Stock exchange which erased $8 billion from the industry. PartyGaming, the world’s biggest online gambling site said that they would cease their ties with the 920, 000 active US customers they currently have only when Bush actually signs the new act.
Although the new law hasn’t yet been signed, the industry is already being drastically affected. PartyGaming’s stocks alone have dropped 60% ending up at a measly. 81 cents a share. Other sites like SportingBet and 888 Holding were also affected by the change and have since lost a lot of money on their shares. 888 Holding, for example, had a 48% decrease on their shares dropping them down to $1. 42 on the British Market and announced that it was going to no longer continue its online gambling business in the united states.
Gambling has existed thousands of years ago. We, as human beings, have the natural instinct to survive so in order to do this, we need to take the risks or gamble and hope to achieve victory in return. Gambling existed in many forms. People usually gamble on 토토사이트 who will get the largest land or…