Did you know that the awesome history of online gaming casinos goes back to the year 1994? Antigua & Barbuda was the first nation to allow gambling operators to apply for online gaming licenses. A gaming software was developed, and an encrypted communication tech followed.
To operate effectively, online gaming casinos had to take advantage of the internet. They also had to be careful and maintain safe security measures and get rid of fraud, which could be a setback to the industry. Today, most Online Casino UK use secure encryption technologies on their websites to fight fraud and hackers.
In the year 2000, online casinos had already made revenues amounting to $2.2 billion. It was in 2001 that the Gibraltar Government started licensing online casino operators.
In 2008, it is estimated that revenues from gambling were over $21 billion across the globe. It was estimated that by the year 2010, around 865 online casinos were operating. However, there was an incidence that gamblers term as black Friday that every online casino gamer will never forget, On April 2011, the FBI closed down many online gaming websites and poker rooms. But this did not prevent online gaming from growing.
Online mobile gaming got back to full swing. It is estimated that more than $10 billion in revenues were generated from mobile gaming. Currently, more than 85 nations across the globe have legalized online casino gaming. Reports suggest that the online gaming industry is worth more than $s35 billion.
Technological challenges in the online casino industry
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Online gaming is licensed in most places. However, there are several challenges despite the efficient operations and smooth functioning. One of the challenges that online gaming operators face is ways of preventing gamblers from neighboring nations that are not licensed from accessing their services. The available solution is trying to locate the players using their IP addresses and blocking them.
Another challenge was payment methods did not allow online casino gamblers to send money to the gaming companies. However, this is changing, and most payment methods are favoring online gaming.
Mobile internet accessibility is boosting online gambling
Effective mobile functionality has helped the online casino industry. People can easily access their favorite casino and play their favorite casino games on their browser or download a mobile app. Most online casinos are updating to mobile compatible software to accommodate the growing demand for mobile gaming.
The future of online casino gaming
Mobile live casino gaming has given online gamers a chance to enjoy a real casino experience on their mobile gadget. It was the change that was needed in the online gambling world. With live casino, gamers can play against dealers in a real casino via live stream. You can expect newer and cutting edge that will see live casino experience improve. The online casino industry continues to improve, and you can expect more innovation.