Gambling and online casinos are not legalized by many of the governments of many countries despite that fact online casinos and other gambling organizations work without any fear with their businesses operating from foreign countries where the jurisdiction of the countries is not valid.
The government of Caribbean was held up with the charge of exporting gambling business to the United States but on November 10, 2004 the World Trade Organization (WTO) ruled the decision in favor of the government of Antigua. It was 1994 when the first online casino became functioning which was given full support and authority by the free trade processing zone act.
Cryptologic was the name given to the first ever online casino and gambling house. The free trade processing zone act permitted the functioning of casinos from Antigua and Barbados. The company started making software for online casinos and gambling and was soon accompanied by many other software firms like Starnet Communication and Micro gaming. And soon began a race among the various firms for designing and developing new software for the online gambling.
Following Antigua and Barbados was Canada which began the online gambling industry. And soon became the need of setting up of a regulatory body which could ensure fair play and working of all these casinos. The regulatory body which was set up was Kanhawake Gaming Commission.
Now there was a need for a system of depositing cash online for the business to run smoothly and this was started by Cryptologic. The business was given a boom by the Americans who began to invest highly in online gaming and started investing big amount of money in it. The main reason for Americans taking such a keen interest in online gamine was the availability of abundant internet facility to them. However, the American government took various measures to prohibit online gaming at that point of time. The American government tried again and again to put a ban on online gaming but failed to get a two-thirds majority of the House of Representatives.
The online gaming industry has reached a pinnacle and is expanding exponentially. With this expansion the efforts to become the best online casino is spreading fast. The effort to become the best online is improving the quality of the software being used and introduction of various schemes for the users. The best today are from the American gaming industry which can compete with the best online casinos in the world.
The government of Caribbean was held up with the charge of exporting gambling business to the United States but on November 10, 2004 the World Trade Organization (WTO) ruled the decision in favor of the government of Antigua. It was 1994 when the first online casino became functioning which was given full support and authority by the free trade processing zone act.
Cryptologic was the name given to the first ever online casino and gambling house. The free trade processing zone act permitted the functioning of casinos from Antigua and Barbados. The company started making software for online casinos and gambling and was soon accompanied by many other software firms like Starnet Communication and Micro gaming. And soon began a race among the various firms for designing and developing new software for the online gambling.
Following Antigua and Barbados was Canada which began the online gambling industry. And soon became the need of setting up of a regulatory body which could ensure fair play and working of all these casinos. The regulatory body which was set up was Kanhawake Gaming Commission.
Now there was a need for a system of depositing cash online for the business to run smoothly and this was started by Cryptologic. The business was given a boom by the Americans who began to invest highly in online gaming and started investing big amount of money in it. The main reason for Americans taking such a keen interest in online gamine was the availability of abundant internet facility to them. However, the American government took various measures to prohibit online gaming at that point of time. The American government tried again and again to put a ban on online gaming but failed to get a two-thirds majority of the House of Representatives.
The online gaming industry has reached a pinnacle and is expanding exponentially. With this expansion the efforts to become the best online casino is spreading fast. The effort to become the best online is improving the quality of the software being used and introduction of various schemes for the users. The best today are from the American gaming industry which can compete with the best online casinos in the world.
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