Since the introduction of online gaming by Microgaming in 1994, online casinos have seen a major ascension in their growth.
We went from a few options to a whole new world on our laptops and smartphones. Gamers all over the world are able to access their favourite games in the blink of an eye thanks to technology.
This online gaming fervency recorded in the past years has encouraged most governments to establish fair laws and regulations for where only used for on-land casinos. These online gambling institutions have brought a revolution to the entertainment industry.
Are Online Casinos Worth it?
The very first gaming establishment was opened in Vernice, Italy. This rapidly became a trend in Europe where many other casinos were established in France, Germany, and the United Kingdom. With the sparkles, glamour and that unique sense of euphoria peculiar to these institutions, the casino industry has become a giant leader in the modern entertainment world.
This explains why, with the current rapid progress in technology, has sparked a rally in every exclusive online casino to improve the online gambling experience with a plethora of games such as poker, roulette, blackjack, and slots, with bingo alone yielding an estimated amount of £200 million each year. With high-tech designs and theme-based games, these online casinos offer a new world of adventure with a click.
Growing Through Legislation According to the UK Gambling Commission, online gambling has produced over £5.7bn of Gross Gambling Yielding from April 2019 to March 2020, making it one of the largest industry sectors in the UK. These statistics coincide with the implementation of several laws regarding online casinos. This sounds paradoxical because rules and regulations are often seen as a hindrance to online establishments and this could not be any further from the truth.
These laws act as safeguards to make sure gambling is safe and fair. But that is just one aspect of what they do. Regulations are equally beneficial to online casinos and that’s why we mentioned a paradoxical relationship. In simpler terms, most online casinos are willing to respect these laws because a licensed platform attracts more gamers, and hence keeps growing. It’s a win-win situation.
The World at Your Fingertips
Technology is undoubtedly one of the reasons the gambling industry is experiencing a huge ascension in online entertainment. We are far from the ever-crashing software and low-speed internet connection. Thanks to HTML5 you can stream casino games on your browser. Plus, software such as RNG randomizes the outcomes in slot machines making them fair for every user. All these innovations have skyrocketed the online gambling industry placing them ahead of the brick-and-mortar casinos.
One of the most popular casino games, poker can be retraced back to the 14th century. This goes a long way to show how gambling games have been a part of our culture. In a world of constant change, the online casino industry continues to reinvent itself and give casino lovers around the world a unique online gaming experience. With a proper blend of technology and legislation, the online gambling industry is well on its way to success.
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