The world of online casinos is an ever-changing one. It’s an industry that is constantly updating and changing as new players enter the market, newcomers find ways to beat the established gaming houses, and the competition gets more intense.
Online casinos first started gaining popularity in 1998 when a small group of entrepreneurs launched Planet Poker. Even the best online casino Switzerland sites were not left out of this trend. At first, many people were skeptical about playing on this novel idea called the Internet. Since there were no established rules, regulations, or even best practices in place, it became a Wild West filled with scammers and rip-off artists who took advantage of honest players that didn’t know better. But these early adopters were soon proven wrong as many people flocked to this new type of game.
How It All Started
The first online casino software was allegedly born in 1994, although it was more of an online bingo hall than anything else. The original site was called Planet Bingo, and it only offered the one game you could play on the Web or your WAP-enabled cell phones. Some years later, in 1998, the owner sold Planet Bingo and its software development team to a UK gambling company called Sportingbet.
The world of online gaming was about to change forever. The market went into a frenzy as Microgaming released its Quickfire platform. Other gambling software developers soon followed suit and launched their online casino solutions.
The early 2000s saw the entrance of many new players into the online market, with some significant gambling firms deciding to offer full-fledged gambling products minus the brick-and-mortar overhead costs. In 2004 alone, revenues from internet casinos ranged from $7 billion to $10billion, and they have shown no signs of slowing since then.
Growth of Casino Online
In the year 2000, just one in ten people used to gamble online, and in 2012, there were more than 150 million online gamblers globally who wager more than $38 billion every year on casino games such as poker, blackjack, and roulette.
Vegas Technology is one of the leading online gambling software providers. It has developed content for more than 150 customers operating on five continents, including giants such as Betsson, Unibet, and 888. These companies have experienced tremendous success with their online casino games offering top-notch graphics and sound effects.
The US and the UK are the most prominent players in the online casino market, but there’s also strong growth happening in Eastern Europe and Asia. The UK alone has over 200 gambling operators offering real-money games to over a million players. And just like other industries such as retail, technology is making it easier than ever before for new casino operators to get their products live online.
Why Are Online Gaming Sites So Popular?
One of the reasons casino games are so popular is that they are easy to understand and play compared with most other games. People can quickly grasp rules and strategies in card, table, or arcade-style games. And most people have played board games such as chess or checkers at least once in their lives.
Another reason for their popularity is that casino games attract a lot of different types of people regardless of age, ethnicity, and socioeconomic stature. Everyone from young professionals to retirees finds something interesting in these games. It makes it easier to market and promote online casinos.
Online casinos are more popular than ever before, and the market is evolving at an incredibly faster pace. A decade ago, you couldn’t even play casino games on your mobile phone, but today hundreds of casinos offer mobile-optimized content for smartphones of all shapes and sizes. The future looks bright, with innovations like cloud computing promising to change the entire gaming landscape. People can play casino games, poker, or blackjack on any device at any time they want.