Key Changes That Driven the Online Casino Industry
Today's online casinos are the result of years and years of activity. The gambling industry, as well as others, has been affected or driven by various events, sometimes from outside, sometimes from gambling itself. One cannot look at the sector without necessarily taking into account certain transcendental events that acted as a stimulus for operators and users both physically and virtually. About some of those events we talk below.
Rise of the internet
As a result of the internet boom in the mid-90s, games from the physical space began to gradually move into the digital world. Although the history of the online casino dates back to the 70s of the last century with the emergence of the first software, it was not until that stage that an expansion of the industry could be verified. More about history and trends in online casino industry read at OnlineCasinoPulse best online casino guide. Today one cannot talk about betting without alluding to the million-dollar investments that are made from all over the world in digital portals. With the consolidation of the internet, the gambling industry claimed a great victory: the complete conquest of the digital plane.
Opinions on international laws on gambling
Since the flourishing of virtual betting in 1994, the state of Antigua and Barbuda signed official decrees known as the “Free Trade Agreement and the Process Zone Law” . These, together with other documents, went on to strengthen the betting sector at a virtual level. The decree conferred the power to the government of Antigua and Barbuda to issue official licenses and control online gambling. This good news also brought with it the creation of the first Online Gaming Tribunal and the General Directorate of Gaming , bodies that began to be in charge of auditing and controlling the new houses and all their operations.
Inclusion of cryptocurrencies
The anonymity offered by cryptocurrencies came to fit the need of many users to keep their bets secret. Although with other payment methods the security, speed and limits are quite high, with digital currencies such as bitcoin all this is oversized. Cryptocurrency wallets are now located in a large part of secure online casinos for both deposits and withdrawals. They are backed by impeccable security protocols and every day they appear in more and more operators internationally. The inclusion of cryptocurrencies in the casino space came to add new followers to online entertainment portals.
Optimization for mobile devices
The planning of the games and the entire system of a betting website, from its very creation, are focused on mobile technology. Although the first casinos that decided to migrate their games thought about it more than twice, the need and importance of ensuring that each person had access to the casino at any time and place was quickly verified. Statistics attest that in many countries mobile web traffic is way ahead of desktop traffic.
Legalization of online gambling in multiple countries
Not all territories in the world have laws that protect the movement of cloud casinos; However, where digital gambling is legalized, it is well known that this fact is responsible for driving the industry within that territory.
Virtual portals did not always have secure systems to process the personal and financial information of their clients. However, over the years engineers and developers figured out how to give bookmakers enhanced security and encryption protocols. Today, identity theft is almost unlikely while users bet on their favorite games. You don't hear of fraud, scams when it comes to extracting the prizes from the platforms to the personal cards of each player. As long as casinos with licenses that work with 128-bit SSL certificates granted by authorities such as RapidSSL, Digicert or COMODO are chosen, these situations do not occur.
The foundation of international entities that regulate gambling and are responsible for fair play
Despite whether or not online gambling is legal in certain territories; or if a casino is approved or not by the government, gambling houses remain regulated by international entities that are in charge of auditing all their processes. The birth of entities such as the Malta Gaming Authority (MGA), the Gibraltar Regulatory Authority (GRA), eCOGRA, iTech Labs, Technical Systems Testing (TST), BMM TestLabs, or Gaming Laboratories International (GLI) make this goal a reality.