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Cryptologic licenced all their software with a company called Wagerlogic. This meant that the second casino to launch as a fully-fledged commercial online casino was by Cryptologic; the online casino was called Intercasino, which is still around today.
Despite Intercasino not being the first online casino, there is some argument that it was the first fully commercial casino to have been launched because Microgaming had only developed the software and not the management systems, which were created by Cryptologic.
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Between and the number of online casinos that players could register for had risen from around 15 to as many There were plenty of entrepreneurs and business investors out there that saw the opportunity to make money from the online casino scene and quickly jumped on the bandwagon.
One of the most popular and long-established online gaming licencing committees came onto the scene in The Maltese Lotteries and Gaming Commission is currently the most trusted online licencing body today.
Nevertheless, their long reign is now coming under threat due to the new rules in others countries in respects to real money gaming online.
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With recent adjustments to the way online gambling licencing by local governments has been enacted, there has been a large dent into the future of the long established licencing committee of the Maltese Lotteries and Gaming Authority.
Also, another problem has arisen over the years due to financial control. One of example of this financial problem was proved in the US. In there was Black Friday that targeted mainly poker sites, but also hundreds of online casinos that were not keeping the cash players deposited in a separate account.
Instead the companies were using player account money on other investments within and outside of the online gaming markets.
The same policies were also being applied by many other online casinos on a global basis. As a result, the number of complaints regarding apparently unethical financial practises were on the increase, which was invariably caused in tandem with the ever-increasing number of online casinos.
The line of thought behind this financial fiasco was that if the online casino were to go bankrupt, there would be no way for the casino to pay all their players back quickly enough or within a reasonable amount of time because a lot of their deposited cash would be tied up in investment plans.
Also, should an investment go wrong, then some players stood the risk of never getting their money back.
It was both the legal implications behind the ability to make a valid or affordable dispute against the online casinos and the financial investment fiasco made by online casinos that meant governments had the perfect reasons to step in and create local licencing and taxation laws.
This has all been done under the guise of player protection. On the positive side, now in many countries, player cash balances are fully protected.
Licencing stipulates that the combined cash total of all player accounts must be kept in a separate bank account. In addition, legal disputes would have to be contested by the casino from within the country they are licenced; therefore, if you are a British citizen and want to make a legal dispute, the likelihood is that the online casino has a British licence and so the case would be heard in the UK.
Today, the online casino market is now a tough market to crack with many of the big names in deals with software developers that have saturated the casino platform market.
There have also been many unethical online casinos that have come and gone. On the ethical side, only the biggest and most honest brand names have survived the cut.
They have profited from honesty and today very few unethical online casinos if any at all are remaining in the online world of gaming.
Only those that have proper licencing, good feedback and word of mouth online and proper financial facilities have managed to build successful brand names.
Consumer trust is at an all-time high and players are being paid instantly for big cash wins. Globalisation is largely down to the rise of the World Wide Web and the global reach of the internet.
This has meant more companies have been able to merge, become acquisitioned by bigger real money gaming providers and knowledge sharing is much easier than it has ever been in the past.
In the past you would need some kind of casino software to operate games locally on your PC, but nowadays the concept of downloading casinos is one of personal choice and appears to be less popular than using downloadable versions.
It is the new HTML5 web-based instant play casinos that are the most popular. With technology so advanced today, the graphics, 3D effects, sounds, game speeds and animation are fully controlled by intelligent online casino platforms.
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This means on a Microgaming platform, you will see games from NYX and vice versa. This is a brand new and exciting concept. Real money mobile casinos are now the latest fad.
Before smartphones online casino companies were already tapping into ways to stream their games to mobile phones. However, then came smartphone technology, touchpads and 2G, 3G and now 4G internet connections.
This new technology cracked the market bringing to the table a brand new way to play real money casinos while on the move. The main reason for this was because HTML5 and instant play software were created.
Mobile devices do need to download anything, and instead, the mobile casino member only needs to follow the shortcut to the casino, log on, and play any instant games available to them.
This has meant Android boasts the largest number of real money games at present, but iOS is now in full swing and developers are closing the gap.
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January 3, Iran to Consider Making Online Gaming Crimes Eligible for the Death Penalty And you thought the Wire Act was harsh. Written by: Steve Bittenbender.
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December 4, GTO vs Exploitative Play In Poker: Which Is Better? Recent Blog posts. PLAYER ASSIST. CASINO GAMES. Your safety is our priority.
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