Poker Gaming Business Did you know that online gambling business is currently one of the fastest growing business categories in the world? The popularity of online gaming is increasing rapidly and this year has seen significant growth in Europe and Asia. In China and Malaysia, there are twice as many online gamers as there are Internet shoppers. Around 43% of Chinese Internet users play games online, while just 16% report that they shop online.
Poker Gaming Business
Revenues in online gaming business rose from only $800 million to over $1 billion in 1999! By year 2010, it is estimated that online gambling industry will have more than $16 billion in revenues!
But, given the resurgence in gaming revenues, most casino operators areeling up to meet demand.
Several gaming operators have built and are currently marketing their own online gaming sites, including 888 Plc, abovementioned Playtech, and Microgaming’sicutohave built their own gaming sites and are now marketing them to global customers.Poker Gaming Business
Cash could be as much as 3 times more difficult to obtain than online gaming revenue, as a result; several online gambling sites offer multiple baccarat, blackjack and roulette wheel variations as well as video poker and big jackpot slots tournaments.
So, a bit of history on how online gambling was born.
If you didn’t know, in 1994, when the first online casino was introduced, a company called Digital Gaming Limited (Gambling Limited) was granted a license from the Northern Gibraltar Port Authority, which granted permission for them to operate casino games and to allow customers to use the Internet for gambling, particularly for online gambling.
There was an instant flash in the industry, and as the technology was simple and easy to use, it was soon played by just about anyone who had access to a computer and a Internet connection.
Today, there are literally hundreds of online gambling sites, and some of the most talked about gambling sites include;
Intercasino, X Games, and PokerStars, but, perhaps the massive site that has received the most press and promotion is Ladbrokes, who was launched in 2001.
In the year 2002, they paid the first online gambling license in the United States to a company called Online Gambling Limited (OGL).Poker Gaming Business They quickly became one of the best known and one of the financially successful companies in the industry.
In 2003, they paid the Unlawful Internet Gambling Enforcement Act, the first ever U.S.
law that made the processing of online gambling transactions illegal. This act proved to be an influential factor in the industry, as well as the one that got the most tweaking from legislators. ufabet168
Maverick MoneyMGR + JoinMGR Maverick is one of the very first online gambling websites in the world.
They were designed in such a way that the gaming industry’s data and information can be shared across multiple media and databaseices, allowing for the continuation and development of the industry.
In 2004, in an effort to lure more players to their site, they offered a bonus to those who would contact them by phone or by email.
This bonus offered was called the “Make Write” bonus, in that you could increase your initial deposit with money earned from referrals made through your website.
In 2005, Online Gambling was granted a legal status by the government under the UIGEA. Poker Gaming Business This allowed Online Gambling sites to issue gaming licenses under the care of the Kahnawake Gaming Authority, to transact in and handle casino-related activities. They can also offer online gambling software, holding it as aured company, that is, one that has a monopoly on the market.
Any American Casino, poker room or sportsbook that offers players the option of depositing funds via U.S. banking institutions for play on their site may be U.S. based, and they may employ measures such as encryption to ensure that their players’ personal information is secure while they are in those online transactions.
(See the Online Gambling section of this article for information on how to find U.S.
based casinos and to understand the security measures that are in place at U.S. based online gambling sites).
The same firms that offer banking options and gaming software, wire transfer services and other such services to allow players to take money from the casino to play at their sites, are also the ones that offer players the option of withdrawing funds, at least in some cases, to spend at their sites.
The banking options available at U.S. based online casinos should be fairly extensive, though, so that players will have the option of making a deposit or withdrawing funds at the casino if they feel at home in doing so.
At this writing (2005), there are not many companies that offer an online casino gaming software download that is 100% guaranteed to be secure. Most of the available software are only programmed to surf the net and poker rooms.