It was the year 1994 when Caribbean nation of Barbuda and Antique decided to pass the Act called "Free Trading and Processing Act", letting licenses to such organizations that are applying for online casinos. Prior to online casinos, Microgambing had developed the very first full operating gambling software. This was protected with the software designed by Cryptologic, an online software security company. After the confirmation of safe transactions online, the first ever online casino started its journey in the year 1994.
During 1997 and 1998, the signifcant change was noticed in the online gambling industry. Suprisingly, the online gambling websites exceded from 15 to 200 between this year alone. According the a research performed by Frost and Sulivan, it was reported that the revenues from online poker gambling exceeded $830 million in the year 1998 alone.
In the year 2000, the first Australian Federal Government decided to pass the Interactive Gambling Moratorium Act, which made it illegal for an online casino to operate without license. Thus, Lasseter’s Online turn out to be come the one and only online casino that was legally available in Austrialia, but Austrailian citizens were not allowed to place their bets on this site.
By 2001, it was figuerd out that the estimated number of players who particiated in internet gambling increased to 8 millions and the growth was unstopable, despite the lawsuit and legislation challenges.
In the year 2008, H2 Gambling Capital annoucned the worldwide internet gambling review to be $21 billion.
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