The history of casinos and online gaming started in 1994 when the governing body of Antigua and Barbuda approved a law that basically authorized the issuance of gaming licenses to any person or company that wanted to open an online casino . Even though the law was approved, in fact there was nobody that could supply the necessary casino software for such purpose.
It was not necessary to wait for long because in the same year Micrograming appeared in the market, and then was followed by Cryptologic. At the time none of the two companies were yet accepted as giants of the industry of online gaming, but both companies built industriously the software and the security that were necessary and in 1996 the first online casino was available for casino players from all over the world.
From years 1996 to 1998 the industry of online casinos expanded greatly due to several facts. First, advanced technology made it possible to boost the growth of internet and access to it during these years. Second, the software developed quickly and the number of casinos increased, and this made it possible to offer a great variety of online casino games that was really great.
At that point, the gaming industry, that had been established in only two years, had an estimated value of a billion dollars and showed no signs of recession. While it obtained followers all over the world the industry of online casinos also gained detractors, though it has more casino players in the whole world.