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Online casino is a derivation of the land-based traditional casino, often known as virtual casinos or gambling sites and providing diverse games or perhaps a single one determined by the site operation, franchise, etc. The online casino offers generally better odds than land-based casinos for games for example slot machines where the prospects of winning are regulated by the house, the so-called house advantage.
On August 18, 1995 the world's first online casino debuted, Internet Casinos, Inc. (ICI) operating with 18 different casino games and for the first time offering also online access to the nation's Indian Lottery. However, considering that the early days ICI operates out of the Turks and Caicos Islands, outside the us to prevent government prosecution.
Also, within the mid 90's, two other online casino's made their debut claiming to be the first; The Gaming Club and Intertops casino and sports book, which in fact launched the very first online sports book before Internet Casinos, Inc.. Building a reputable service with reliable payouts, high security, efficient customer support, and serving a big number of customers excited with this new gambling modality, the on-line casino succeeded.
The spring of 1996 brought in to the gambling scene a second sports book planning to launch an online casino because they did. The Interactive Gaming & Communications Corp. (SBET), soon becoming a publicly traded company listed on NASDAQ. The financial success of this online casino is not only the net, but additionally the acceptance of bettors' sports wagers via telephone calls to Antigua on a toll-free line via satellite.
Due the American gambling laws of regulations, the internet casino industry has been developed mainly from the Caribbean Islands nations, and additionally from Asian and European countries where even governments have also entered the business holding their own gambling sites, like Liechtenstein's government operating an online international lottery, not only in German but in six different languages to drive international traffic.
Atlantis, was the first online casino based in Great Britain and licensed through the Isle of Man, an inspirational fact that made Sol Kerzner, its owner, develop a brand new concept in online gambling; the thematic online casino.
Today, this online casino has become one of a kind offering from five-figure slots payouts and progressives, offering free trips to Atlantis, the Paradise Island in Bahamas, and situs toto property of Mr. Kerzner. Atlantis was also the first casino recognizing the significance of players introducing the VIP program, exclusive for London Club's Members.
In line with Rolling Good Times Online, a popular gambling magazine, currently you'll find 452 gambling-related sites online with thousands of subsidiaries, affiliates, franchises and co-branded sites, and also the overall market for online gambling is estimated at approximately $49 billion worldwide generally.