Casinos rise and fall faster than you can blink an eye. The first casino was opened in 1941 on the Los Vegas strip; however by 1992 all of those casinos had been demolished to make way for new modern casinos. Online it has been the same evolution with casinos sprouting around every corner of cyberspace. These have come and gone faster than the click of your mouse. But how did this start?
Lets start with Google the internet search engine. Type in online casino and it brings back more than 27 million websites. The shear volume for the term online casino reflects how many people have vested interests in the gaming industry and how popular online casinos have become. The first online casinos first made their appearance during 1996 and a mere US$17 million was wagered, compared to US$3 billion by 2000.
It is estimated today that more than a trillion dollars gets spent online each year with online casinos worldwide. Bear Stearns, a leading worldwide investment banking and securities trading and brokerage firm, estimates that during 2003 more than US$ 6 billion had been spent on online casinos by US gamblers alone! With the growing adoption of broadband internet this...
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