By john mce
 Despite the current financial crisis, the online gambling market continues to grow. With increasing fuel costs, cheap broadband and a smoking ban in all licensed premises in the UK, it seems gamblers are leaving the gas guzzlers in the garage and playing online poker or placing bets on sporting events from the comfort of their own home.
Sportingbet, the online gambling site has reported no signs of a slow down due to the credit crunch, as more and more people have a flutter on their computers.
The website operator reported a 30 per cent increase in revenues during August and September, and recent trading is even stronger. It said it had seen no evidence of negative impact on business from recent events in financial markets. Shares in the company have rose 7.4 per cent to 29p.
William Hill, the second biggest bookmakers in the UK recently bought up online gambling software provider PlayTech and claims to have transformed itself into Europe's leading online gaming and sports betting business.
The Sunday Mercury reported recently that Midlanders spent 55 million pounds more |
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Last Updated ( Friday, 31 October 2008 )
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By john mce
 It all began in 1994 on Antigua Barbuda in the West Indies, the home of gambling licences. This is still an online gambling Mecca with most online gambling companies still based in Antiqua in order to take advantage of this licence.
Before the games could begin gaming software needed to be put into place in order for the online casino revolution to begin. This was where the Isle of Man becomes an important place and the company Microgaming, the god fathers of the first fully operational inline casino software, leading the way for many other online gambling sites.
In 1995 Cryptologic was founded with a goal to develop a series of software packages that can securely and effectively process transactions to keep online gamers safe.
By 1998 Cash Splash a progressive online jackpot slot was operational, but there is stiff opposition from the US. Senator Jon kyl apposed online gaming with the Internet Gambling Prohibition Act, this would make it illegal for any US company to offer online gambling to US citizens, but the act was not passed.
Throughout 1997 |
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Last Updated ( Monday, 27 October 2008 )
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