The history of Internet Casino is not a long and mysterious one, although there have been a few scandals in its time.  Rather, the history of Internet Casino is quite short (starting in the 1990's) and explosive.  Internet betting has become a multi-billion dollar industry in a very short time - still continuing to grow in its fiscal rise.  Online gambling happened so fast, that as it became a reality, the largest and most successful companies in the industry were just being formed - and scrambling to do so.  The catalyst for this scramble happened in 1994, when the government of the Caribbean island, Antigua Barbuda, passed the law that enables online casinos to operate from their homeland to this day - the Free Trade and Processing Zone Act.

With the technological possibility of Internet Casino already in the air, this new law made it legal to license and operate online casinos from the Antigua Barbuda jurisdiction.  Of those  who saw this as the  lucrative opportunity that it was - two brothers - Andrew and Mark Rivkin - formed the company Cryptologic, and began creating software solutions to safely handle financial transactions with unprecedented encryption designs.  At the same time, both Microgaming and Starnet Communications were formed - all in the same year Antigua Barbuda passed its groundbreaking law. Canada was home to many important internet gambling developments at this time, including the formation of the Kahnawake Gaming Commission, which was formed to regulate online casinos and to enforce gaming fairness standards.  Starnet Communications was also based from Canada, but was still obliged to operate offshore accounts in funding their eCash bankroll.  Boss Media is another newly organized company claiming its stake in the industry at the time.  However, it is Microgaming and Cryptologic who lead the way in gaming technology, with Cryptologic creating the first fully operational gaming platform, equipped with eCash depositing capabilities and real money account management.  Before the end of 1996, Cryptologic releases its very first software package under their subsidiary, WagerLogic.  And by October of the same year, Internet Casino (one of the very first online casinos) is in full operation on the Web.