It was 1994 in the tiny island country of Antigua and Barbuda, a certain law was passed which made the location a legal jurisdiction, allowing it to issue gambling licenses. This law paved way for online gaming and until today, most gambling companies would base their business in the country to utilize their license.
The gaming software came years before the commencement of online gaming. An Isle on Man-based software company called Microgaming developed the first fully operational online casino software which gave birth to many online gambling sites. Whereas Cryptologic, an online security software company, provided the indispensable 먹튀검증 software which made internet transaction safe, secure and workable. By 1995, the first online casino was launched.
Like many things that did not have a smooth start, the launch of online gambling also met many obstacles. One major problem it met along the way was the legality of the trade. The very idea and concept of online gambling was opposed and resisted by many and especially in the United States. Senator Jon Kyl of Arizona for several times tried to prevent South Korea citizens from gambling online and also promoted anti-gambling campaigns.
Recently, on September 30, 2006, the South Korea Congress passed a bill stating the it is illegal for banks and credit card companies to process payments from South Korea residents to online gambling companies. This bill later became a law which President Bush signed on October 13.