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**Section 1: History and Development of the Online Casino Industry**
Introduction to Online Casinos
The online casino industry has undergone significant transformations since its inception in the mid-1990s. From humble beginnings to the present day, online casinos have evolved to become a major player in the global gaming market. In this review, we will delve into the history of online casinos, explore their development, and highlight the key milestones that have shaped the industry.
Early Days of Online Casinos
The first online casino was launched in 1994 by Microgaming, a leading software provider in the industry. The casino was called "Gaming Club" and was launched in Antigua and Barbuda. This marked the beginning of the online casino era, and soon, other software providers such as Cryptologic and Playtech entered the market. The early days of online casinos were marked by a lack of regulation and a prevalence of rogue operators.
Regulation and Licensing
In the early 2000s, the online casino industry began to mature, and regulatory bodies started to take notice. In 2003,