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The online casino industry has undergone significant growth and development over the past few decades. The first online casino was launched in the mid-1990s, and since then, the industry has evolved to become a multi-billion dollar market. The rise of online casinos can be attributed to the increasing popularity of the internet and the need for people to have access to gaming services remotely.
In the early days of online casinos, the industry was plagued by rogue operators and lack of regulation. However, with the introduction of licensing and regulation, the industry has become more reputable and trustworthy. Today, online casinos are operated by reputable companies and are subject to strict regulations and guidelines.
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Key Milestones in the Development of Online Casinos
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* 1996: The first online casino is launched, marking the beginning of the industry.
* 2000s: The industry experiences rapid growth, with the number of online casinos increasing exponentially.
* 2010s: Regulation and licensing become more prevalent, leading to a more reputable and trustworthy industry.
* 2020s: The rise of mobile gaming and cryptocurrencies further enhances the industry.
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