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19 Jan 2017
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Internet Casinos Inc. (ICI), the world's first web casino, started operating from August 18, 1995, with 18 different games. Since then a lot more than 1,400 websites, mostly domiciled in small Caribbean islands, have given rise to an industry that grosses over $3 billion a year. In reality no enterprise on the web earns more revenue than online gambling. Out of the estimated 14.5 million online gamblers, almost 30 per cent are from Asia.

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A bet can be placed in seconds. Anyone with a card can build an offshore currency account which has a gambling site, leaving them absolve to place bets on sports entertainment like Wimbledon, cricket, horse racing and F1, or enroll in a virtual casino to play...