Preliminary Development in the 1990s: The first online casino came out in the mid-1990s, driven by developments in technology and even the rapid development of the world wide web. Microgaming, a software company that launched in 1994, is definitely credited with developing the first internet gambling software, while CryptoLogic, an online security software company, caused secure online financial transactions, allowing real-money gambling to blossom. InterCasino, launched within 1996, is 1 of the very first recognized online gambling dens.