Now slot machines are one of the cornerstones of the gambling industry and are one of the most lucrative revenue streams for land based casinos.
The history of slot machines along with the history of gaming in the United States are intertwined and could be traced back to 1895, once the initial slot machine was built. Designed and built by Charles August Fey, the Liberty Bell slot machine was first available to the public in 1895.
Recognising that there was potential in this brand new untapped market, and buoyed by the m***ve publicity and achievement that his original creation had established, Charles August Fey made a decision to set a new company that would concentrate solely on the design and manufacture of slot machines.
The new firm, aptly called'Charles Fey and Company Inc' would go on to dominate the slots sector for the next 50 decades. The first half of the twentieth century was a tough one for the gaming industry as a whole and has been overrun by legal law. In 1909 slots were made illegal in their home city of San Francisco, and by 1911 that had spread to the entire State of California.
On the other hand, the few of slot machines companies, headed by Charles Fey became increasingly innovative in identifying loop holes within the law. Whilst certainly creative, it was only a matter of time until the authorities recognised the inherent flaws in their own legislation. The slots industry was dealt a further blow with the'State v Ellis' case, which effectively outlawed all slot machines.
Regardless of the legal restrictions, the slots industry continued to grow and grow, primarily in Nevada where the gaming industry was free from the legal restrictions faced in different states. On the back of ever increasing demand, the Mills Novelty Company grew to become one of the major players within the industry on the back of producing cheaper slots in lighter wooden cupboards.
A further blow was dealt at 1951, when Congress passed the Transportation of Gambling Devices Act. Regardless of this, technological advances, originally electro-mechanical development in the 1960's from the Bally Corporation tool slot machines into new levels of performance that provided players with more innovative features that added signi***antly to the entertainment levels experienced by gamers.
It was at this time that International Game Technology (IGT), among the present giants within the slots industry was established. With technological advances came the debut of Random Number Generators (RNG's), a key development that is still in the crux of the land based slots market as well as the expanding online pokies marketplace.
Despite this the industry has not just survived but has thrived.
Also visit my blog post
learn more here