slot casinos
Charles Fey, Theodore Holtz, Herbert Stephen MillThe first slot machine that looked like the ones we know now was invented in San Francisco in 1899. The inventor was the Bavarian immigrant named Charles Fey. Fey and and his partner Theodore Holtz had quit their jobs with the California Electric Works in 1894, and started their own company, Holtz and Fey Electric Works.
In 1895, Holtz and Fey Electric Works released their first coin-operated machine, 4-11-44. The 4-11-44 machine was the gaming machine that had three numbered dials one behind the other. The 4-11-44 made a smash hit.
In 1899, their masterpiece and the first reel slot, named "Liberty Bell". was released. Liberty Bell was shaped just like current slots. It had three reels, a pay-out schedule, and a coin acceptor and a large handle on the right side of the machine. Fey and Holtz placed their first Liberty Bell in a San Francisco saloon to test its worth. Liberty Bell got popularity rapidly and Holtz and Fey Electric Works grew as the giant in the slot machine manufacturing.
In 1909, Herbert Stephen Mill from Chicago modified the Fay's machine. He added ten more symbols to each reel, and make it more mobile and space saving. The new machine was named Mills' Liberty Bell
The Electronic AgeOne of the biggest innovations on slot machine was the birth of electronic machines. Before the electronic age, slot machines were mechanical. All slot machines had a big handle which players have to pull to start the reels spinning and play the game game . ("one-armed-bandits")
Electronic slots have two advantage compared with mechanical slots. First is that they are more secure than mechanical slots. Mechanical slots were operated mechanically, thus players could cheat on them easily. Electronic slots solved that problem. Second, operators can offer bigger prizes on electronic machines. Mechanical slots had limitation on the prize, because they had physical limitation to make stops on the reels. However, on electronic slots, operators can make stops as much as they want. As the result of this technological advance, operators are able to give large prizes to players.
Video machinesThe first video slot was introduced 1975 by Walt Fraley in Las Vegas. The first video slot, named Fortune Coin, was a very simple machine, which had only three components, a solid state logic assembly, a television set, and a hopper. By the mid 1970's, electronic video slot machines had spread. Even though the new technology was introduced, they were still the minority in casino games for a long time. Video slots were not well accepted in the market. Players doubted if they were able to hit prizes because they could not see the actual spinning reels on the video slots. It was not until the 1980's when video poker machines became popular, that video machines penetrated the market.
The first video poker machines were introduced by Dale Electronics in 1970. They simplified the rules of the America's favorite game and adapted it to the video game. Although prevalent in Nevada casinos, it was not a big hit. The turning point came in 1979 when IGT introduced the first well-accepted video poker machine, DRAW POKER. It became a smash hit, and video slots began to penetrate to the market widely as IGT's DRAW POKER spread into the industry.
William "Si" Redd and IGTIGT, International Game Technology, was founded in 1975 by William "Si" Redd. He got his start in the coin machine industry back in Mississippi during the 1930's, when he purchased, at age 18, a Bally pinball machine for $16. He spent 35 years in the amusement machine field. In 1967, after having success fully established himself as a distributor for several companies, Redd met Bill O'Donnell, the president of Bally Manufacturing Corp. He moved to Nevada from Mississippi and became a distributor for the Bally slot machine.
The biggest turning point for IGT was in 1978 when IGT purchased Fortune Coin Company, which was the company that introduced the first video slot machine in the industry, adaptingthe latter's machines of a wide rage of video slots by changing the logic assembly and the front door components. becoming the second largest manufacturer in the slot industry through specializing only in video slots.
MEGABUCKSOn March 6, 1986 MEGABUCKS started with 125 machines in nine casinos around Nevada. MEGABUCKS was the 3-coin dollar progressive slot. The trait of MEGABUCKS was all MEGABUCKS machines were linked together and kept same progressive meters. Because of that, player could expect to have bigger prizes. Three years later after they were introduced, carousels were located in over 100 casinos and had paid off many jackpots between 2.2 and 6.8 million plus more than 600 Mega Mini jackpots which have reached over $12,000. IGT owns the slots and pays the large wins with an annuity spreads over 20 years.
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