Licensed vs Unlicensed Online Slots: What to Look For "Position machines have an abundant and exciting history that times back again to the late 19th century. The initial true slot unit was invented by Charles Fey in San Francisco in 1895 and was known as the Liberty Bell. It included three rotating reels and five representations: horseshoes, diamonds, spades, spirits, and a cracked Liberty Bell. A person could move a lever, and if three alarms...