The Spin Casino in Malta
Spin Casino claims itself to be a high end internet casino with only the best possible quality games available. The website is operated and governed by the CityView Group, an independent trading group located in Malta. A leading internet poker player and gambling enthusiast, Peter Constantines were the individual behind the thought of the spin casino. He’s got personally managed and developed numerous websites including a large number of online casinos.
The spin casino began operation in October 2000. Mr. Constantines has always maintained that the main element to success with any casino business is to build a casino that offers a unique gaming experience in conjunction with an attractive website. The spin casino was designed and developed under strict instructions from the Malta Gaming Authority, who is in charge of the regulation of online casinos in Malta. This was a very difficult task because the GVA have long been thought to be the most powerful authority in the area of online gambling.
Regardless of this, the spin casino has experienced a phenomenal growth in its operations in the short time since its launch. However, despite this, the GVA still has several requests to create before they consider opening an internet casino of these own. Two of the primary issues include payment processing and establishing a stable tax base. Although the GVA is the supervisor, they are not the only ones mixed up in running of the spin casino. The Malta government also plays an integral role in controlling online casinos in Malta. Actually, the 온카지노 GVA has asked the government for assurances that you won’t interfere in the operational processes at any point.
The Spin Casino management is controlled by Mr. Constantines himself. The precise location of the casino is unknown at this time, although it is thought to be in the Malta area. Mr. Constantines will remain in control of all major decisions regarding the spin casino. He’ll have final say on all matters pertaining to the casino and it’s really maintenance. Mr. Constantines has previously said he will leave the management of the casino to his son, Dimitri Constantines. This will happen in late 2009.
There are several legal stipulations that govern online casinos in Malta. They are: The jurisdiction of the Gaming authority of Malta; The granting of licenses to licensed persons; Regulation of gambling; Registration of online casinos; Annual licensing of internet gambling establishments; Treatment of clients in the event of complaints; along with other related matters. The Malta Government has released a couple of regulations for the web casinos in Malta. The laws with regards to online gambling in Malta state that all transactions between an individual and an online casino must be done by way of a licensed dealer. This states that all fees that are paid by a customer should be deposited in a separate financial account.
The Spin Casino is not licensed to operate an online casino. They do however operate five other casinos in the county like the Bellagio, Grand Casino, Sliema, and the Tarzano Hotel and Casino. The only real location in Malta where gambling is completely banned is at the Bellagio. This location is owned by a Canadian company called Intercasino Corporation. This company operates all the casinos in the county. The Grand Casino and Bellagio are managed by the same individual who owns and operates the spin casino.
Many local businessmen and politicians come in favor of online casinos in Malta. It is because they feel that the tax revenues that could be generated through online casinos would more than replace the lost revenue that’s generated through the licensed casinos. Mr. Constantines has stated he would like to see the online casinos upsurge in size so that more money can be generated for the city of Malta. Mr. Constantines has been quoted as saying “If we get this right, this could be the start of the end for Bellagio. We have been in need of a bigger casino, a more profitable one, to help our economy.”
Mr. Constantines appears to have a vision into the future of the spin casino. If he gets his way, the online casinos will soon be a major player in the online casino world. All of the big players are already involved with the spin casino also it looks as if they could soon be dominating the virtual casino scene in Malta.