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 respected 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 a stylish website. The spin casino was designed and developed under strict instructions from the Malta Gaming Authority, who’s in charge of the regulation of online casinos in Malta. This is a very difficult task as the GVA have long been thought to be the most powerful authority in your community of online gambling.
In spite of this, the spin casino has experienced a phenomenal growth in its operations in the small amount of time since its launch. However, not surprisingly, the GVA still has several requests to create before they consider opening an internet casino of 인터넷 카지노 their own. Two of the main issues include payment processing and establishing a well balanced tax base. Even though GVA is the supervisor, they are not the only ones involved in the running of the spin casino. The Malta government also plays an integral role in controlling online casinos in Malta. In fact, the GVA has asked the federal 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 located area 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 will have final say on all matters regarding the casino and it’s maintenance. Mr. Constantines has previously said that he will leave the management of the casino to his son, Dimitri Constantines. This can happen in late 2009.
There are many 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 case of complaints; and Other related matters. The Malta Government has released a set of regulations for the online casinos in Malta. The laws in relation to online gambling in Malta declare that all transactions between a person and an online casino must be done through a licensed dealer. This also states that all fees which are paid by a customer should be deposited in a separate financial account.
The Spin Casino isn’t licensed to operate an online casino. They do however operate five other casinos in the county including the Bellagio, Grand Casino, Sliema, and the Tarzano Hotel and Casino. The only real location in Malta where gambling is completely banned reaches 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 exactly the same individual who owns and operates the spin casino.
Many local businessmen and politicians come in favor of online casinos in Malta. The reason being they feel that the tax revenues that can be generated through online casinos would more than replace the lost revenue that’s generated through the licensed casinos. Mr. Constantines has stated that he would like to start to see the online casinos upsurge in size so that more income can be generated for the town of Malta. Mr. Constantines has been quoted as saying “If we understand this right, this could be the beginning of the end for Bellagio. We need a bigger casino, a more profitable one, to help our economy.”
Mr. Constantines seems to have a vision of the future of the spin casino. If he gets his way, the online casinos will soon be a major player in the web casino world. All the big players are already associated with the spin casino and it looks as if they may soon be dominating the virtual casino scene in Malta.