The Spin Casino in Malta
Spin Casino claims itself to become a high end internet casino with only the finest 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 person behind the idea 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 key to success with any casino business would be to build a casino that provides 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’s 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. 더킹바카라 However, despite this, the GVA still has several requests to make before they consider opening an internet casino of these own. Two of the main issues include payment processing and establishing a stable tax base. Even though GVA is the supervisor, they’re 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 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 exact located area of the casino is unknown at this time, although it is believed 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 regarding the casino and it’s really 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 the event of complaints; and Other related matters. The Malta Government has released a couple of regulations for the web casinos in Malta. The laws in relation to online gambling in Malta declare that all transactions between an individual and an online casino must be done by way of a licensed dealer. This also states that all fees that are paid by a customer must be deposited in a separate financial account.
The Spin Casino isn’t licensed to use 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 location in Malta where gambling is totally banned reaches the Bellagio. This location is owned by a Canadian company called Intercasino Corporation. This company operates all other 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 are in favor of online casinos in Malta. It is because they believe that the tax revenues that could be generated through online casinos would more than replace the lost revenue that is generated through the licensed casinos. Mr. Constantines has stated that 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 understand this right, this could be the beginning of the end for Bellagio. We have been in need of a bigger casino, a far more profitable one, to greatly 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 significant player in the online casino world. All the big players are already associated with the spin casino also it looks as if they could soon be dominating the virtual casino scene in Malta.