The Spin Casino in Malta
Spin Casino claims itself to be a high end internet casino with only the finest quality games available. The web site is operated and governed by the CityView Group, an unbiased trading group based in Malta. A respected internet poker player and gambling enthusiast, Peter Constantines were the individual behind the idea of the spin casino. He has personally managed and developed numerous websites including a lot 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 is to build a casino that provides a unique gaming experience coupled 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 as the GVA have long 바카라 더킹 been regarded as the most powerful authority in the area of online gambling.
In spite of this, the spin casino has experienced a phenomenal growth in its operations in the short time since its launch. However, not surprisingly, 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 well balanced tax base. Although the 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 exact location of the casino is unknown at the moment, although it is thought to be in the Malta area. Mr. Constantines will remain in charge of all major decisions concerning the spin casino. He’ll have final say on all matters pertaining to 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 various legal stipulations that govern online casinos in Malta. These 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 online casinos in Malta. The laws with regards to online gambling in Malta state that all transactions between an individual and an online casino should be done by way of a licensed dealer. This 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 very banned reaches the Bellagio. This location is owned by a Canadian company called Intercasino Corporation. The corporation operates all other casinos in the county. The Grand Casino and Bellagio are managed by the same person that owns and operates the spin casino.
Many local businessmen and politicians come in favor of online casinos in Malta. For the reason that they feel that the tax revenues that may be generated through online casinos would a lot more than replace the lost revenue that is generated through the licensed casinos. Mr. Constantines has stated he would like to see the online casinos increase in size so that more money can be generated for the town 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 greatly help our economy.”
Mr. Constantines seems to have a vision of the future of the spin casino. If he gets his way, the web casinos will soon be a significant player in the web casino world. All of the big players are already involved with the spin casino also it looks as if they may soon be dominating the virtual casino scene in Malta.