The Spin Casino in Malta
Spin Casino claims itself to become a top quality 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 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 main element to success with any casino business would be 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 is a very difficult task as 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, not surprisingly, 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 well balanced tax base. Even though 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 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 this time, although it is thought to be in the Malta area. Mr. Constantines will stay in control of all major decisions regarding the spin casino. He will 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 모바일 바카라 happen in late 2009.
There are many 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 case of complaints; along with other related matters. The Malta Government has released a set of regulations for the web casinos in Malta. The laws in relation to online gambling in Malta state 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 must be deposited in another financial account.
The Spin Casino is not 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 location in Malta where gambling is totally banned reaches the Bellagio. This location is owned by way of a Canadian company called Intercasino Corporation. The corporation 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 are 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 more than replace the lost revenue that’s generated through the licensed casinos. Mr. Constantines has stated he would like to start to see the online casinos increase in size so that additional money can be generated for the town of Malta. Mr. Constantines has been quoted as saying “If we understand this right, this could be the start of the end for Bellagio. We need a bigger casino, a far more profitable one, to greatly help our economy.”
Mr. Constantines appears 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 online casino world. All the big players are already associated with the spin casino and it looks as if they could soon be dominating the virtual casino scene in Malta.