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 based in Malta. A leading internet poker player and gambling enthusiast, Peter Constantines were the individual 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 is to build a casino that offers a unique gaming experience coupled with a stylish website. The spin casino was designed and developed under strict instructions from the Malta Gaming Authority, who’s responsible for the regulation of online casinos in Malta. This was 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, despite this, the GVA still has several requests to create before they consider opening an internet casino of their 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 involved in the 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 it will not 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 believed 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 he will leave the management of the casino to his son, Dimitri Constantines. This will 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 couple of regulations for the web casinos in Malta. The laws with regards 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 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. 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. The reason being they believe that the tax revenues that can be generated through online casinos would a lot more than make up for the lost revenue that is 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 더킹 사이트 the beginning of the end for Bellagio. We have been in need of a bigger casino, a far 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 significant player in the web casino world. All of 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.