The Spin Casino in Malta
Spin Casino claims itself to be 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 based in Malta. A respected internet poker player and gambling enthusiast, Peter Constantines were the person 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 provides 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 regarded as the most powerful authority in your community 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 make before they consider opening an 인터넷바카라 internet casino of their own. Two of the main issues include payment processing and establishing a stable tax base. Although the GVA is the supervisor, they’re 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 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 stay in control of all major decisions concerning 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 happen in late 2009.
There are various 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; 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 declare that all transactions between a person and an online casino should be done through a licensed dealer. This states that all fees that are paid by a customer should be deposited in another financial account.
The Spin Casino isn’t licensed to operate 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 real location in Malta where gambling is completely banned is at 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 exactly the same person that owns and operates the spin casino.
Many local businessmen and politicians are in favor of online casinos in Malta. For the reason that 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 increase 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 start of the end for Bellagio. We need a bigger casino, a far more profitable one, to help our economy.”
Mr. Constantines seems to have a vision into 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 of the big players are already associated with the spin casino also it looks as if they may soon be dominating the virtual casino scene in Malta.