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 leading internet poker player and gambling enthusiast, Peter Constantines were the individual behind the thought of the spin casino. He has 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 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 your community of online gambling.
Regardless of this, the spin casino has experienced a phenomenal growth in its operations in the small amount of time since its launch. However, not surprisingly, the GVA still has several requests to make before they consider opening an 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 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 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 believed 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 regarding the casino and it’s really 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 set 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 should be done by way of a licensed dealer. This also states that all fees which 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 location in Malta where gambling is very banned is at the Bellagio. This location is owned by way of 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 individual who owns and operates the spin casino.
Many local businessmen and politicians come in favor of online casinos in Malta. It is because they 넷마블 포커 feel that the tax revenues which might be generated through online casinos would more than make up for the lost revenue that’s generated through the licensed casinos. Mr. Constantines has stated he would like to see the online casinos upsurge 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 beginning 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 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.