The Spin Casino in Malta
Spin Casino claims itself to become a high end internet casino with only the best possible quality games available. The web site 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 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 우리 카지노 총판 문의 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 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 small amount of 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 main issues include payment processing and establishing a stable tax base. Although the 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. 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 precise location of the casino is unknown at the moment, although it is believed to be in the Malta area. Mr. Constantines will stay in charge 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 he will leave the management of the casino to his son, Dimitri Constantines. This will happen in late 2009.
There are numerous 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 online casinos in Malta. The laws in relation to online gambling in Malta state that all transactions between an individual and an online casino must be done by way of a licensed dealer. This also states that all fees which are paid by a customer should be deposited in a separate 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 completely banned is at 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. Simply because they feel that the tax revenues that can be generated through online casinos would more than make up for the lost revenue that is generated through the licensed casinos. Mr. Constantines has stated he would like to start to see the online casinos upsurge 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 beginning of the end for Bellagio. We need a bigger casino, a 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 significant player in the web 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.