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 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 person behind the idea 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 provides 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.
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 make 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 a key 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 location 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 will have final say on all matters pertaining to 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 various 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; 샌즈 카지노 Annual licensing of internet gambling establishments; Treatment of clients in case of complaints; and 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 declare that all transactions between a person and an online casino must be done by way of a licensed dealer. This states that all fees that are paid by a customer must be deposited in another financial account.
The Spin Casino is not licensed to use 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 real location in Malta where gambling is very banned reaches the Bellagio. This location is owned by a Canadian company called Intercasino Corporation. The corporation operates all the 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 come in favor of online casinos in Malta. The reason being they feel that the tax revenues that can be generated through online casinos would a lot more than replace the lost revenue that is generated through the licensed casinos. Mr. Constantines has stated he would like to see the online casinos upsurge in size so that more income can be generated for the city 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 are in need of a bigger casino, a far more profitable one, to help our economy.”
Mr. Constantines seems 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 online 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.