The Spin Casino in Malta
Spin Casino claims itself to be a high end internet casino with only the finest quality games available. The website is operated and governed by the CityView Group, an independent trading group located in Malta. A respected internet poker player and gambling enthusiast, Peter Constantines were the person 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 is responsible for the regulation of online casinos in Malta. This was a very difficult task because the GVA have long been regarded as 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 these own. Two of the main issues include payment processing and establishing a well balanced tax base. Although the GVA is the supervisor, they’re 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 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 location 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 that 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. They are: The jurisdiction of the Gaming authority of 실시간 바카라 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 the event 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 a person and an online casino must be done by way of a licensed dealer. This also states that all fees that are paid by a customer must be deposited in a separate 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 location in Malta where gambling is completely banned reaches the Bellagio. This location is owned by a Canadian company called Intercasino Corporation. This company operates all the 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 are in favor of online casinos in Malta. It is because they feel that the tax revenues which 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 start to see the online casinos increase in size so that additional 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 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 into the future of the spin casino. If he gets his way, the web 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.