The Spin Casino in Malta
Spin Casino claims itself to be a top quality internet casino with only the finest quality games available. The website is operated and governed by the CityView Group, an unbiased trading group located in Malta. A respected 넷마블 바카라 internet poker player and gambling enthusiast, Peter Constantines were the person behind the thought of the spin casino. He’s got 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 key to success with any casino business would be 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 responsible for 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 your community 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 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 a key role in controlling online casinos in Malta. In fact, the GVA has asked the federal 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 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 control of all major decisions regarding 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 can happen in late 2009.
There are several 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 the event of complaints; and Other related matters. The Malta Government has released a couple of regulations for the web casinos in Malta. The laws in relation to online gambling in Malta state that all transactions between an individual and an online casino should be done by way of 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 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 totally banned is at 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 the same person that owns and operates the spin casino.
Many local businessmen and politicians come in favor of online casinos in Malta. It is because they believe that the tax revenues which can be generated through online casinos would more than replace the lost revenue that is generated through the licensed casinos. Mr. Constantines has stated that he would like to see the online casinos increase 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 start of the end for Bellagio. We are in need of a bigger casino, a far 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 major player in the online casino world. All of the big players are already involved with the spin casino also it looks as if they may soon be dominating the virtual casino scene in Malta.