The Spin Casino in Malta
The Spin Casino in Malta
넷마블 포 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 unbiased trading group located 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 would be to build a casino that offers a unique gaming experience coupled with a stylish website. The spin casino was designed and developed under strict instructions from the Malta Gaming Authority, who’s 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 your community of online gambling.
In spite 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 primary issues include payment processing and establishing a stable 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 an integral role in controlling online casinos in Malta. Actually, 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 exact location of the casino is unknown at the moment, although it is thought 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 lots of 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 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 that are paid by a customer must be deposited in a separate financial account.
The Spin Casino isn’t 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 very banned is at the Bellagio. This location is owned by way of 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 individual who owns and operates the spin casino.
Many local businessmen and politicians come in favor of online casinos in Malta. This is because they believe that the tax revenues that may be generated through online casinos would a lot more than make up for the lost revenue that’s generated through the licensed casinos. Mr. Constantines has stated that he would like to see the online casinos increase 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 need a bigger casino, a more profitable one, to 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 online casino world. All of 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.