Well I remember seeing where they were located on their website awhile ago, but I can't remember where it was. I ran across this thread:
http://groups.google.sc/group/rec.gambli...=raot&hl=en
Bill Ricardi about half way down says they were owned by Thramo in Malta and they are regulated by the some gaming commission (he gives a link).
I can't vouch for any of it though.