Tag Archives: Panama
Panama – Panamanians gambled over $2.5 billion in first 10 months of 2023
According to information published by the National Institute of Statistics and Census (INEC), Panamanians gambled USD2.515 billion between January and October 2023 on gambling and the lottery. This was a 12% increase compared to the same period of the previous year. Panamanians gambled USD1,864 million via casinos, bingos, online betting, horse racing and sporting betting…
Panama – Zitro’s 88 Link installed at Gran Casino David
After the success of the Link King and Link Me games in Panamanian casinos, Zitro has announced the first installation of its game 88 Link in Panama, at the Gran Casino David, located in the city of David. Zitro’s world-renowned progressive multigame 88 Link is featured on the Allure ultra-slim cabinet with 3 × 27…
Panama – Panama brings forward gaming’s reopening to March 6
Panama’s Minister of Health, Luis Francisco Sucre, has confirmed that the country’s casinos and slot halls has been brought forward by a week and will now be able to reopen on March 6. Capacity will be restricted to 50 per cent with casinos in the districts of Panama, Panama Oeste, Coclé, Herrera, Los Santos and…
Panama – Panama’s casino sector given green light to reopen
Panama’s casinos will be allowed to reopen following a decree from the National Government on October 12, limiting them to 50 per cent capacity. Casinos must provide workers with safety equipment, including masks and hand sanitiser and will have to adhere to the reopening biosafety guidelines issued by the Ministry of Health. The Minister of…
Panama – Sportium announces expansion plans into Panama
Spanish sports betting operator Sportium has presented its expansion plans for Panama. A number of key company personnel were present at the event held at the Majestic Casino de Megapolis Outlets Panamá City along with the guest of honour and brand ambassador: the former world boxing champion Roberto “hands of stone” Durán. Before the end…
Panama – Gambling down in Panama as cash withdrawal tax halts play
Panama’s controversial 5.5 per cent tax on all cash withdrawals made in casinos, slot parlours, bingo halls and sports betting shops and tracks has coincided with a fall in revenue of 3.1 per cent for the first eight months of the year. Indeed since the tax was introduced, revenues from table gaming have dropped by…
Panama – Government scraps taxes on winnings in Panama
In order to attract foreign players to Panama, the government has announced plans to eliminate the controversial 5.5 per cent tax on gambling. Manuel Sánchez, of the Gaming Control Board (which in turn comes under the Ministry of Economy and Finance) said in a public statement that “the tax on the gaming tables was created…
Panama and Mexico – Gaming boards in Mexico and Panama discuss regulation
The General Director of the gaming control board in Mexico, Luis Calvo Reyes, has met with Manuel Sánchez Ortega, the executive secretary of the Panamanian Game Control Board, in order to exchange views and their stance regarding the regulation of the gambling industry in each of their respective jurisdictions. During the meeting the two government…
Panama – Alfastreet goes global in Panama
Go Global, the exclusive distributor for Alfastreet in Panama, organised its annual customer event at one of the Panama’s hot spot locations. The Alfastreet Go Global event in Panama, held July 3, was squarely focused on customers, friends and partners that have helped the company to achieve great success in the market. The head count was…
