Tag Archives: Panama
Panama – Novomatic to exhibit in Panama
Novo Panamá is returning to El Panamá Convention Center on May 10 to 11 for the annual SAGSE Central America & Caribbean gaming show in Panama. With a wide range of products, the local Novomatic subsidiary will have a large presence to demonstrate the continuous expansion of Novomatic throughout the Central American gaming markets. Novomatic…
Panama – Biz Tools pays $1m for casino licence in Penonomé
Panama’s Ministry of Economy and Finance has granted a licence to Biz Tools S.A to run a new casino in the city of Penonomé. The company has paid US$1m to the Panamanian Gaming Control Board for the licence to run the casino which will house both slot machines and table games. The licence is valid…
Panama – Gambling down by almost ten per cent in Panama
According to the latest report released by Panama’s National Controller´s Office gambling in the first ten months of this year fell by almost 10 per cent compared to the same period in 2015 standing at US$1,866m, around US$192.7m less than last year. Horse racing saw a slight upswing with bets increasing by 0.5 per cent…
Panamá – IGT captures over 40 per cent of Black Spade Casino
International Game Technology has captured more than 40 per cent of gaming machine floor share at the recently opened Black Spade Casino at Aloft Hotel Panamá. The installation is comprised of 148 IGT slot machines, including 30 premium titles, the largest single-site installation of the company’s Premium games in Central America. “When developing Black Spade…
Panama – Panama lottery will not be privatised
Efrain Medina the Director General of the Lotería Nacional de Beneficencia de Panamá (The National Charity Lottery of Panama) has denied reports that a new draft bill currently under development is seeking to privatise the lottery. Instead he pointed out that the bill guarantees the role of the state in the running of lotteries and…
Panama – Panama’s GGR tops US$40m in first half of 2016
Gaming revenues in Panama during the first half of 2016 reached over US$40m according to the latest report released by the Panamanian Gaming Control Board (JCJ) of the Ministry of Economy and Finance (MEF). The Executive secretary of the Panamanian Gaming Control Board (JCJ) Eric Ríos told press that gaming tax revenue for the state…
Panama – Gaming tax revenues soaring to US$82m in 2016
The Executive Secretary of the Panamanian Gaming Control Board (JCJ) Eric Ríos has said that that tax revenues from gambling are still going strong having reached US$32m during this year’s first quarter. According to estimates released by the SJC, tax gaming revenue will stand at US$82m by the end of 2016 which is similar to…
Panama – Revenues still falling with Panama’s operators blaming new tax
Revenue continues to fall in Panama according to estimates released by the Association of Managers of Gaming (ASAJA). Between January and February betting (not including the sale of lottery games) fell by 13.7 per cent compared to the same period last year. In January and February bets stood at US$362.9m to U$S57m less when compared…
Panama – Panama’s TV Bingo scandal to go before Supreme Court
Panama’s Supreme Court has cleared the way so that the prosecution case involving the operators of televised bingo game Buko Millonario can go ahead. Eight of the nine judges who make up the full Supreme Court ruled against a motion proposed by President of the Supreme Court Jose Ayu Prado, who sought to declare anti…
