Tag Archives: Panama
Panama – More layoffs as revenues decline in Panama
The number of layoffs at casinos and gambling establishments in Panama continues to rise with industry experts placing the blame on a new tax and falling visitor numbers. Since June 2015 a total of 1,200 workers have lost their jobs, 900 of these layoffs occurred after December 2015 while during the first two months of…
Panama – Win Systems’ WIGOS CMS installed in another Panama casino
Win Systems has successfully installed its flagship product WIGOS Casino Management System in the Azuero casino located in Chitre, Panama, belonging to the Corporacion BBT group. This migration to WIGOS, with the connection of 151 machines in TITO mode, was particularly important because at very short notice WIN was able to replace the recently installed…
Panama – Gaming tax revenue down by 14.4 per cent in Panama
According to a report released by the Gaming Control Board (JCJ) gaming revenue in Panama decreased significantly in 2015. The industry generated US$ 82,222,147 in gaming tax revenue in 2015 compared to $96,101,377 in 2014, a 14.4 per cent decrease. The decreased revenues mark the end of a decade of increased revenues for gaming companies….
Panama – Revenues down in Panama due to new tax say operators
Revenues are down for the gaming industry in Panama with operators putting the blame squarely on a new tax which was first put into place in May. Between July and August gaming revenue fell by 9.1 per cent after experiencing an increase since the beginning of the year of 5 per cent, according to figures…
Panama- Novomatic licensed to thrill in Panama
Novomatic has been officially licensed to sell slots in Panama via its local representative company Novo Panamá. Novomatic said it will now be able to ‘strengthen its position in the Panamanian gaming market and significantly increase its current market share in the slot segment.’ Well in advance of the official start up the Novomatic brand…
Panama – Fears growing over slot machine numbers in Panama
There is growing concern in Panama over the rise of slot machines located in lower income neighbourhoods with lawmakers admitting that urgent measures are necessary to tax them more efficiently. According to local press reports, the state is currently unaware of the exact amounts which are bet via Type C slot machines located in slot…
Panama – New rules to curb growth of gaming in Panama
The Commission of Economy and Finance in Panama’s National Assembly has begun the consultation phase in the first debate of the bill that will restructure the Gaming Control Board. The new bill aims to curb the growth of gaming in Panama and is focused on tackling the rapid proliferation of slot parlours especially in lower…
Panama – Tax revenue down by 16 per cent in Panama
According to figures released by the Gaming Control Board (JCJ) from January to July tax revenue generated by gaming decreased from US$59m to US$49.6m, a decrease of US$9.4m (16 per cent) compared to the same period in 2014. However, although it would seem that the demand for gaming in Panama is decreasing the difference in…
Panama – Panama’s former President to appear in court over Lucky Games scandal
Ex President Ernesto Perez Balladares will have to appear in court again to defend himself against corruption scandals linked to the gaming industry. Ernesto Pérez Balladares recently announced that he would stand for re-election as presidential candidate for the PRD Party for the Presidential election in 2019. Although his lawyers claim that the charges are…
