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Panama
Address
Junta de Control de Juegos
Avenida Peru, Calle North 35 Este
Edificio de Finanzas
Piso 2 y 7
Panama City
Panama

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Email

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+507 507 7903

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Panama Jurisdiction News

PokerStars announces new live event format
Starting in 2017, PokerStars sponsored live events will be separated into PokerStars Championship events and PokerStars Festival events, and will visit cities worldwide.

Schedule announced for 2016 Latin American Poker Tour
The tour visits the Bahamas, Chile, Panama and Uruguay, before finishing in Brazil.

34 people accused in illegal gambling operation
34 people, 23 businesses all stand accused of allegedly operating or helping to operate an illegal gambling site.

Income Access CEO to speak at Canadian Gaming Summit
Nicky Senyard will be attending and participating at the upcoming 15th Annual Canadian Gaming Summit in Vancouver next week.

CryptoLogic answers the Call of Duty
The popular video game "Call of Duty 4: Modern Warfare" will be headlining Cryptologic's new game lineup.

PokerTek installed in Panama casino
PokerTek reports the installation of PokerPro at Marriott Royal Casino, located in the heart of Panama City's hotel and banking district.

CasinoBlasters.com partner sites no longer accepting wagers from U.S.
In response to the Unlawful Internet Gambling Enforcement Act, affiliate program CasinoBlasters.com is no longer accepting wagers from U.S. players.

Panama

Panama began licensing and regulating online gaming in 2002 when it adopted Resolution No. 65.

The Gaming Control Board issues seven-year licenses to online gaming operators, and it doesn’t restrict the types of betting that can be offered.

The initial licensing fee is USD 40,000, with a USD 20,000 annual fee thereafter.

Licensed operators must not allow citizens of Panama to engage in online gambling activities.

Internet businesses are exempt from contributions, duties or import fees on all machinery, equipment, furniture, vehicles, appliances or materials necessary for the development of the project. This also includes an exemption from Panama’s income tax and national direct tax on capital. Dividends and interest on securities issued by the company and traded in local or international markets are also exempt from any national direct tax.


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