With gross commercial casino revenues of US$948m in 2007 and a population of just 3.2m, Panama is the second largest gambling jurisdiction in Latin America after Argentina. Currently, there are over 50 licensed gambling facilities in Panama, including 15 land-based casinos. While some observers suggest the market is close to saturation, investment continues to grow.
Panama is a key gaming jurisdiction in Latin America for both terrestrial and online gaming. This report provides a comprehensive examination of a number of key sectors and the laws under which they are governed including casinos, slot machines, online gaming and horseracing. It also provides analysis of the country’s anti-money laundering regime as it applies to the gaming sector.
With investment in the casino sector continuing to grow and a competitive online gaming sector, this report provides a key insight into a jurisdiction which seeking to develop significantly in years to come.
Bundled with a practical guide to taxation, and updated regularly, this document is essential for operators, manufacturers, lawyers and regulators who are seeking to be comprehensively informed on the gaming industry in Panama.