Simon’s Guide to Online Casinos in Panama

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Lobby of the Majestic Casino in Panama City, Panama

Majestic Casino in Panama City, Panama

 

This is a guide to brick and mortar as well as online casinos in Panama. Find out what the best casinos and online casino sites are in Panama, or learn more about the legal status of casino gambling in the country.

 

Online casinos in Panama

 

Legal status: legal, requires a licence

Online casino gambling is legal in the Central-American country of Panama. Online casinos in Panama were officially legalized in 2002, when the gambling authority of Panama, the Junta de Control de Juegos began issuing online casino licences.

Online casino operators must apply for a gambling permit from the Junta de Control de Juegos in accordance with the Resolution No. 65 of October 25, 2002. Online casino licences from Panama are valid for seven years, and a single licence covers all forms of online casino gambling.

Online casino operators must pay an initial fee of USD 40,000, as well as an annual fee of USD 20,000. Panama is considered a tax haven in the sense that online casino operators are free from practically all forms of tax when offering their services to foreign customers.

Most of the online casinos based and licensed in Panama are also available to locals. It should be noted, however, that the supervision of online casinos in Panama is rather lax, which means Panama online casinos are in some cases not the most reliable.

Players from Panama still have the option of playing on international online casino sites that aren’t licensed in Panama. There are no laws in Panama against locals playing on unlicensed online casino sites. Most online casino sites welcome players from Panama, and many are available in Spanish, the official language of Panama as well.

 

 

 

 

Online casinos accepting players from Panama

 

Here’s a selection of online casinos I’ve tried and recommend wholeheartedly. Choose from these trustworthy online casinos available in Panama, or read on to find out more about the legal status and history of gambling and casinos in Panama!

Banner for the Betsson online casino, which is available to players from Panama

Betsson online casino accepting players from Panama

Banner of the Betsafe online casino, which accepts players from Panama.

Betsafe online casino accepting players from Panama

Banner of the Casino Euro online casino, accepting players from Panama

CasinoEuro online casino accepting players from Panama

Banner of the Black Lotus online casino accepting players from Panama.

Black Lotus online casino accepting players from Panama

Banner of the Lotus Asia online casino, acceptin players from Panama.

Lotus Asia online casino accepting players from Panama

Banner of the 32 Red online casino, which accepts players from Panama.

32Red online casino accepting players from Panama

Banner for the BGO online casino, available to players from Panama

BGO online casino accepting players from Panama

This the banner ad of Gt Bets online casino. The online casino accepts players from Panama.

GT Bets accepts players from Panama – accepting Bitcoins as well

 

 

Land-based casinos in Panama

 

Similarly to online casino gambling, land-based casinos are also legal and regulated in Panama, but there is a key difference between the two. Land-based casinos, most likely due to the fact that they have a direct effect on the locals of Panama, are much more strictly supervised than their online counterparts.

The authority supervising land-based casinos is, just like in the case of online casinos, is Junta de Control de Juegos. Casino operators also need to obtain a licence from this entity, and to do so they must present a business plan to be evaluated by the gambling authority, list certificates of the company’s finances, and adhere to various other regulations.

At the moment, there are about 30 casinos in Panama – the majority of them located in the capital, Panama City – but this category covers both actual casinos and slot machine halls as well. Still, locals and tourists have quite a few options when looking for table games as well.

The largest casino in Panama, the Veneto Wyndham Grand Hotel & Casino is also located in Panama City. The casino is open 24/7, and has 55 gaming tables as well as about 600 slot machines on offer. Table games include various types of poker, craps, blackjack and roulette.

Since the casino is part of a larger hotel complex, patrons have many forms of entertainment and relaxation options available, including an outdoor pool, multiple restaurants, live music and dance events.

 

 

Other forms of online gambling in Panama

 

Most forms of online gambling are legal in Panama. In fact, practically all online gambling belongs to the same category as online casinos in Panama. This means that online casino operators only need to apply for a single licence, whether they offer online sports betting, online poker, or some other online game.

After applying for a licence and paying the licensing fee, online gambling companies may operate their website from Panama, tax-free in the case of non-resident players. There are online gambling companies that accept players from Panama as well, but in their case there is a significant tax, intended to protect the locals.

In part because of this, in part because of the rather lax supervision of online gambling sites in Panama, locals often turn to international online gambling sites instead. This is not to say there are no reliable online gambling sites in Panama, but since locals can pick and choose from online gambling sites from all over the world, there are often better options. There are no laws preventing Panaman gamblers from playing international online gambling sites.

 

 

This article supplements the general guide to the legal status of gambling in Panama.

 

Simon’s Guide to Land-based and Online Casinos in Panama is part of Simon’s Online Casino Guide.

 

Last updated: 2017-09-16

 

Gamble responsibly,
SimonTheSorcerer

Summary
Simon's Guide to Land-based and Online Casinos in Panama
Article Name
Simon's Guide to Land-based and Online Casinos in Panama
Description
A guide to the legal status of online gambling and online casinos in Panama, including the differences between the regulation of traditional and online casinos in Panama
Author
Simon's Online Marketing Kft.

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