Panama Licensed Casinos
Panama, officially the Republic of Panama, is located in the southernmost point in the whole of North America. It’s not only rich in flora and fauna, but is also rated as one of the most competitive economies in Latin America. Moreover, Panama is an independent and sovereign state with much closed information sharing system and Spanish Civil law in its core. Because of its heavy government support, essentially tax-free operations, geographic location and no market restriction, among other attractive laws, Panama has been number one remote gambling jurisdiction for many online operators for over a decade and boasts one of the largest banking and offshore jurisdictions in the world.
All licensees must play by the rules of the Online Gaming Act of 2002 and will be controlled for proper conduct by the Panama Gaming Control Board (Junta de Control de Juegos). The license is valid for seven years and comprises a one-off license fee and annual license fees within very reasonable bounds. Such Master License holders are also allowed to grant sub-licenses should this be needed. With the official currency being USD and official language Spanish, with English possibly the second one in the near future, Panama is among the most coveted online gaming jurisdictions you can find.