The Panama Gaming Control Board was established in order to pose regulations and control the operations that are known as Games of Chance and any Wagering Activities. Panama has its gambling commission set up back in 1947 which allowed it to grasp the most important guidelines and safety regulations by which the casino operator should abide. The jurisdiction of Panama started offering licenses for online casinos in October 2002 and includes licenses for online sportsbooks and poker rooms as well. The Panama Gaming Control Board aims at creating a safe gambling industry and ensures that all licensed casino providers follow the imposed laws without any risk to the State, public administrators, or operators.
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Nomini Casino is a perfect choice for a licensed gambling venue, with plenty of casino games and generous bonuses. The venue’s games include a special live dealers section, popular slots games, and table games, such as Roulette, Blackjack, and Baccarat. Top games at the venue for this month are Golden Glyph, Piggy Riches, Bonanza, and Wolf Gold. For newly registered players at the venue, there a total of 7 welcome packages available. One of them includes 50% up to $1,000 on your first deposit, while another 10% up to $200 Cashback Bonus. It’s totally up to you to choose the bonus that suits your needs and betting strategies the most.
Panama is based in the southern part of Central America, bordered by Costa Rica, Colombia, the Caribbean Sea, and the Pacific Ocean. The Republic of Panama is considered among the biggest financial and economical centers in Latin America. The country has on its territory more than 1,600 islands along the Atlantic and Pacific coasts. Panama is known for its wide diversity of plant and animal life and its rich culture which makes it a desired destination among tourists. The Republic of Panama is also known as ‘the door to the seas and key to the universe’ which perfectly describes how unique and beautiful the area is. Another symbol of the country is the famous Panama Canal that connects the Atlantic and Pacific Oceans and has played an important role in both world history and geography. In 1999 the jurisdiction of the Panama Canal was given up by the United States which led to a precedent in Panamian history, resulting in full independence. Panama is a mixture of different cultural influences expressed through diverse cuisine, artwork, music, and literature.
The gaming industry in Panama is regulated by the Panama Gaming Control Board that was originally established in 1947. The gaming laws which were implemented required all types of gambling institutions to give 80% of the profit back to the government and most of the casinos in Panama were owned by the state until in 1997 they were privatized. Even though the Panama Gaming Control Board has been founded back in 1947, it wasn’t until 2002 when Panama became a licensing jurisdiction. This was marked by the Online Gaming Act of 2002 and led to the first issued license in 2003.
Panama-Licensed Casinos are sure to provide some helpful benefits to their players. Every online casino that has gone through the procedure of obtaining a license from the Panama Gaming Control Board is thoroughly checked for trustworthiness and transparency. All of the applicants for a license undergo a specific investigation which ensures that they successfully meet all of the needed guidelines and standards. One of the key points that the Panama Gaming Commission looks for is data protection of players and their information. The casino needs to follow safety standards against any attempts of fraudulent activity. Another vital thing is to reassure players that their gaming sessions are going to be conducted in a fair and transparent way which is completely randomized. All of the casino providers that are approved for a license by the Panama Gaming Control Board are held responsible for any illegal actions towards the state or their players.
The first thing to do before making a decision of a certain casino operator is to always check if the provider is properly licensed and what kind of certification stands behind its name. An easy way to make sure your choice of an online casino is legit is to search for the eGaming logo which should be installed in the footer of the website which clearly proves the operator’s compliance status. This is solid proof that the certain casino has obtained a license from the Panama Gaming Control Board or another licensing commission. It is of high importance for players to keep that in mind and always check these details before making the choice. In this way, gamblers can protect themselves from fraudulent operators who claim to be licensed but are actually not. Our team at CasinoDaddy.com always tests the online casinos which we review and recommend on our page so feel free to check them out!
The Panama Gaming Control Board has been on the gambling market for quite a long time in which it has specialized in proper licensing. Thanks to its good reputation in the industry, whenever players encounter a Panama-Licensed Casino, they can be sure that it follows all of the needed law regulations. This means gamblers can be confident that their gaming sessions are not manipulated and the process is fully fair and transparent. However, our team at CasinoDaddy.com advises you to always make sure the certain casino meets other criteria on your list so as to be able to meet your expectations prior to wagering your funds.
Player’s protection comes first when the topic is licensing so the choice of a casino operator needs to start with the protection of all your personal details and banking data. This would minimize the chance of hackers stealing your information or other fraudulent activities which may be the case when investing in an online casino without proper certification. The Panama Gaming Control Board aims at following these exact criteria in order to protect gamblers efficiently. The institution makes sure the players enjoy their gaming experience in a safe environment under specific safety guidelines. It is also important for the gaming commission to track where players’ information is being used – whether it is shared with any third parties without players’ consent or used by the operator for any illegal activities. In case any of the abovementioned standards are not met, the Panama Gaming Control Board will decline the casino’s application and won’t issue the needed license.
Website: https://gamblingcompliance.com/geography/panama
E-mail: prensa@mef.gob.pa
Jurisdiction: Panama
Type: Offshore
Founded: 1947
Address: United Kingdom, St Clare House, 30 Minories, London, EC3N 1DD;
The United States of America, 1725, St NW Suite #300, Washington, DC 20006
Phone: +1 202 261 3567; +44(0)207 921 9980