Gaming

The games of chance industry will need two years to recover in Panama

Thursday 03 de October 2019 / 03:17

⏱ 1 min read

(Panama).- "According to the numbers and calculations we have performed, we will need two years to recover," affirmed President of the Association of Games of Chance Administrators (ASAJA), Antonio Alfaro, about the games of chance industry in Panama.

The games of chance industry will need two years to recover in Panama

According to Alfaro, Panama lost its attraction due to the income tax to gambling tables. "Because that player goes to Colombia, Costa Rica and the Caribbean; those countries have improved their casinos and gambling halls," he pointed. He said that those countries have achieved to obtain that tourism. "They have even come to Panama to hire our personnel."

He said that Panama has the capacity to recover that tourism, offering its visitors, its purchases and the beach. He talked about the possible elimination of the 5.5% of the income tax to the games of chance and bets in Panama, by the Gambling Control Committee.

Alfaro talked about the losses and the layoffs registered recently, in casinos and games of chance venues.

He added that, nowadays, a 56% of layoffs have been registered on the sector. "It has meant the loss of more than 800 jobs in table games, without counting our losses in other casino sectors, " Alfaro stated.

Categoría:Gaming

Tags: Sin tags

País: Panama

Event

PERU GAMING SHOW – PGS 2026

17 de June 2026

Reusable Identity and Smoother Access: JUMIO’s Approach at Peru Gaming Show 2026

(Lima, SoloAzar Exclusive).- Peru Gaming Show (PGS) 2026 hosted the conference “Reusable Identity: Less Friction, More Play – How to Simplify Player Access,” led by Pilar Pereira, Director of Strategic Alliances at JUMIO. She explained how the evolution of digital identity is transforming user experiences on online betting platforms amid strong global growth in the sector.

Friday 03 Jul 2026 / 12:00

Andres Troelsen: "Peru remains one of EGT Digital's strategic markets in LATAM"

(Lima, SoloAzar Exclusive).- Following his participation in the Peru Gaming Show, Andres Troelsen, Regional Sales Director LATAM of EGT Digital, reflects on the company's priorities in the region, the evolving demands of operators, and the opportunities emerging across the Latin American gaming market for EGT Digital.

Friday 03 Jul 2026 / 12:00

Gaming Taxation in Latin America: Experts Warn of Excessive Levies

(Lima, SoloAzar Exclusive).- As part of the Peru Gaming Show (PGS) 2026, the panel “Taxation: Gaming Taxes in Latin America” brought together leading specialists to analyze the fiscal challenges facing the gaming industry in the region. Moderated by Carlos Fonseca, the discussion featured Tomás García Botta (MF Estudio) and Carlos Baeza (Baeza & Cía.). The experts agreed that excessive tax burdens not only discourage investment but also reduce channeling toward the regulated market and foster the growth of illegal offerings in various Latin American countries.

Wednesday 01 Jul 2026 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.