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Reports

The gaming industry in Panama has an economic recovery of 98%

Friday 19 de May 2023 / 12:00

2 minutos de lectura

(Panama City).- The gaming industry, which was hit during the Covid-19 pandemic, has already recovered by 98%, as stated by the Executive Secretary of the Gaming Control Board, Manuel Sánchez, during the realization of the Seventh Ibero-American Gaming Summit.

The gaming industry in Panama has an economic recovery of 98%

Sánchez mentioned that the gaming industry is already recovering and there is little left to do, since truly Panama is a country where, at the end of the road, Panamanians play and have fun, playing not only in the casino but also in the lottery, for that reiterated that the industry to take a ride that was hit has recovered.

"I realize daily with the numbers, and I calculate that this month looks very good, and with the numbers that we manage in the Gambling Control Board, for the moment we calculate that for the next month we will be at 100%" Sanchez said.

In the same way, the Executive Secretary of the Gaming Control Board indicated that in order to continue improving the economic recovery of the sector, they have great challenges for the rest of the year, and he cited as an example that the launch of the instant game is coming on May 25. , also the televised bingo that existed before, but had some legal problems due to the fact that bingo was not regulated, as well as the responsible gambling campaign.

The gaming industry in Panama generates more than US$80 million for the State, money that goes to highways, schools, rural areas, among other things, they also pay more than US$45 million a year for rent in commercial premises, it contributes to Social Security more than US$8 million a year, not to mention the more than 10,000 direct permanent jobs in Panama, products of the gaming industry and the racetrack, since they also regulate the Presidente Remón Racetrack.

Categoría:Reports

Tags: Sin tags

País: Panama

Región: Central America and Caribbean

Event

SBC SUMMIT RIO 2024

05 de March 2024

Andre Gelfi explains the new regulation in the Brazilian gaming and betting market

(Rio de Janeiro, SoloAzar Exclusive).- The Managing Partner of Betsson group in Brazil, Andre Gelfi, was another key figure present at the inaugural SBC Summit Rio. In this exclusive interview with SoloAzar, he shared insights about the gaming and betting market in Brazil. Gelfi emphasized the hot topic of Brazilian regulations for the iGaming industry. In fact, he expressed his anticipation that the regulation, expected to be approved this year, will create a new landscape in the Brazilian market

Wednesday 27 Mar 2024 / 12:00

Influencers: "Between Effectiveness and Responsibility in the Gaming Industry".

(Rio de Janeiro, SoloAzar Exclusive) - As part of the Conference "Influencers: The Next Frontier of Social Media Marketing", as part of the Conference Agenda held on 6 and 7 March at the SBC Summit Rio 2024, leading industry personalities gathered in a panel to discuss the impact of the power of celebrities and influencers in generating engagement, as well as the proposed law that seeks to restrict their promotion of gambling.

Wednesday 27 Mar 2024 / 12:00

Pay4Fun: “We have ambitious expansion plans in the Brazilian market”

(Rio de Janeiro, SoloAzar Exclusive).- Leonardo Baptista, CEO and co-founder of Pay4Fun, is a key figure in the world of iGaming. His company, Pay4Fun, is a leading Brazilian online payment provider specializing in the iGaming market. During the first edition of the SBC Summit Rio, Baptista spoke exclusively with Soloazar, sharing insights about the new services that Pay4Fun will introduce to the market. He also discussed his vision for the future of iGaming in Brazil and Latin America. Another unmissable note by SoloAzar.

Wednesday 27 Mar 2024 / 12:00

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