Casino License

Online casino license in Panama

The Government has a modern legislation to obtain the online casino license in Panama.

Anyone, no matter if they are Panamanian or foreigner, can apply for this license and exploit their business on the internet.

OPERATING THIS ACTIVITY WITHOUT A LICENSE

Avoid a problem and get your online casino license, operating this type of business without having the license is punishable by jail in Panama and in any country in the world. Operating this type of activity without having a license is a crime against economic assets and is known as Scam.

Through resolution number 11 of March 6, 2020, the government of Panama establishes the conditions and restrictions for this activity.

The fact of using a cybernetic medium aggravates the case, that is, the penalty is greater than five years if you do not have an online casino license.

Once the license is obtained, we will take care of advising the client with all the instructions to follow in order to keep his license.

The person interested in obtaining the license must create a Panamanian corporation, contribute a sum of money as key rights, pay an annuity and follow a series of requirements.

REGULATED ACTIVITY

The fact that this activity is regulated in Panama is of great interest for entrepreneurs from all over the world to acquire this license in our country. We understand that there are many countries where this activity is prohibited or simply not regulated.

The right of keys is an amount imposed by the government and is the guarantee that the player who enters the website to bet has that if the online casino does not pay them the prize the gaming authority will pay it will the money of the right of keys.

Every year the online casino must pay to the government the sum of 20,000 and this is the profit that the government obtains for granting this type of license.

The fact of obtaining this type of license is a good business for those who want to operate this activity since it gives them security and avoids having a serious legal problem.

We have the experience and we can support you in all the procedures to obtain this license in Panama.

Do not hesitate to contact us.