All casinos licensed in Panama
Roadmap to Casinos with the Panama Gambling License [and Guide to Games]
When it comes to choosing an appropriate and safe place to bet and win, naturally everyone’s first choice would be to look for websites licensed and regulated by the United Kingdom Gambling Commission or the Malta Gaming Authority. These two jurisdictions are holding tight to their top spots as the safest and most responsible licensors.
But they are also very picky and strict when it comes to allowing or not allowing players to become registered members, to deposit, withdraw, claim bonuses and play for real money.
what are you to do, if you are a player living in the United States, and not in any of those four states where online gaming is allowed by PASPA? Needless to say (unless you are new to the industry) then you already know from your own experience - you won't be accepted at UKGC and MGA-regulated gambling destinations.
Well, in come websites authorized by smaller and friendlier jurisdictions, such as Panama. We are sure, you’ve heard many bad reviews regarding such websites. Most frequently, the main argument is that Panama is a little too friendly, which makes it almost negligent, and therefore leads to rogue casinos prospering in the international segment.
In fact, there are cases of mismanagement and scandals in any jurisdiction. Yes, locations licensed by Panama, Antigua and Barbuda, Curacao, Cyprus require an additional check, such as a quick scan of players’ gaming portals for feedback. But this also means that these still remain official government-backed regulators, and many of Panama-licensed brands have been alive and running for years, with hundreds of positive responses from registered customers.
The question remains -
how to spot a safe online operator, and how to avoid a rogue one?
Follow us into a detailed review below for more information on the topic.
All About Panama Gambling License
Junta de Control de Juegos or Panama Gaming Control Board was established in 1947. Online gambling licenses were first issued in 2002, once the Online Gaming Act was passed. This makes Panama one of the youngest jurisdictions to participate as a licensor on a big and diverse international iGambling market. It is also one of the smallest regulators. The regulation and licensing of electronic games of chance and other wagering activities was among services that a permit would cover.
Companies choose this region for several specific purposes. First of all, governmental interference here is minimal. The banking industry is friendly to the online gaming industry. Both of these factors make Panama a perfect location to tailor and launch websites friendly to countries, where in-country virtual gambling is restricted or available in a small list of certain territories, and financial transactions with online casinos are closely monitored and prohibited. The United States of America is one such country.
Since 2012, all online gaming companies hosted in Panama need to be registered. Applicants must submit an audit and keep their activity accessible for regular inspections as long as the business is alive and functioning.
The master license is valid for seven years. The master license holder may issue sub-licenses (just as those companies licensed by Curacao) which are subject to the annual fee. In case the online gaming company accepts foreign wagers, it may operate almost tax-free under Panamanian taxation policies.
The cost of the master license covers the fixed process for application, as well as yearly commissions and fees for sub-licensing.
Software Compatible with the Online License from Panama
Panama-licensed websites have very clear targeting, and most frequently cater to the USA, Australia, South Africa, Singapore, as well as players from countries with national regulators and restricted access to European gaming, such as France, Italy, Spain and others.
Being certified offshore gaming brands, such lobbies are looking for the similar certified content because unfortunately, white-label i-tech giants like Net Entertainment, Microgaming, Playtech, Quickspin, IGT, Williams Interactive and others will never be spotted in Panama-certified lobbies. Why? They are not interested in obtaining a matching license.
So there you go. If you see a Panama-licensed website with a selection of NetEnt’s games, this would most likely be a rogue location that uses ripped software. We are not to say that it is fair for 100% because the online gaming industry is changing rapidly, and what was on point just a year ago, has changed several times by today. But we do urge you to spend some extra time with such brands by quickly scanning through forums and gambling portals.
On the other hand, such content creators as RealTime Gaming, Saucify, Rival, and Nucleus Gaming are frequent residents of Panama-regulated platforms. They are all also targeted at international traffic. They have many years of experience, as well as portfolios packed with slot machines, table games, arcades and video poker. Some companies, such as Nucleus, even manage to keep up with the design trends of the European industry. Others, like Saucify and Rival, prefer to keep it conservative. There has lately been a significant switch in approach of RTG to creating its slots - we’ve definitely noticed new technologies being used, so kudos to the creative team!
On the downside, one of the types of content highly unlikely to be found in such lobbies is live dealer.
Best Online Casinos with Panama Licenses
The majority of gaming locations available in our database offer content and services only in English. Among some of the oldest and most experienced is Vegas Casino Online that has been in business since 1999, as well as Slot Plus that dates back to 2002. Both of these are powered solely by RealTime Gaming and offer not only browser-based and instant, but also downloadable lobbies.
Specifically for US players, there are such places to bet and win as Sun Palace and Las Vegas USA. Both of these have more than fifteen years of experience, USD-friendly cashiers and targeted banking methods, as well as English for content and services.
Old Havana is among gambling destinations launched fairly recently, and an even younger gaming brand is Wild Casino that was established in 2017. The latter processes deposits and withdrawals in USD and Bitcoins, and supports entertainment by Nucleus Gaming and Global Gaming Labs.
Best Bonuses for Casinos Licensed in Panama
The bonus selection for Panama-friendly operators is very big. This is partly due to the abundance of RTG-powered platforms. RealTime Gaming often supports welcome cash match not on the first one to four initial deposits, as the case usually is at MGA and UKGC-regulated locations, but actually backs up to eight initial deposits with a cash match.
This cash match may usually vary between 200% to 25%, with over USD 1,000 being offered in certain cases. Naturally, the offers come with the rollover terms, and these usually start from 30xB and may reach up to 70xB.
A wager as high as 70xB will usually be applied to no-deposit deals. Thus, there is a special KTC promotion for newly registered accounts available at Vegas Casino Online. We’ve also got an exclusive deal with Old Havana. Newbies can claim up to 20 credits in no-deposit cash, but it has to be rolled over 70xB, which means that USD 1,400 should be invested into wagering.
Usually, slot machines are the type of content to contribute the most to the wagering requirements, but in some cases, deals will be offered on other cohorts. For instance, over at Wild, the welcome package is divided into three back-ups - for slots, table games and video poker.
VIP points are a rarer deal at such lobbies, but there may be daily and weekly promotions for the regulars, as well as cashback, occasional prize pools and draws. Slots Plus is among absolute leaders regarding bonuses for its frequently visiting members. There may be several daily bonus options, a Super Sunday deal, weekly propositions, cashback, and an offer long lost in many of the modern platforms - a referral bonus.
This type of promotion only works if both you and a friend you referred deposited and rolled the cash over specific amount of times.
Depending on the platform’s policy, if the rollover requirements were completed on time, not only cash won from watering the bonus, but also promotional money itself can be withdrawn.