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July-22-2004,
Panamanian Government continues to miss Deadlines...By The Major

The Director of Gaming for the Panamanian Government has once again led us on a wild goose hunt. Players were to be paid a certain percentage of monies owed today, but once again the Government was full of hot air. It is bad enough having to deal with Sportsbooks going under and stealing everyones money but it is quite another to have to deal with a rogue Government that refuses to dispurse the $500,000 bond that was in place to protect the players in the first place.

This venue is out of control and any operations located there now should look long and hard at finding a safer place to operate. Currently, any book operating in Panama is working under the license of CyberGaming. Cybergaming also reportedly owns 55% of the now defunt Betpanam. There is only one license. It does not take a rocket scientist to see what is happening here. Any books operating under this license are also working under the bond money that would now be considered "Players Money"



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