There are many rumors floating around that Olympic Sportsbook has struck a deal with Cybergaming, which is the company that owns both the now defunct Betpanam and Panama`s only gaming license. We are being told that these rumors have no substance and that in fact Spiros left Panama with nothing accomplished other than getting to know the home values in Panama. The meeting between Spiros and Cybergaming have been reported to be fruitless and unproductive. Sprios was not immediately available for comment.
It is also being reported that Roberto Castiglioni, president of TOW, an internet watchdog whose claim to fame has been trying to recover funds that have been stolen by Cybergaming/BetPanama, has been told that if he does not leave the country at his earliest, he will be arrested. We are not sure what the charges will be nor is Castiglioni. This turn of events re-enforces MajorWagers position stating that no books should relocate to Panama unless all Betpanam accounts are paid in full. It is clearly a corrupt government that has stolen over $700,000 of Betpanams player.s money and when pressured to do the right thing, react like a banana republic and arrest people for no reason.