Central & South America Zona Pharaohs - Managua Multicentro Las Américas Bello Horizonte Managua Nicaragua +505 225 56010 www.pharaohs.com.ni Owned by Buena Esperanza, Ltda. SA. Managed by Thunderbird Resorts, Inc. Slots ....................................... 100 Table Games ............................ 4 Casino Square Footage ......... 5,866 Convention Sq Footage ......... 8,891 Slot Halls Property Locations .................................. 50 Online Gaming Sites Nicaragua National Lottery www.loterianacional.com.ni Panama Until the late 1990s, Panama's casino industry was owned by the country's government. At the end of the decade, however, gaming establishments were privatized. Today casinos, lotteries, bingo, slot halls, race wagering, and sports betting are all legal in the country. Panama also offers licenses for online casinos. Revenue by Gaming Activity Revenue in Millions PAB 2010 2011 2012 Casino/Card Rooms 279.96 324.46 373.43 Commercial Bingo 1.05 0.84 0.92 Race Wagering 11.30 11.90 12.63 Sports Betting 11.41 16.94 13.46 Total 303.72 354.15 400.44 2013 387.07 0.99 12.54 9.06 409.65 Revenue Change From Prior Year 2010 2011 2012 2013 Casino/Card Rooms 6.80% 15.90% 15.09% 3.65% Commercial Bingo 29.96% -19.74% 8.96% 7.96% Race Wagering -9.16% 5.30% 6.14% -0.79% Sports Betting 30.47% 48.44% -20.57% -32.69% Revenue in US Dollars Revenue in Millions USD 2010 2011 2012 Casino/Card Rooms 284.81 330.21 380.58 Commercial Bingo 1.07 0.86 0.93 Race Wagering 11.50 12.11 12.88 Sports Betting 11.61 17.24 13.72 Total 308.99 360.42 408.10 2013 394.24 1.01 12.77 9.23 417.24 Inflation Adjusted Revenue Revenue in Millions 2013 PAB 2010 2011 2012 2013 Casino/Card Rooms 325.96 356.74 388.37 387.07 Commercial Bingo 1.22 0.92 0.95 0.99 Race Wagering 13.16 13.09 13.14 12.54 Sports Betting 13.29 18.63 14.00 9.06 Total 353.63 389.38 416.46 409.65 Panama Inflation Adjusted Revenue Change From Prior Year 2010 2011 2012 2013 Casino/Card Rooms 3.18% 9.45% 8.87% -0.34% Commercial Bingo 25.56% -24.21% 3.06% 3.80% Race Wagering -12.23% -0.56% 0.40% -4.61% Sports Betting 26.06% 40.18% -24.86% -35.28% Gaming Profile by Type of Location Locations Casinos .............................................. 17 34.7% Racinos ............................................... 1 2.0% Slot Halls ........................................... 31 63.3% Total .................................................. 49 100.0% Slots Casinos ........................................... 1,637 39.8% Racinos ............................................. 257 6.3% Slot Halls ........................................ 2,214 53.9% Total ............................................... 4,108 100.0% Table Games Including Poker Casinos ............................................. 197 75.8% Racinos .............................................. 29 11.2% Slot Halls ........................................... 34 13.1% Total ................................................. 260 100.0% Poker Tables Casinos .............................................. 43 100.0% Table Games Excluding Poker Casinos ............................................. 154 71.0% Racinos .............................................. 29 13.4% Slot Halls ........................................... 34 15.7% Total ................................................. 217 100.0% Casino and Card Room Gaming The gaming industry in Panama is controlled by the Panama Gaming Control Board (Junta de Control de Juegos), established in 1947. Panama's gaming law demands that gaming establishments turn 80% of their profits over to the government. The country's casinos were originally owned by the state but were privatized in 1997. Most of Panama's casinos are the main attraction in largescale casino resorts. Panama also licenses bingo halls and gaming machines outside casinos. Casinos are allowed to open only in hotels with at least 300 rooms and a five-star rating. Slot halls do not need to meet these requirements, but are not allowed to offer table games. Slot machines in Panama are divided into three classes: A, B, and C. Class A machines allow players to use cash, don't have a payout ceiling, and may only operate in casinos or slot halls. Type B machines can only read and pay out via player cards and they have a max bet of USD 5 and max payout of USD 5,000. Type C machines also can only accept cards, but their max bet is limited to USD 3 and payout is capped at USD 200. Type B and C machines can be located outside casinos and slot halls. Casino City's Global Gaming Almanac 223 Panama Central & South America Period 1/2003-12/2003 1/2004-12/2004 1/2005-12/2005 1/2006-12/2006 1/2007-12/2007 1/2008-12/2008 1/2009-12/2009 1/2010-12/2010 1/2011-12/2011 1/2012-12/2012 1/2013-12/2013 400 380 360 340 320 1 300 280 260 240 2009 2010 2011 2012 2013 410 390 370 Annual Race Wagering Revenue 330 310 290 2010 2011 2012 2013 Annual Casino and Card Room Gaming Revenue Revenue in Millions USD USD 101,399,149 126,766,208 151,512,682 185,178,417 221,725,656 251,076,130 266,781,687 284,818,350 330,211,829 380,579,933 394,237,338 350 2009 410 390 370 12 10 8 6 4 2 0 2009 350 2010 2011 2012 2013 330 Annual Race Wagering Revenue 310 290 270 250 2009 2010 2011 2012 Casino and Card Room Gaming Revenue Revenue in Millions 2010 2011 2012 Revenue in PAB 279.96 324.46 373.43 Revenue Change 6.80% 15.90% 15.09% Inflation Adjusted 325.96 356.74 388.37 Inflation Adj. Change 3.18% 9.45% 8.87% Revenue in USD 284.81 330.21 380.58 224 PAB 2013 150,022,118 186,191,173 214,873,245 249,797,193 290,407,220 304,652,315 315,894,747 325,955,465 356,742,782 388,374,507 387,066,543 Lotteries Lotteries have existed in Panama since 1872, when the first lottery was established to benefit educational causes. Panama's national lottery, the Lotería Nacional de Beneficencia, was established in 1914. The company is wholly owned by the government and sells lottery tickets at retail locations throughout the country. Race Wagering There are both ontrack betting and offtrack betting in Panama. Hipódromo Presidente Remón is the country's main track. It has been in operation since 1922. The track has slot machines in addition to live racing and betting services. Additionally, there are over 80 betting shops throughout the country. Race wagering is contracted to private companies by the Panama Gaming Control Board and is heavily taxed by the government. Revenue in Millions PAB Revenue in Millions 2013 PAB Annual Casino and Card Room Gaming Revenue PAB1 101,399,149 126,348,500 150,019,538 178,787,998 216,481,817 246,848,601 262,143,581 279,956,348 324,464,907 373,426,940 387,066,543 Data provided by Junta de Control de Juegos 2013 2013 387.07 3.65% 387.07 -0.34% 394.24 Revenue in Millions 2013 PAB Revenue in Millions PAB Annual Casino and Card Room Gaming Revenue 16 14 12 10 8 6 4 2 0 2009 Casino City's Global Gaming Almanac 2010 2011 2012 2013 Central & South America Panama Annual Race Wagering Revenue Annual Sports Betting Revenue Revenue in Millions PAB Revenue in Millions USD 14 12 10 8 6 4 2 0 14 12 10 8 6 4 2 0 2011 2012 2013 Race Wagering Revenue Revenue in Millions 2010 2011 2012 Revenue in PAB 11.30 11.90 12.63 Revenue Change -9.16% 5.30% 6.14% Inflation Adjusted 13.16 13.09 13.14 Inflation Adj. Change -12.23% -0.56% 0.40% Revenue in USD 11.50 12.11 12.88 Period 1/2000-12/2000 1/2001-12/2001 1/2002-12/2002 1/2003-12/2003 1/2004-12/2004 1/2005-12/2005 1/2006-12/2006 1/2007-12/2007 1/2008-12/2008 1/2009-12/2009 1/2010-12/2010 1/2011-12/2011 1/2012-12/2012 1/2013-12/2013 PAB1 11,480,018 9,136,848 8,633,493 8,722,319 8,233,161 7,745,054 9,017,835 8,988,043 12,504,215 12,443,599 11,304,385 11,903,894 12,634,705 12,535,316 PAB 2013 12,786,203 12,904,850 12,132,648 11,093,254 12,599,447 12,057,329 15,432,285 14,995,094 13,161,788 13,088,097 13,140,448 12,535,316 2009 2010 2011 2012 2013 Annual Sports Betting Revenue 2013 12.54 -0.79% 12.54 -4.61% 12.77 USD 11,513,735 9,169,951 8,640,797 8,722,319 8,260,380 7,822,141 9,340,159 9,205,760 12,718,362 12,663,764 11,500,708 12,114,736 12,876,722 12,767,546 Data provided by Junta de Control de Juegos Sports Betting Sports betting is contracted to private companies by the Panama Gaming Control Board and is heavily taxed by the government. Sportsbooks can be located in betting shops at the racetrack or in casinos. Bets can be placed on a variety of sports, including baseball, basketball, boxing, tennis, football, golf, and hockey. Revenue in Millions 2013 PAB 2010 18 16 14 12 10 8 6 4 2 0 2009 2010 2011 2012 2013 Annual Sports Betting Revenue 18 Revenue in Millions USD 2009 1 16 16 14 12 10 8 6 4 2 0 2009 2010 2011 2012 2013 Sports Betting Revenue Revenue in Millions 2010 2011 2012 2013 Revenue in PAB 11.41 16.94 13.46 9.06 Revenue Change 30.47% 48.44% -20.57% -32.69% Inflation Adjusted 13.29 18.63 14.00 9.06 Inflation Adj. Change 26.06% 40.18% -24.86% -35.28% Revenue in USD 11.61 17.24 13.72 9.23 Casino City's Global Gaming Almanac 225 Panama Central & South America PAB 2013 4,894,505 5,693,285 3,879,831 5,930,397 8,158,945 9,586,407 11,391,731 10,541,641 13,289,207 18,628,498 13,997,262 9,058,663 USD 3,977,373 3,171,925 3,307,661 3,848,061 2,641,540 4,181,676 6,048,349 7,319,213 9,388,380 8,902,702 11,612,047 17,243,097 13,716,340 9,226,484 Annual Commercial Bingo Revenue 1.20 1.00 0.80 0.60 0.40 0.20 0.00 2009 2010 2011 2012 2013 Data provided by Junta de Control de Juegos Revenue in Millions PAB Online Gaming Panama began licensing and regulating online gaming in 2002 when it adopted Resolution No. 65. The Gaming Control Board issues seven-year licenses to online gaming operators, and it doesn't restrict the types of betting that can be offered. The initial licensing fee is USD 40,000, with a USD 20,000 annual fee thereafter. Licensed operators must not allow citizens of Panama to engage in online gambling activities. Internet businesses are exempt from contributions, duties, or import fees on all machinery, equipment, furniture, vehicles, appliances, or materials necessary for the development of the project. This also includes an exemption from Panama's income tax and national direct tax on capital. Dividends and interest on securities issued by the company and traded in local or international markets are also exempt from any national direct tax. Commercial Bingo Commercial bingo is legal in Panama. Bingo halls must be licensed through the Gambling Control Board of the Republic of Panama. Annual Commercial Bingo Revenue Revenue in Millions USD 1 PAB1 3,965,726 3,160,475 3,304,865 3,848,061 2,632,836 4,140,466 5,839,623 7,146,113 9,230,302 8,747,925 11,413,823 16,943,003 13,458,542 9,058,663 Revenue in Millions 2013 PAB Period 1/2000-12/2000 1/2001-12/2001 1/2002-12/2002 1/2003-12/2003 1/2004-12/2004 1/2005-12/2005 1/2006-12/2006 1/2007-12/2007 1/2008-12/2008 1/2009-12/2009 1/2010-12/2010 1/2011-12/2011 1/2012-12/2012 1/2013-12/2013 0.80 0.60 0.40 0.20 0.00 2009 2010 2011 2012 2013 Annual Commercial Bingo Revenue Commercial Bingo Revenue Revenue in Millions 2010 2011 2012 Revenue in PAB 1.05 0.84 0.92 Revenue Change 29.96% -19.74% 8.96% Inflation Adjusted 1.22 0.92 0.95 Inflation Adj. Change 25.56% -24.21% 3.06% Revenue in USD 1.07 0.86 0.93 2009 Period 1/2002-12/2002 1/2003-12/2003 1/2004-12/2004 1/2005-12/2005 1/2006-12/2006 1/2007-12/2007 1/2008-12/2008 1/2009-12/2009 1/2010-12/2010 1/2011-12/2011 1/2012-12/2012 1/2013-12/2013 1.00 0.80 0.60 0.40 0.20 0.00 2010 2011 2012 2013 1 226 1.00 PAB1 1,502,094 1,311,833 1,487,804 1,280,046 1,109,082 1,102,994 996,284 805,939 1,047,360 840,588 915,869 988,746 PAB 2013 2,224,601 1,940,884 2,192,475 1,833,412 1,549,576 1,479,650 1,229,581 971,193 1,219,450 924,210 952,530 988,746 Data provided by Junta de Control de Juegos Casino City's Global Gaming Almanac 2013 0.99 7.96% 0.99 3.80% 1.01 USD 1,503,365 1,311,833 1,492,723 1,292,786 1,148,724 1,129,712 1,013,346 820,198 1,065,550 855,477 933,413 1,007,063 Central & South America Casino and Card Room Gaming Agency Junta de Control de Juegos Avenida Peru, Calle North 35 Este Edificio de Finanzas Panama City Panama +507 507 7903 www.mef.gob.pa Management: Management: Mr. Frank De Lima - Minister Management: Ms. Giselle Brea - Exec Sec of the Gaming Control Board Management: Mr. Andres De Leon - Secretary General Race Wagering Agency Junta de Control de Juegos Avenida Peru, Calle North 35 Este Edificio de Finanzas Panama City Panama +507 507 7903 www.mef.gob.pa Management: Panama Casinos Property Locations .................................. 17 Slots ...................................................... 1,637 Table Games ........................................... 154 Poker Tables ............................................ 43 Bingo Seats .............................................. 50 Racebook .................................................. 2 Sportsbook................................................ 1 Casino Square Footage ..................... 233,444 Convention Square Footage ............... 32,427 Rooms................................................... 1,763 Restaurants .............................................. 22 Entertainment Venues .............................. 3 Parking Spaces ..................................... 1,640 Employees ............................................ 1,641 % Reporting 76.5% 52.9% 41.2% 5.9% 11.8% 5.9% 52.9% 17.6% 52.9% 41.2% 17.6% 23.5% 52.9% Caribe Hotel & Fantastic Casino Caribe Management: Mr. Frank De Lima - Minister Management: Ms. Giselle Brea - Exec Sec of the Gaming Control Board Management: Mr. Andres De Leon - Secretary General Sports Betting Agency Junta de Control de Juegos Avenida Peru, Calle North 35 Este Edificio de Finanzas Panama City Panama +507 507 7903 www.mef.gob.pa Management: Avenida Perú y Calle 28 Slots ....................................... 191 Hotel Caribe Casino Square Footage .........5,662 Panama City Rooms.................................... 175 Panama Restaurants .............................. 3 +507 227 8814 Employees .............................. 21 Fax: +507 226 4790 [email protected] fantastic.com.pa Owned by Cirsa Casino Corporation. Games: American Roulette. Restaurants and Bars: Bar and Caribbean Restaurant. Casino Bingo 90 Management: Mr. Frank De Lima - Minister Management: Ms. Giselle Brea - Exec Sec of the Gaming Control Board Management: Mr. Andres De Leon - Secretary General Online Gaming Agency Junta de Control de Juegos Avenida Peru, Calle North 35 Este Edificio de Finanzas Panama City Panama +507 507 7903 www.mef.gob.pa Management: Avenida 1 y calle 56 Urbanizacion Obarrio Panama City Panama +507 265 0109 Fax: +507 223 0435 [email protected] www.bingo90casino.com Owned by Cirsa Casino Corporation. Slots ....................................... 348 Bingo Seats ............................. 50 Parking Spaces........................ 40 Employees .............................. 90 Central Park Hotel and Golden Lion Casino Management: Mr. Frank De Lima - Minister Management: Ms. Giselle Brea - Exec Sec of the Gaming Control Board Management: Mr. Andres De Leon - Secretary General Commercial Bingo Agency Miguel Brostella Street Panama City Panama +507 306 1000 [email protected] www.centralparkpanama.com Fiesta Casino Decameron Avenida Principal Farallón Farallon Panama +507 993 2255 www.decameron.co Owned by Codere. Junta de Control de Juegos Avenida Peru, Calle North 35 Este Edificio de Finanzas Panama City Panama +507 507 7903 www.mef.gob.pa Management: Slots ........................................ 50 Table Games ............................ 7 Four Points by Sheraton Hotel and Winland Casino Management: Mr. Frank De Lima - Minister Management: Ms. Giselle Brea - Exec Sec of the Gaming Control Board Management: Mr. Andres De Leon - Secretary General Millenium Plaza Colón Panama +507 447 1097 www.winland.com.pa Casino City's Global Gaming Almanac 227 Panama Central & South America Gran Hotel Nacional and Fiesta Casino Los Guayacanes Hotel & Casino Chitre Calle Central David David Panama +507 775 2221 Fax: +507 775 7729 www.hotelnacionalpanama.com Vía Circunvalación Chitré Slots ........................................ 80 Herrera Table Games ............................ 4 Panama Poker Tables ............................ 1 Rooms ..................................... 64 +507 996 9341 [email protected] Employees.............................. 200 www.losguayacanes.com Owned by Codere. Games: Baccarat, Blackjack, Poker, and Roulette. Slots ....................................... 280 Table Games ........................... 10 Poker Tables ............................ 2 Casino Square Footage .........6,673 Rooms..................................... 78 Restaurants .............................. 3 Employees ............................. 180 Owned by Codere. Games: Baccarat, Blackjack, Poker, and Roulette. Attractions: Bowling Center. Majestic Casino Multicentro Gran Hotel Soloy & Fiesta Casino Avenida Peru y Calle 30 Slots ....................................... 193 Table Games ............................ 6 Zona 4 Panama City Casino Square Footage .........3,444 Panama Rooms.................................... 220 Restaurants .............................. 2 +507 227 1133 www.granhotelsoloy.com Owned by Codere. Games: Blackjack, Progressive Poker, and Roulette. Hilton Hotels Corporation Panama City Planned 'Hilton Panama Hotel and Casino' Balboa Avenida and Aquilino de la Gua Convention Sq Footage ........22,000 Panama City Rooms.................................... 351 Panama Restaurants .............................. 4 +507 280 8000 [email protected] www.hiltonpanama.com/ Owned by Hilton Hotels Corporation. Games: Blackjack, Roulette, and Texas Hold'em. Hotel El Panama & Fiesta Casino Via Espana 111 Slots ....................................... 320 Zona 1 Table Games ........................... 16 Panama City Poker Tables ............................ 5 Racebook ................................ Yes Panama Casino Square Footage .......20,000 +507 215 9000 Rooms.................................... 335 Fax: +507 223 6080 [email protected] www.elpanama.com Owned by Codere. Games: Baccarat, Blackjack, Poker, and Roulette. 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Slots ....................................... 625 Table Games ........................... 42 Poker Tables ............................ 14 Racebook.................................Yes Sportsbook ..............................Yes Casino Square Footage ....... 45,000 Convention Sq Footage ....... 10,277 Rooms .................................... 327 Restaurants ............................... 6 Entertainment Venues .............. 1 Parking Spaces ....................... 400 Employees .............................. 600 Owned by Silver Entertainment, LLC. Games: Blackjack, Craps, Mini-Baccarat, Poker, Roulette, Texas Hold'em, and War. Entertainment Venues: La Fontana Lounge. Attractions: Bamboo Sea Spa & Gym. Racinos Property Locations ................................... 1 Slots ....................................................... 257 Table Games ........................................... 29 Simulcasting ............................................. 1 Sportsbook ............................................... 1 Restaurants ............................................... 1 Entertainment Venues .............................. 1 Parking Spaces ....................................... 300 Employees .............................................. 253 % Reporting 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Hipódromo Presidente Remón Vía José Agustín Arango, Juan Díaz Panama City Panama +507 217 6060 Fax: +507 217 3437 www.hipodromo.com Slots ....................................... 257 Table Games ........................... 29 Simulcasting ............................Yes Sportsbook ..............................Yes Restaurants ............................... 1 Entertainment Venues .............. 1 Parking Spaces ....................... 300 Employees .............................. 253 Owned by Codere. Entertainment Venues: Casino Hipodromo. Slot Halls Property Locations .................................. 31 Slots ..................................................... 2,214 Table Games ........................................... 34 Casino Square Footage..................... 209,093 Rooms .................................................. 1,013 Restaurants .............................................. 15 Entertainment Venues .............................. 3 Parking Spaces ....................................... 200 Employees .............................................. 172 % Reporting 71.0% 16.1% 64.5% 12.9% 22.6% 9.7% 3.2% 6.5% Crown Casino Continental Via Espana y calle Ricardo Arias Slots ....................................... 150 Zona 7 Panama City Table Games ........................... 20 Panama Rooms.................................... 362 Fax: +507 265 6378 Restaurants .............................. 3 [email protected] Entertainment Venues .............. 1 www.continentalhotel.com Owned by Codere. 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