<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by jjgold:
Everyone will be leaving that garbage pit CR soon , good.<HR></BLOCKQUOTE>
JJ, there have been stiff books out of Panama before. You think (and I still think it's unlikely that a lot of books move there) it would change anything???
Nooooo sir.
One Latin country is just as bad as the next. Only differing degrees of badness.
Everyone will be leaving that garbage pit CR soon , good.<HR></BLOCKQUOTE>
JJ, there have been stiff books out of Panama before. You think (and I still think it's unlikely that a lot of books move there) it would change anything???
Nooooo sir.
One Latin country is just as bad as the next. Only differing degrees of badness.
I heard that the first sportsbook license wasn't granted until March, 2003 in Panama. Everything is planned to go through the Panamanian government. So were there any books located there in the past? If so, I assume without a license? Or, has any book ever really been there?
I don't usually do this but want to link these comments in here. Good topic and nice reply.....
http://therxforum.com/6/ubb.x?a=tpc&s=100090022&f=988094022&m=83310231
http://therxforum.com/6/ubb.x?a=tpc&s=100090022&f=988094022&m=83310231
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Patrick McIrish:
I don't usually do this but want to link these comments in here. Good topic and nice reply.....
http://therxforum.com/6/ubb.x?a=tpc&s=100090022&f=988094022&m=83310231<HR></BLOCKQUOTE>
Sure you don't, Pat
I don't usually do this but want to link these comments in here. Good topic and nice reply.....
http://therxforum.com/6/ubb.x?a=tpc&s=100090022&f=988094022&m=83310231<HR></BLOCKQUOTE>
Sure you don't, Pat
Who cares if a book is going to Panama? Some of you will learn that location doesn't matter. Every country has had a book go down and the same will happen to books that move to Panama. Panama will never to get too big with sportsbooks due to the impact that the US has on them. I would of rather seen a top pick in this thread than read about a book going to Panama.
Having spent a great deal of time in Panama over the years, as usual it can be a good/bad situation.
The Good is that you are dealing with one of the most modern settings in the region, with plenty of new infrastructure because of the impact of the banking industries (over 130 international banks have a presence right now). Hotels are excellent (The Bristol a personal favorite if you want something on the quiet side), Restaurants are quite good (Shula's Steakhouse likely to become the favorite of the off-shore crowd), there are some decent casinos (Cesar Park and Hotel Panama being the best, and there are plenty of places to bet live Race/Sports), and Punta Paitilla and Marbella are among the best neighborhoods to reside in all of Latin America.
The Bad is that it appears that there is only one Master License granted, forcing everyone under an umbrella, which is not a very good "control" situation at all. Very little leverage on dealing with tax or employment issues. The way that the license was issued has already created political enemies internally, especially among those that are already in the gaming industry in that country (CIRSA, Thunderbird and others have spent significant development $$$ through the years and were passed over). The government itself lacks stability, and the economy has been in a significant downturn the past two years. Related to that is the fact that extradition treaties between Panama and the U.S. are not favorable at all for this industry, and we strongly suggest any U.S. citizens doing their homework before making the move.
Except for a short "dry season" from December into March, the weather is swelteringly humid, all day every day. Brutal afternoon thunderstorms the rest of the year, and it can feel like living in a car wash.
As for the women, perhaps the most important indicator is that the overwhelming majority of the dancers in the clubs are either Colombian or Dominican.
Anyone that has been in San Jose for very long will likely enjoy the quality of life much more in Panama, except for the weather. But from an operations standpoint, those planning to move there should already plan on having their back-up location on standy.
Just some food for thought.
The Good is that you are dealing with one of the most modern settings in the region, with plenty of new infrastructure because of the impact of the banking industries (over 130 international banks have a presence right now). Hotels are excellent (The Bristol a personal favorite if you want something on the quiet side), Restaurants are quite good (Shula's Steakhouse likely to become the favorite of the off-shore crowd), there are some decent casinos (Cesar Park and Hotel Panama being the best, and there are plenty of places to bet live Race/Sports), and Punta Paitilla and Marbella are among the best neighborhoods to reside in all of Latin America.
The Bad is that it appears that there is only one Master License granted, forcing everyone under an umbrella, which is not a very good "control" situation at all. Very little leverage on dealing with tax or employment issues. The way that the license was issued has already created political enemies internally, especially among those that are already in the gaming industry in that country (CIRSA, Thunderbird and others have spent significant development $$$ through the years and were passed over). The government itself lacks stability, and the economy has been in a significant downturn the past two years. Related to that is the fact that extradition treaties between Panama and the U.S. are not favorable at all for this industry, and we strongly suggest any U.S. citizens doing their homework before making the move.
Except for a short "dry season" from December into March, the weather is swelteringly humid, all day every day. Brutal afternoon thunderstorms the rest of the year, and it can feel like living in a car wash.
As for the women, perhaps the most important indicator is that the overwhelming majority of the dancers in the clubs are either Colombian or Dominican.
Anyone that has been in San Jose for very long will likely enjoy the quality of life much more in Panama, except for the weather. But from an operations standpoint, those planning to move there should already plan on having their back-up location on standy.
Just some food for thought.
Panama will do anything for money, but when the US leans on them, they fold quickly also. Panama city was built by the money running through their banks. If you drive outside the city and take a look around you will see some of the worst poverty in your life. The locals call the sky scrapers, the coke towers.
Books were in Panama many years ago. Before the internet boom. The government ran them out.
Now they are again looking for a little peice of the action.
As for the weather in Panama, how do you like 95 degrees with around 90% humidity???
Books were in Panama many years ago. Before the internet boom. The government ran them out.
Now they are again looking for a little peice of the action.
As for the weather in Panama, how do you like 95 degrees with around 90% humidity???
