
Originally Posted by
flamingo
The constitutional democratic republic of Panama, the most important financial center in Central America, has an impressive history of international banking and services jurisdiction. It has a fully regulated body of internet gaming laws of the highest standard, comparable to the gaming laws of the Isle of Man, which means that the Igaming entrepreneur can open a gambling website and continue to be on the right side of US law.
Company's website is in the process and will be updated soon.
About the name of the casino, of course there is going to be some fire, will it be good or bad, time will show and our moves in the future. Some people will love it, some wont, but then again, isnt that the issue with all the products ??
Really
Even IOM and EU licenced casinos are considered ILLEGAL by the US.
Central America is considered "unstable" by many parts of the world, none moreso than by those foreign tourists who end up being kidnapped by the various factions in the varying power struggles in the region. There are a great many scams that emenate from Central America, and while the spirit may well be there, the ability of the government to regulate is not proven. The UK government recently launched a "whitelist" so that juristictions outside of the EU could have a fair chance of selling online gambling services to the EU market. I do not recall Panama getting onto this whitelist, and if they were seen by the UK government as up to IOM standards, they surely would have made it.
There is nothing illegal about UK players playing at a casino licenced in Panama, but it is ILLEGAL for such a casino to advertise for players within the EU, which makes the Email spam I received technically illegal, as well as raising the question as to how the hell Angel Casino got hold of my information in the first place. Either the casino condones spam, or they bought my info from a source that may well be breaking the law in selling it.
Most online casinos seem to have favoured Malta as their licencing juristiction in order to be able to legally promote themselves in the UK - worth looking at if the EU is going to be an important market, and well worth the extra effort, as players are far more likely to trust a casino licenced in Malta, than in Panama.
Empty Fruities Astern Capt'n
Back to port for unloading.
Full Sails - before we get raided ourselves.
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