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Panama takes a bigger cut from casino profits

Tuesday, April 3, 2012

Casinos and slot-machine operators in Panama will now have to pay 19 percent of their gross monthly income to the Junta de Control de Juegos, the country's gambling authority.

Previously, casinos payed 10 percent of their monthly income, however, the government changed the regulations on April 1.

Casinos in Panama reported earnings of $11.4 million in February this year, some $1.5 million more than the previous year.

Source (in Spanish): La Estrella