I still haven't figured out the part about having a local currency linked to the US Dollar, relates to the locals speaking English.
Obviously, NOVER has never been to Panama, and put this article together upon second hand info he gleened off here and there.
I think the locals speak LESS English in Panama than is spoken in CR
Obviously, NOVER has never been to Panama, and put this article together upon second hand info he gleened off here and there.
I think the locals speak LESS English in Panama than is spoken in CR
Joey C:
You're right about that one thing. I couldn't figure that out either. But the essence of the article is right on the money.
I've been to Panama a couple times during the last months. There are things to like and there are things not to like.
But I think what Nover said about the US government is the main concern of anybody related to thsi industry.
WildBill proposed to start off clean in Panama. Allowing the government to regulate all books established there. What people are afraid of is a seemingly friendly government that would first welcome all bookies, just to sell them out eventually. The war against online wagering is barely beginning in the States.
You're right about that one thing. I couldn't figure that out either. But the essence of the article is right on the money.
I've been to Panama a couple times during the last months. There are things to like and there are things not to like.
But I think what Nover said about the US government is the main concern of anybody related to thsi industry.
WildBill proposed to start off clean in Panama. Allowing the government to regulate all books established there. What people are afraid of is a seemingly friendly government that would first welcome all bookies, just to sell them out eventually. The war against online wagering is barely beginning in the States.
joey c,
I think he was trying to say that when you are in a non-english speaking country and you only speak English than knowing what the price of goods are and getting change is a hell of a lot easier than trying to convert it in your head and holding up your fingers. in other words, it's 1/2 the battle.
I think he was trying to say that when you are in a non-english speaking country and you only speak English than knowing what the price of goods are and getting change is a hell of a lot easier than trying to convert it in your head and holding up your fingers. in other words, it's 1/2 the battle.
Walk:
The engagement is usually sweeter than the marriage.
Buddy Boy: Point well taken.
Intuition:
Fact: Several large and small international banks have closed over the past few years in Panama.
Fact: The Biggest Money Laundering Business in the world takes place within the Canal Free Trade Zone, and the USG does monitor Panama's banking.
Fact: If books open up, and keep a low profile they will probably be ok. Panama is a poor country, like CR.
And when you start getting idiots putting on million $ parties, acting crude in nice restaurants, buying extremely expensive cars, etc., and the locals ( politicians included ) get jealous and pissed. This is human nature.
It's my firm belief the taxes being paid in CR today ARE THE DIRECT EFFECT of this type of behavour. In other words, the books brought this upon themselves.
Too many books go to Pamama, and there will be problems down the road.
The engagement is usually sweeter than the marriage.
Buddy Boy: Point well taken.
Intuition:
Fact: Several large and small international banks have closed over the past few years in Panama.
Fact: The Biggest Money Laundering Business in the world takes place within the Canal Free Trade Zone, and the USG does monitor Panama's banking.
Fact: If books open up, and keep a low profile they will probably be ok. Panama is a poor country, like CR.
And when you start getting idiots putting on million $ parties, acting crude in nice restaurants, buying extremely expensive cars, etc., and the locals ( politicians included ) get jealous and pissed. This is human nature.
It's my firm belief the taxes being paid in CR today ARE THE DIRECT EFFECT of this type of behavour. In other words, the books brought this upon themselves.
Too many books go to Pamama, and there will be problems down the road.
Don't get me wrong Intuition Bet. I'm all about having as many places of operation as possible. That can only be good for this industry. If you review my posts about this topic, you'll find out I have not voiced a negative opinion towards the exodus from C.R. to Panama.
As a matter of fact, if there was the chance to have another stable place -willing to cooperate with the industry- I would go there and see what the place is all about. As I have been to Panama VARIOUS times already.
The question I asked is a legitimate question. As far as I know, the U.S. marines have never invaded C.R. Not even after the political and economical implications of La Penca. Besides, most of the weapon traffickers and drug lords use Panama as a banking center. The Feds know this.
If they wanted to make up an excuse to put preassure on the Panamenian government to have access to bookies' bank accounts, don't you think that would be a platform? Wouldn't they use the "anti-terrorism, money laundring" approach? C.R. Banks are a joke, no questions about that.
As a matter of fact, if there was the chance to have another stable place -willing to cooperate with the industry- I would go there and see what the place is all about. As I have been to Panama VARIOUS times already.
The question I asked is a legitimate question. As far as I know, the U.S. marines have never invaded C.R. Not even after the political and economical implications of La Penca. Besides, most of the weapon traffickers and drug lords use Panama as a banking center. The Feds know this.
If they wanted to make up an excuse to put preassure on the Panamenian government to have access to bookies' bank accounts, don't you think that would be a platform? Wouldn't they use the "anti-terrorism, money laundring" approach? C.R. Banks are a joke, no questions about that.
Originally posted by Joey C:
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Fact: The Biggest Money Laundering Business in the world takes place within the Canal Free Trade Zone, and the USG does monitor Panama's banking <HR></BLOCKQUOTE>
That's exactly my REAl concern.
I'm with you Joey C. As long as book owners keep on acting like mobsters wanna-bes, splurging money and not being discrete, any place will only be transitory.
Other posters have called all book owners to discretion and to handling of business in a more professional way. An attempt of a corporate approach if you want; but the main reason this cannot be done, it's bcause the US government is currently fighting the very nature of this industry. Books catering to American customer will not be all legal, until Uncle Sam wants to give this industry the chance to become legitimate. In which case, it'd be infinitely better to operate from the main land.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Do you really think the books will do all their banking in Panama?
The US can apply real pressure to any country, at any time, to get it's way. No exceptions. <HR></BLOCKQUOTE>
Once again , we agree.
I'm glad you brought it up. So people get to know these things as facts and not as AGENDA...
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Fact: The Biggest Money Laundering Business in the world takes place within the Canal Free Trade Zone, and the USG does monitor Panama's banking <HR></BLOCKQUOTE>
That's exactly my REAl concern.
I'm with you Joey C. As long as book owners keep on acting like mobsters wanna-bes, splurging money and not being discrete, any place will only be transitory.
Other posters have called all book owners to discretion and to handling of business in a more professional way. An attempt of a corporate approach if you want; but the main reason this cannot be done, it's bcause the US government is currently fighting the very nature of this industry. Books catering to American customer will not be all legal, until Uncle Sam wants to give this industry the chance to become legitimate. In which case, it'd be infinitely better to operate from the main land.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Do you really think the books will do all their banking in Panama?
The US can apply real pressure to any country, at any time, to get it's way. No exceptions. <HR></BLOCKQUOTE>
Once again , we agree.
I'm glad you brought it up. So people get to know these things as facts and not as AGENDA...
Joey C is probably right. The books that set-up there will probably do their banking OFFshore from Panama.
Joey C wrote: "And when you start getting idiots putting on million $ parties, acting crude in nice restaurants, buying extremely expensive cars, etc., and the locals ( politicians included ) get jealous and pissed. This is human nature."
That's sooo true...even here in Curacao. Let's hope that Showboating Idiots don't screw-up the public attitude about Sportsbook owners and companies.
Joey C wrote: "And when you start getting idiots putting on million $ parties, acting crude in nice restaurants, buying extremely expensive cars, etc., and the locals ( politicians included ) get jealous and pissed. This is human nature."
That's sooo true...even here in Curacao. Let's hope that Showboating Idiots don't screw-up the public attitude about Sportsbook owners and companies.
Joey C;
I was referring to Intuition Bet's post:
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Walk of Life - But wouldn't that of happened already in Costa Rica?
The FEDS know where everybody is at and what they do etc.
Panama's banking cooperates less with the U.S. than Costa Rica's banking so what's the REAL worry? <HR></BLOCKQUOTE>
The fact that you state the facts as simply as you do, does only reinforce what I was saying.
Geeez, dude... lighten up. I've never been fond of taking free shots at people. And I always pay respect, where respect is due.
I was referring to Intuition Bet's post:
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Walk of Life - But wouldn't that of happened already in Costa Rica?
The FEDS know where everybody is at and what they do etc.
Panama's banking cooperates less with the U.S. than Costa Rica's banking so what's the REAL worry? <HR></BLOCKQUOTE>
The fact that you state the facts as simply as you do, does only reinforce what I was saying.
Geeez, dude... lighten up. I've never been fond of taking free shots at people. And I always pay respect, where respect is due.
