Thread: Panama City
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08-24-15 21:20 #4628
Posts: 3359Originally Posted by YippieKayay [View Original Post]
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08-24-15 20:38 #4627
Posts: 1137Originally Posted by Mongmann [View Original Post]
Let us know what you find though. I got back from Puerto Rico on a non-mongering trip and the black Puerto Rico ladies drove me nuts. They especially have a bit of an obesity problem in PR so some of these girls looked really unique compared to other parts in the Caribbean. I'd love to find the equivalent in PC.
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08-22-15 14:12 #4626
Posts: 3359Originally Posted by NCal2014 [View Original Post]
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08-22-15 05:41 #4625
Posts: 294Originally Posted by Dickhead [View Original Post]
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08-22-15 05:25 #4624
Posts: 156You got it
Originally Posted by Mfins [View Original Post]
The tax is on cashier transactions from chips to fiat money.
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08-22-15 05:19 #4623
Posts: 623Originally Posted by NCal2014 [View Original Post]
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08-22-15 04:09 #4622
Posts: 540Originally Posted by DanDDick [View Original Post]
One question, are they taking out the 5% on all chip transactions at the casino cage.
Meaning if I buy $1000 worth of chips at the table. Play one hand for $100 and push (tie). Get up and go the cage to cash out they will take $50 just to give me back cash for the chips even though I was only there 2 minutes and did not win or lose anything?
Or do they somehow have a way of tracking your winnings and are only taxing the winnings. (similar to what the sports book does).
Thanks-.
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08-22-15 01:32 #4621
Posts: 139Pty layover
Hey fellas looking for some quick info. Haven't been to PTY in about a year or so. Had a great time last time I had a layover. Doing it again this year in Nov on my way to CTG for a vacation with the novia from MDE. So I guess the Veneto is still in business. And the chica fee is approx $25 ? Correct? Looking for a nice hotel Marriott style type hotel really close walking distance to the Veneto. The rooms are super shitty there. Any recomendations. ? Otherwise will just stick to Veneto. Taxi rate- what is the rate for airport pick up and drop off from Veneto area to airport? Any help would be gladly appreciated. Will repost trip report with pics as always after my trip. Thanks fellas. Here's a couple pics from my last PTY layover enjoy.
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08-22-15 00:17 #4620
Posts: 197Casinos. Veneto
Originally Posted by Mfins [View Original Post]
On another topic, I was told today by a friend who now works at the Veneto that they had some issues with the government. Apparently not paying taxes. Seems the (a?) prior manager is in jail on money laundering charges & the governement now owns both the hotel & casino. He's rather pissed because they deduct health insurance from his check but he doesn't get any. Something about paying back the money stolen from the gov't taxes.
On another subject. Habanos was packed last night around 9:45. All shapes & sizes, many excellent, some not so much.
/ dddick.
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08-22-15 00:03 #4619
Posts: 3359Originally Posted by Mongmann [View Original Post]
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08-21-15 18:35 #4618
Posts: 294Question for the board??
Fellas, I'm looking at going over to Panama for a quick trip soon. I'm specifically into brown / caramel completed chicks with big bubble phat (not fat) asses that are real. These types would probably be described as black Panamanians. My question is how many of these typs are available? Are they all over the place or are they few and far between. I've mongered in a lot of places so I'm a pretty seasoned monger. I just want to know what I'm getting myself into. I see a lot of reports on Colombians who are not are ally my favorite. They seem to all have a ton of plastic surgery and are very business like which I don't like.
What do you guys think? Can I find black Panamanians with nice bubble phat asses pretty easily there? Or will it require a bit of work? Let me know what you think. Thanks!
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08-21-15 02:44 #4617
Posts: 540The tax on sportsbook winning tickets has been in place for years. It doesn't slow down any local sportsbook players.
The Tax on cash outs at the casino cage will also not slow down the casino at all.
No offense to the people of panama but, judging by how they play black jack, poker etc they could care less or do not pay attention to casino odds at all. They go against almost every statistical play. For small players which most are cashing out $50 or $100 will result in a very small tax. They do not look at the $5 the casino is taking they will look at the $95 they are winning. They do not understand that by giving the casino 5% kills there ability to win with any consistency.
American players tend to be more odds conciouss and it may effect casino tourism but, it will not effect in anyway the die hard Panamanian player.
What it will effect is speed of the game. When I sit down I usually change my cash into far more chips than I should need. I do this so I do not have to stop the action to continually get chips. Now there will be a huge disadvantage to buying more chips than you need in the beginning. Times this by 7 other people sitting at the table.
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08-20-15 22:53 #4616
Posts: 156Casino tax law no. 23
According to the President of the Association of Managers of Gaming (ASAJA), Antonio Alfaro, new regulations stipulating a tax on cash withdrawals by customers in Panama's casinos, are now being plagued with a number of technical issues which make it almost impossibly to collect the tax.
Law 23 went into effect in May which applied a tax on cash withdrawals from casinos of 5. 5 per cent. However according to Mr. Alfaro those responsible for drafting the law were not aware of the intricacies behind the accounting procedures on casino floors. For Alfaro, errors in the regulation mean that the lawmakers responsible for drafting the document did not know how accounting management procedures of casino works. "The authorities should have asked what things could have been done and what couldn't have," he said.
However, Javier Said Acuña, Head of the Legal Department of the Directorate General of Revenue (DGI), said: "Casinos and slot halls know that the tax is fully in force and must collect it as established by law. ".
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08-20-15 22:43 #4615
Posts: 156Casino tax
As I said before seísmo this is a new tax, in force since the beginning of August.
You can see placards at all the cashiers of all the casinos.
That is is the Veneto, the trump, or the one beside Habanos.
Enjoy.
Mellow.
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08-20-15 19:00 #4614
Posts: 66Casino tax?
I checked some gambling sites that I read once in a while but did not see any reports of this casino tax.
I expect to be in Panama sometime in October so hopefully some other people will report back by then.
Several years ago the company that owned the sportsbook in the Veneto also had several other locations. They must have had a bad week so they decided to create an imaginary tax on winning tickets of 5%. The other three sportsbooks in the area did not have the same tax. Needless to say, I stopped betting there. After about a week they only enforced the collection to foreigners that they did not know.
I saw a poker room try the same tax routine and they lost their game to another casino who valued the players.
Be sure this is a valid legitimate tax before you pay it. Call the gaming commission if need be.
If this is for real, sports betting is not beatable if you give up 5% off the top. Neither is poker.
The team that runs the sportsbook in the new casino in the Hilton on Avenida Balboa is fairly honest and I would like to see if I can get someone to check with them and report back.
Also keep in mind that the casinos mostly lease out the sportsbooks and poker rooms. Some even lease out table games and only keep the slots for themselves. Generally the hotel leases out the casino to one group, who in turn leases out the parts the do not want to take the associted risk of running.
If this is a real govt imposed tax I do not see it lasting too long as it will cost the casinos way too much in lost revenues.
Thanks.