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Originally Posted by Webby
Yea.. Pamama is fine for banking. )
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This happened a week ago
Government of Panama poised to steal over 400k
As previously reported, The government of Panama is in a position to steal over $400,000 in players money. They are now trying to make a deal with certain players and in fact giving the majority of players nothing. Anyone involved in this process ought to be ashamed of themselves and are creating a black mark for online sportsbooks that will never fade.
1-13-2005
Government of Panama and Cybergaming steal players funds
The latest fiasco out of this Banana Republic is they have decided that anyone who deposited a large sum of money should be investigated for money laundering. Reports are that the owners of cybergaming and Betpanam have been working with the Government trying to explore ways of paying smaller players and stiffing the larger players. We can only presume this would be done to make the claim that they are paying players.
Anyone thinking of sending funds to Panama or relocating to Panama should heed this warning. Your funds and freedoms could be gone tomorrow for a few hundred thousand dollars. Any post up operation thinking of putting players fund at risk are being irresponsible and should be avoided. This venue is an embarrassment to online sportsbooks everywhere.