The Gaming Control Board has reported that the bookmaker maintains the liquidity and reserve levels required to operate in the country.
Officials from the Gaming Control Board (JCJ by its initials in Spanish) visited the offices of the gaming operator in Panama, after revelations that its parent company in Spain was facing serious financial problems preventing it from paying its debts.
Bets in the gambling industry totaled $1.03 billion in 2008.
Prensa.com reports on its website: "This increase goes hand in hand with the increase in tourism that Panama has experienced in the last few years," said Antonio Alfaro, president of the Association of Gambling Administrators (Asaja).