Panama Casinos To Benefit From Relief Package

Casino owners in Panama will be entitled to delay the payment of services during the COVID-19 shutdown after the Panama National Assembly’s approval of Bill 295.

The legal act postpones the payment of utilities, including internet access, telephone bills and energy bills until at least July, which will be made available to self-employed employees, casino, bar and restaurant owners, as well as micro and small businesses.

The initiative was accepted by all branches of the Panamanian Parliament finding a remedy for those who were severely impacted by the shut down activity due to the global COVID-19 outbreak.

National Assembly on social media stated: “In our goal to be helpful with Panamanians, the Law 295 includes the suspension of payment of public services, without implying any reduction on the quality or limitation, for all citizens.”

Beyond being available to those who work in qualified capacities, the programme would also be eligible for families who earn less than $2,000 a month, those whose income has been decreased, people who have lost their jobs, retired employees and pensioners.

Anyone who opt to use the relief plan will also have the option to finance the payments for the next three years, with late payment interest also expected to be suspended, as well as accessing the plan that will not appear on credit history.

In addition, the regulations also offer a sympathy incentive to workers of companies forced to close, and their contracts were indefinitely suspended for 90 days.

Last month, as part of a series of steps introduced by the Ministry of Health, the National Charity Lottery (LNB) modified the timetable of its lots draws. It also established a committee of institutional oversight to monitor the implementation and enforcement of those measures.