In the Supreme Court of Justice, two annulment lawsuits filed in 2023 against the contract awarded to the company are still maintained.
Panama.- The National Charity Lottery of Panama (LNB) reported that they are still maintained, "in the office of Magistrate Cecilio Cedalise", the two annulment lawsuits that were presented last year against the contract awarded to the company that operates the electronic lottery.
Furthermore, the authorities of the LNB announced in statements released by the newspaper Metro Libre that "the National Charity Lottery, as an entity respectful of the law, is waiting for the highest court of justice to decide the future of said addendum, and to comply with it immediately."
On the other hand, from the entity they explained that "to date the Board of Directors of the Lottery has also not met, since director Saquina Jaramillo has not been ratified by the National Assembly."
See also: Panamanians allocated USD 1.375m to gambling in the first five months of 2024
It is worth remembering that last July, President Mulino ordered Saquina Jaramillo, the new director of the LNB, to end the electronic lottery of Panama, known as Lotto and Pega 3, with the aim of improving the efficiency and credibility of the LNB, since, according to the president, this modality "is not a business for the State".
Senate Resolution 1193 calls for an inquiry into banks’ apparent failure to flag suspicious offshore gaming operator-related transactions.
The Philippines.- Senator Win Gatchalian has filed Senate Resolution 1193, which seeks a probe into the alleged participation of banks in the development and establishment of offshore gaming operators. It also calls for an investigation to aid legislation on the apparent failure of banks to identify suspicious financial activities related to offshore gaming operators tied to criminal activities.
Gatchalian said that recent Senate inquiries had uncovered bank dealings involving companies owned by Guo Hua Ping (Alice Guo, the suspended mayor of Bamban, Tarlac) totalling hundreds of millions of pesos, which facilitated the establishment of an offshore gaming operator in Bamban. According to the senator, the amount involved was far beyond the financial capacity of the companies as indicated in their financial statements. The transactions were not flagged by financial institutions.
“The failure of these banks to report these dubious transactions raises the matter of the effectiveness of their internal controls and procedures for identifying and reporting suspicious transactions,” he said.
