- Gambling on a zest for quality -

Natural beauty and an intriguing cultural mix combine with a certain personal touch to create a welcoming destination

Casinos are helping to draw more tourists, as well as boosting government tax revenues

anama’s natural beauty and cultural mix are appealing to an ever-wider audience, with visitor numbers climbing every year. The diverse attractions on offer, its beaches, rainforests, Spanish forts and traditional tribal cultures, coupled with the country’s extensive infrastructure and services sector, make it the ideal starting point for any trip to the region.

The government ranks tourism as a priority sector. It hopes to create jobs and bring balanced development to poorer, rural areas through a number of tourism initiatives. The country hopes to see tourism revenues climb almost 20 per cent this year, generating $1.15 billion, or around 10.5 per cent of gross domestic product, up from just four per cent in 1990. In 2002, Panama attracted around 800,000 visitors, a rise of six per cent on the previous year.


Liriola Pitti
‘The ENP aims to connect the country through the reconstruction of bridges’

According to Liriola Pitti, general manager of the Panamanian Institute of Tourism (Instituto Panameno de Turismo, or IPAT), the state tourism marketing agency, there is plenty of room for growth. A record $10 million marketing budget has been set aside for 2003 to promote the destination to the outside world under the banner, ‘Panama, the path less travelled’.

The new campaign plays on the idea that Panama has always been a country open to the world, a melting pot of races, customs and traditions, and a transit route between continents and civilisations, but still a place that retains its own identity and secrets.

“We have some unique and very special places to visit here. There is the culture, the is history and also our ethnic tribes. We have the most extraordinary aspects of bio-diversity and all in our country,” she says.
As well as the country’s centenary celebrations, the Miss Universe pageant, due to be held in May, will generate further international exposure. The cruise ship industry, which only started to discover Panama a couple of years ago, is presently driving growth. Around 135 ships arrived in 2002, double the previous year, bringing more than 100,000 visitors, mainly from the US. The arrival of these short-stay visitors brings important benefits to the local economy. The government is looking to expand the country’s ports infrastructure to entice more ships and more wealthy European and American tourists. For every 12 visitors, it estimates that one new job is created.
Panama’s high-profile commercial standing is also crucial to the country’s hotel and leisure industry. With its strategic location between North and South America, it is set to play an even greater role as cross-border trade expands. It is good news for Panama City’s convention centre organisers, as well as nearby hotels, restaurants and other amenities.
The Caesar Park Hotel has been one of the favoured places to stay in Panama City for over 20 years. Whenever celebrities, heads of state or even royalty are in town, the chances are they will check in here. It also provides important back-up to the city’s Atlapa Convention Centre and is close to the airport.


Margarita García
‘The ENP aims to connect the country through the reconstruction of bridges’

Margarita García, general manager at the Caesar Park, believes her hotel offers the best accommodation in town, in terms of service, food, professionalism and overall value. “I think we have the edge over the rest,” she says.
The 361-room hotel offers exceptional business meeting facilities – it was selected as the temporary venue for the Free Trade of the Americas sessions between 2001 and 2003 – as well as superb dining, recreational and entertainment options. The Caesar Park presents a relaxed front to guests and offers a personal touch that is hard to match. Children, for example, are welcomed with a free teddy bear or cookies and milk at night, to make them feel at home. “In Panama you do things on a relationship basis,” says Mrs Garcia.

The casino and gambling industry is also enjoying good times after the privatisation of the sector in 1998. The award of licences to three separate private operators has led to an upturn in investment in gaming facilities and a better product for customers.
Fiesta Casinos – a joint venture between Panamanian shareholders and Canada’s International Thunderbird Gaming Corporation – is pioneering the development of the local industry. It recently opened its fifth casino in Chitre province. It has two other casinos in Panama City – located in The Panama Hotel and The Soloy Hotel – plus one in Colon, the country’s second largest city, and one in David, each offering state-of-the-art gaming facilities.


Lucas Alemán
‘The ENP aims to connect the country through the reconstruction of bridges’

Lucas Alemán, general manager of Fiesta Casinos, says that the privatisation of the industry has been a tremendous boost to the economy, with operators paying sizeable taxes. He says Fiesta Casinos pays $4.3 million a year in taxes, a figure which is almost certain to rise. In 2002, it also invested around $4 million in various projects to improve services. “We have created new employment and invested heavily in modernising the casinos, bringing in new games and the latest generation slot machines,” he says.
Currently, about 20 per cent of business comes from tourists, though there are plans to raise the figure substantially in the coming years, according to Mr Alemán. Fiesta Casinos is working with IPAT in promoting Panama as a gaming destination offering affordable holiday packages to entice more visitors.
“The gaming product is a new tourism product complementary to the existing wide variety of others that Panama has to offer – history, bio-diversity, shopping, culture, beach and sun,” he says.

Aside from first-class business meeting facilities, the 361-room Caesar Park Hotel offers superb dining, recreational and entertainment options, as well as exceptional service

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