for those who have been wondering, this from the PanAm FAQ-

mjred · Feb 6, 2004

* How do I know my money is safe?

All monies are secured in an escrow account until the outcome of the sporting event wagered on is final. Furthermore, License holders in Panama are required to post a $500,000 bond as protection for customer deposits. Many sportsbooks claim to be bonded. Legally licensed sportsbooks in Panama are bonded.

see, no worries.

SunDevil · Feb 6, 2004

kerry · Feb 6, 2004

You have to read carefuly...

Legally licensed sportsbooks in Panama are bonded.

If this statement is true, then PanAm was obviously not legally licensed!

MeyerLansky · Feb 6, 2004

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by mjred:
* How do I know my money is safe?

All monies are secured in an escrow account until the outcome of the sporting event wagered on is final. Furthermore, License holders in Panama are required to post a $500,000 bond as protection for customer deposits. Many sportsbooks claim to be bonded. Legally licensed sportsbooks in Panama are bonded.

see, no worries.

<HR></BLOCKQUOTE>
Is that what customer service said?