Anyone have a good rundown on the casino scene in Panama City? I see that a few casinos in town advertise sportsbooks but I'm wondering if simulcast wagering on international horse races is available. For sports betting are the spreads and juice typical to what I would find at bricks and mortar casinos in the US?

Almost every casino seems to offer a live poker room which is a plus for me.

Video poker available? Decent paytables?

Have read that conversion of casino chips back to cash results in a 5.5% "tax" paid to the house or the government. That sure seems punitive.

At US casinos, sports and race wagers are placed and paid off in cash as opposed to chips. Is that not true in PTY?

Appreciate any intel on the casino scene in Panama.