Vol. 8 • No. 1 • January 11, 2010 - Print This Issue
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Vol. 8 • No. 1 • January 11, 2010, GLOBAL GAMING
Panama Appoints Thunderbird Board
The gaming commission of Panama has effectively seized control of the Thunderbird Resorts subsidiary operating in that country. How long the situation will continue is unknown.
The Panamanian subsidiary of Thunderbird Resorts has been assigned a new board of directors by the nation's gaming control commission. The subsidiary, International Thunderbird Gaming Panama, owns the Fiesta brand casinos.
Giselle Brea, executive director of the gaming commission, appointed Alberto Tiles as board president, Manuel Mata as secretary and Leris Bustamante as treasurer.
The move follows an audit last October that revealed financial problems with parent Thunderbird Resorts, according to reports from La Estrella and Yogonet. The gaming commission justified the action by claiming there were some irregularities with taxes.
International Thunderbird will be responsible for paying the new board their monthly salaries. The president will receive $8,000, the secretary $4,000 and the treasurer $2,000 per pay period.
The gaming commission will decide how long to maintain the new arrangement.
