Navegante was contracted by a private company to develop a feasibility study pertaining to the development of an area of the Fort Amador Peninsula Islands, Panama as a resort destination.  The Navegante Group traveled to Panama to gather all relevant information required to develop the identified location into a resort, casino destination.

Navegante presented to the client, a detailed report containing financial assumptions, customer demographics, review of all competing businesses, resort and casino development recommendations along with a multitude of additional information and recommendations.

Navegante recommended that the client move forward with the project due to many facts.  The gaming market in Panama is under utilized. Our anecdotal impressions of multiple visits to the Caesar Park, El Panama and Continental casinos indicate that there is low utilization of the facilities by the premium visitors and by the wealthy residents alike. We know through our marketing and operational experience in the gaming centers in the United States that the wealthy individuals from Central and South America have a high propensity  to gamble. This indicates that this lucrative segment of the gaming market is choosing to gamble outside Panama even though they may have multiple annual visits to Panama and for many other reasons.