• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 9 May 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Imperial Pacific set to save three-star Mariana Resort & Spa from closure

Newsdesk by Newsdesk
Wed 26 Sep 2018 at 06:12
Imperial Pacific IPI Saipan
Print Friendly, PDF & Email

Imperial Pacific International (IPI) has moved one step closer to taking over operations of Saipan’s Mariana Resort & Spa after the Lottery Commission this week approved the company’s request to operate a hotel of less than five stars.

The approval follows a recent announcement by Kan Pacific that it would cease operations at Mariana Resort on 30 September 2018 after more than 40 years. IPI quickly put its hand up to run the hotel instead but needs special permission given that its Casino License Agreement specifically limits it to running five-star hotels.

According to Marianas Variety, the Lottery Commission has given the green light to IPI’s request on the condition that Mariana Resort & Spa is the only hotel of less than five stars under its management. The company’s casino and hotel at Imperial Pacific Resort, which was recently granted a two-and-a-half year extension for completion to 28 February 2021, must still be five star.

IPI’s bid to lease and manage Mariana Resort & Spa is still being negotiated with the Department of Public Lands.

Also being considered by the Lottery Commission is a request by IPI to open Imperial Pacific Resort in phases.

It was only three week ago that the company’s Casino License Agreement was amended by Saipan’s Casino Control Commission and the construction deadline extended to 2021 after it became clear that IPI would not be able to meet its previous 31 August 2018 deadline.

Lottery Commission Chairman Mark Rabauliman said, “The request to allow them to open in stages was tabled as they are still negotiating the lease with DPL. For property management, DPL is ready to move with a contract so with that in mind we came back to the table to address the request which is to allow IPI to operate a facility of under five-star quality.

“There was a lot of discussion revolving around that because we want to make sure that we hold them accountable, and we want to make sure … that we are only specifically talking about Mariana Resort & Spa which they can maintain while they are putting together their plans for their Integrated Resort. We want to make sure that both parties in this case, the Lottery Commission and IPI, are on the same page.”

Rabauliman said the Lottery Commission preferred giving IPI the chance to operate Mariana Resort & Spa in order to save the jobs of the property’s employees.

RelatedPosts

UAE regulator issues advisory warning citizens not to do business or play with unlicensed lottery or casino operators

UAE regulator issues advisory warning citizens not to do business or play with unlicensed lottery or casino operators

Tue 10 Dec 2024 at 05:13
IGT reveals amendments to revolving credit facility and term loan agreements

IGT reports subdued 3Q24 results in first quarter excluding Gaming & Digital business

Wed 13 Nov 2024 at 04:51
CNMI Governor serves IPI with notice to suspend or revoke casino license

Regulator claims any buyer of IPI’s Saipan casino license would be required to make up US$1.6 billion investment shortfall

Thu 31 Oct 2024 at 04:35
Pacific puzzle

Creditors committee pushing for casino license to be included in liquidation of IPI’s Saipan assets

Tue 24 Sep 2024 at 05:31
Load More
Tags: CNMIImperial PacificlotteryMariana resort and spaSaipan
Share27Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Knife’s edge

Editorial – Knife’s edge

by Andrew W Scott and Ben Blaschke
Tue 29 Apr 2025 at 15:14

Thailand’s Entertainment Complex journey is at a critical point, with the success or failure of the initiative to be determined...

The changing face of Macau

The changing face of Macau

by Ben Blaschke
Tue 29 Apr 2025 at 15:09

Inside Asian Gaming takes a deep dive into the new, post-COVID Macau where a revenue environment that seems to be...

Born again

Born again

by Pierce Chan
Tue 29 Apr 2025 at 14:47

Premiering in September 2010 at City of Dreams, The House of Dancing Water was a visionary creation by artistic maestro...

Richard Howarth – Testing the limits

Richard Howarth – Testing the limits

by Ben Blaschke
Tue 29 Apr 2025 at 13:17

Richard Howarth, Chief Business Officer APAC for global testing laboratory GLI, discusses his career journey and his passion for fast-paced...

Evolution Asia
Aristocrat
GLI
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Japan Credit Rating Agency affirms Konami’s A+ rating due to “high earning capacity”

Stability in Australia, North America drives 7.4% revenue growth for Konami’s gaming segment in FY25

by Newsdesk
Fri 9 May 2025 at 06:48

Global gaming supplier Konami reported a 7.4% increase in revenue in its Gaming & Systems segment to JPY42.7 billion in the year ended 31 March 2025, with operating profit up by 16.3% to JPY7.3 billion, according to financial statements published...

MGM’s Hornbuckle bullish on “unique” Macau as China stimulus uncertainty sees gaming stocks dive

MGM’s Bill Hornbuckle extends employment contract through end-2028

by Ben Blaschke
Fri 9 May 2025 at 06:34

MGM Resorts CEO and President Bill Hornbuckle has renewed his employment contract with the company through to the end of 2028, after which time he will assume an advisory role to assist with the pre-opening phase of its US$9 billion...

Winds of change

Melco says working with potential buyers on bidding process for City of Dreams Manila

by Ben Blaschke
Fri 9 May 2025 at 06:16

Melco Resorts & Entertainment said Thursday that it is currently in discussions with potential buyers of its stake in Philippines integrated resort City of Dreams Manila and will soon have a shortlist of interested parties that will partake in a...

Melco prices US$750 million Senior Notes offering

Melco smashes revenue and profit estimates in 1Q25, gains market share on powerful performance of Macau resorts

by Ben Blaschke
Fri 9 May 2025 at 05:36

An impressively strong performance in Macau was enough to see Melco Resorts & Entertainment comfortably beat consensus in 1Q25, with the company reporting a 10.8% year-on-year increase in total operating revenues to US$1.23 billion including a 12.2% rise in gaming...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English