A board meeting to determine whether the casino license of Imperial Pacific International (CNMI) LLC will be permanently revoked will be held on 3 May, the Commonwealth Casino Commission (CCC) of the CNMI has revealed.
The meeting, originally planned for March before being postponed by two months at IPI’s request, follows the suspension of the company’s license in May 2021 for failure to comply with certain requirements under its license agreement.
Those five complaints, filed by CCC Executive Director Andrew Yeom, related to IPI’s failure to pay its annual US$15.5 million license fee in August 2020, failure to pay its annual US$3.1 million regulatory fee in October 2020, failure to contribute US$20 million to the community benefit fund in both 2018 and 2019, failure to comply with its minimum US$2 billion capital requirement and failure to comply with a CCC order to pay all money owing to its vendors.
IPI’s Saipan casino, Imperial Palace · Saipan, had already been closed since March 2020 due to the COVID-19 pandemic.
CCC Chair Edward Deleon Guerrero, who will preside over the 3 May meeting, said both parties will be required to submit a complete list of stipulations regarding the charges against IPI by Friday 22 April, plus a list of all witnesses, evidence and any other materials to be presented, according to Marianas Variety.
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