Imperial Pacific International to owe US$103 million in unpaid fees to CNMI government
Troubled Saipan casino operator Imperial Pacific International (IPI) will soon owe more than US$100 million to the CNMI government as it awaits a long-promised capital injection from an investor. The Commonwealth Casino Commission (CCC) broke down IPI’s outstanding obligations during...
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Imperial Pacific outlines array of new revenue and funding sources, says outstanding license fees could be repaid in final bid to save Saipan casino
Imperial Pacific International has outlined several new sources of revenue and funding as it looks to avoid revocation of its Saipan casino license and resume operations at Imperial Palace‧Saipan. Ahead of a meeting with the Commonwealth Casino Commission next month...
Court finds Saipan regulator justified in suspending Imperial Pacific’s casino license
The Superior Court of the Commonwealth of the Northern Mariana Islands has found that the Commonwealth Casino Commission was justified in suspending the casino license of Imperial Pacific International (CNMI) LLC last April. The court’s decision, handed down by Superior...
Head of Saipan regulator says terminating Imperial Pacific’s exclusive casino license unconstitutional
The man who originally called for Imperial Pacific International (CNMI) LLC’s Saipan casino license to be suspended last year has described a push to override the company’s exclusive license terms as unconstitutional. According to a report by Marianas Variety, Andrew...
First auction of Imperial Pacific gaming equipment postponed
The first of six auctions to sell off gaming equipment owned by Saipan casino operator Imperial Pacific International (CNMI) LLC has been postponed for one month following an offer from IPI to the creditor. The auction had been due to...
IPI says value of Saipan assets down US$574 million on suspension of casino license
The parent firm of troubled Saipan casino Imperial Palace‧Saipan says the value of its assets has plummeted by HK$4.46 billion (US$574 million) following suspension of its casino license earlier this year. In a filing with the Hong Kong Stock Exchange...
Former IPI chair Cui Li Jie in contempt of court for second time
The former Chairperson of Imperial Pacific International Holdings, Cui Li Jie, has been found in contempt of court and given just over a month to comply or face a stint in jail. According to reports by Marianas Variety and Saipan...
CNMI lawmaker says dynamite the solution to Imperial Pacific’s unfinished Saipan resort
A member of the CNMI’s House of Representatives has called for Imperial Pacific International’s failed Saipan casino venture to be brought to a spectacular end by destroying its unfinished casino-resort with dynamite. His comments were made during a meeting of...
