#Imperial Pacific International

AGB - Asia Gaming Brief

CNMI proposal to legalize online gambling “another desperate attempt”: Ben Lee

According to recent reports, lawmakers in CNMI are pushing for a new revenue stream, looking to online gaming. This comes as the multi-billion-dollar Imperial Pacific International (IPI) casino-resort operator faces calls for dissolution, with investors and creditors coming calling. The operator currently holds a monopoly for casino gaming on the…

Law ・ 19 December 2023

Marianas Variety

Bill to allow internet gambling in NMI

REPRESENTATIVE Ralph N. Yumul on Thursday introduced a still unnumbered bill that would allow internet gambling in the CNMI. "Considering that the casino on Saipan is locked, what do we do? How do we address [our obligation to the] retirees? How do we address the [revenue] shortfall?" Yumul asked in an interview after the House session. Under his…

Finance ・ 15 December 2023

iGaming Business

Saipan casino saga slithers toward second attempt

Over the past decade, Imperial Pacific International's Saipan casino project has gashed a path of destruction across the Commonwealth of Northern Marianas Islands, specks of US Pacific territory at least four hours' flying time from Asian markets. Among the ruins: unfinished, shuttered Imperial Palace casino hotel despoiling Saipan's downtown…

Incidents ・ 27 May 2023

Saipan Tribune

2nd auction of IPI casino equipment to focus on gaming tables, slot machines

A second auction of gaming equipment owned by embattled Saipan casino operator Imperial Pacific International (CNMI) LLC will take place this Friday, Dec. 9, with the focus shifting to larger equipment. According to Tim Shepherd of receiver Clear Management Ltd., the auction will include the sale of gaming tables, chairs and slot machine stools,…

Land-based ・ 04 December 2022

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Asgam

Imperial Palace planning to reopen Saipan casino in November

Imperial Pacific International (IPI) has announced plans to reopen its Saipan casino, Imperial Palace • Saipan, by November. Announcing its FY21 financial results on Friday, which saw loss narrowed from HK$7.39 billion a year earlier to HK$1.07 billion, IPI said it is close to finalizing a settlement agreement with the Commonwealth Casino…

Covid ・ 23 November 2022

World Casino News

Angel Group Company Limited inks casino equipment buy-back deal

Japanese casino equipment giant Angel Group Company Limited is reportedly set to buy back gear worth approximately $300000 from beleaguered operator Imperial Pacific International Holdings Limited. According to a report from Inside Asian Gaming, the move from the Kyoto-headquartered playing cards giant comes after a local court lifted an injunction…

Travel ・ 01 October 2022

Asgam

Receiver reopens online auctions for sale of Imperial Pacific’s Saipan casino equipment

Casino gaming equipment owned by Saipan casino operator Imperial Pacific International (CNMI) LLC is back on the market and set to be auctioned off from next month after a local court lifted a stay on the sale. The first of two auctions for IPI's equipment is scheduled to take place on 7 October followed by the second on 9 December. Both will…

Covid ・ 15 September 2022

Gambling News

Imperial Pacific International Dodges Losing its Saipan Casino License

IPI has managed yet again to postpone the hearing on the revocation of its monopoly casino license in Saipan The company owes more than $18 million to the Commonwealth of Northern Mariana Islands Casino Commission IPI claims it will settle its debts after an injection of financing but there is skepticism about the truthfulness of this…

Politics ・ 17 August 2022

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IPI “Open to Idea” of Issuing License to Another Casino Operator

Imperial Pacific International is "open to the idea" of another casino operator on Saipan, IPI's Acting Chief Executive Officer Tao Xing told the Commonwealth Casino Commission during a meeting Thursday. It was Commissioner Mario Taitano who raised the matter, noting that Xing earlier said he was "okay" with a proposed amendment to the casino law…

Covid ・ 06 May 2022

Saipan Tribune

‘2 NJ investors interested in offline, online Saipan casino’

Commonwealth Casino Commission executive director Andrew Yeom has disclosed that two New Jersey investors are interested in operating an offline and online casino on Saipan. Yeom said in an interview last Thursday that he recently received "officials calls" from these two separate investors that he described as "both legitimate." Right now, he…

Finance ・ 28 March 2022

Marianas Variety

Governor says $1M for casino commission not urgent

Politics ・ 03 November 2021

Marianas Variety

Yeom on online gambling: It’s up to lawmakers to decide

COMMONWEALTH Casino Commission Executive Director Andrew Yeom on Friday appeared before a House committee to present the findings of his research into the feasibility of internet gambling in the CNMI. Yeom was invited by House Gaming Committee Chairman Edwin Propst to discuss the issue with lawmakers. In his remarks, Yeom said he is not advocating…

Law ・ 21 September 2021

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Asgam

Saipan slot clubs sue government over sudden doubling of taxes, hint IPI influence

The operators of two slot machine clubs in Saipan have filed a complaint against the government of the Commonwealth of the Northern Mariana Islands after it enacted a law that effectively doubles the license fee of electronic gaming operators. According to a report by Marianas Variety, the Saipan and Northern Islands Legislative Delegation passed…

Finance ・ 10 August 2021

Asgam

IPI casino equipment, computers to be seized on second court order in a week

The US Marshals Service has been ordered to seize assets owned by Saipan casino operator Imperial Pacific International (CNMI) LLC, including gaming machines, computers and furniture, to help pay a US$5.4 million judgement in favor of seven former construction workers. According to local media reports, Chief Judge Ramona V. Manglona of the District…

Incidents ・ 20 July 2021

Asgam

Imperial Pacific ordered to sell slot machines, vehicles to repay debt

Vehicles and electronic gaming machines owned by Saipan casino operator Imperial Pacific International (CNMI) LLC are to be sold in order to repay a US$2.1 million debt to a former contractor. As reported by Marianas Variety, the federal court has granted a request by construction firm USA Fanter Corp Ltd to issue a writ of execution against IPI…

Covid ・ 11 July 2021

Marianas Variety

IPI vehicles, casino gaming machines will be seized and sold to pay USA Fanter

THE federal court has granted the request of USA Fanter Corp. Ltd. to issue a writ of execution against Imperial Pacific International LLC so its vehicles and casino gaming machines can be seized and sold to satisfy the over $2 million judgment previously entered against the Saipan casino investor. Chief Judge Ramona V. Manglona of the District…

Incidents ・ 11 July 2021

Marianas Variety

Casino commission to look into internet gaming

WITH Imperial Pacific International's future in doubt, the Commonwealth Casino Commission is now looking into internet gaming. During the commission's regular monthly meeting on Thursday, Chairman Edward C. Deleon Guerrero, the other commissioners and Executive Director Andrew Yeom discussed House Bill 22-47, which proposes to allow and regulate…

Covid ・ 25 June 2021

Calvin Ayre

Imperial Pacific close to having an online gambling site to mismanage

Online gambling could be coming to the Commonwealth of the Northern Mariana Islands (CNMI) as a financial lifeline to Saipan's only casino operator Imperial Pacific International (IPI). On Tuesday, the CNMI Senate approved the final reading of House Bill 21-31, which authorizes the CNMI's three'senatorial districts' - Saipan & the Northern Islands,…

Gambling Sites ・ 19 January 2021