Casino
November 21, 2022
NMI Court Greenlit Sale of Imperial Palace Saipan Assets
After auctions in October, the US District Court for the Northern Mariana Islands (NMI) has greenlit the sale of Imperial Pacific International (IPI) casino assets. As agreed, Clear Management, which serves as the receiver, will auction equipment from Imperial Palace Saipan worth more than $410,000. Imperial Palace Saipan Assets Got Auctioned The Saipan operator did […]
Casino
August 2, 2022
IPI Not Out of the Woods, Piling Debts May Cost License
The Commonwealth of the Northern Mariana Islands (CNMI)’s casino regulator, the Commonwealth Casino Commission (CCC), revealed in a meeting late last week the full extent of Imperial Pacific International (IPI)’s financial troubles, reported Marianas Valley. Obligations Continue to Grow The CCC broke down all of IPI’s outstanding obligations to the CMNI government and showed that […]
Casino
August 5, 2021
Imperial Pacific Asks for Five More Years to Complete Imperial Palace
The baffling case surrounding Imperial Palace International (IPI) and its escapades in Saipan doesn’t appear to be reaching the final chapter of the story anytime soon. Allegations of fraud, deceit, lack of funds, slave labor, missed construction deadlines and more haven’t been enough to force casino regulators or anyone else to take action. Now, acting […]
Casino
August 8, 2020
Stormy Clouds Above Imperial Pacific, Federal Charges Against Executives
Federal prosecutors indicted 3 people related to Imperial Pacific and its controversial casino project in Saipan, the second-largest island of the Mariana Archipelago and part of the Commonwealth of the Northern Mariana Islands (CNMI), a Bloomberg report revealed on Friday. The trio of Chinese nationals allegedly conspired to hire illegally a large number of Chinese […]
Legal
June 30, 2020
CCC: Imperial Pacific Casino License Hanging by a Thread
The investment holding company engaged in the gaming and hospitality business Imperial Pacific International Holdings Limited (IPI) is facing turbulent times ahead as the Commonwealth Casino Commission (CCC), the regulator in the Commonwealth of the Northern Mariana Islands (CNMI) issued an ultimatum to the company. CCC Ran Out of Patience The gaming regulator ordered effective […]