Tag Archives: Imperial Pacific
Northern Marianas – Judge orders US Marshalls to seize Imperial Pacific’s assets
The US Marshals Service has been told to take assets owned by Saipan casino operator Imperial Pacific International (CNMI), including ‘computer hardware, furniture and equipment, motor vehicles, casino gaming machines and the two crystal dragons’ in order to pay a US$5.4m judgement to seven former building workers. The Saipan Tribune reported that Chief Judge Ramona…
Northern Marianas – Imperial Pacific told to sell off slot machines to pay off debts
Beleaguered Saipan casino operator Imperial Pacific International has been ordered by the federal court to sell vehicles and slot machines to repay a US$2.1m debt to construction company USA Fanter Corp. The value of IPI’s vehicle and slot assets is believed to be in the region of US$3.2m. Fanter Corp. had to issue a writ…
North Mariana Islands – Imperial Pacific wants judicial review into suspension of Saipan operating licence
Saipan casino operator Imperial Pacific International wants the Superior Court in Saipan to carry out a judicial review into the indefinite suspension of its casino license by the Commonwealth Casino Commission (CCC) of the Northern Mariana Islands. The casino at Imperial Palace Saipan has been shuttered since March 17 2020. Imperial Pacific said in its…
North Marianas – Imperial Pacific International has its licence suspended indefinitely
Imperial Pacific International has had its license to operate the Imperial Palace in Saipan suspended indefinitely by the Commonwealth Casino Commission (CCC) of the Northern Mariana Islands. Having violated five orders of the Casino Control Act, the operator has been ordered to pay $6.6m in total penalty within six months, and pay immediately $15.5m and…
North Marianas – Deadline looming with receivers on stand-by for Imperial Pacific
Imperial Pacific International, operator of the Imperial Palace Resort in the the Northern Mariana Islands in Saipan, has been told to settle its debts of US$1.2m or be placed into receivership by the US District Court of the Northern Mariana Islands. It will also have to place another US$800,000 into an escrow account to guarantee…
Northern Marianas – FBI raids Saipan Governor’s office over Imperial Palace casino
Trouble is continuing to mount for Saipan’s Imperial Palace casino with FBI agents raiding the governor of Saipan’s home and office, as well those linked to Imperial Pacific International. Saipan’s Governor Ralph Torres was questioned as well as phones and computers being analysed. Governor Torres said: “In every opportunity I have been given to serve…
North Marianas – Imperial Pacific changes resort name as partial opening nears
Imperial Pacific International has changed the name of its Saipan casino resort from Imperial Pacific Resort to Imperial Palace Saipan. The name change came as the group confirmed a partial opening of the resort ‘on or before’ September 30 2019. Cui Li Jie, Executive Director of Imperial Pacific International Holdings, said: “The board of directors…
North Marianas – Imperial Pacific’s VIP sector hit by airport closure
Having issued a profit warning at the start of the month, Imperial Pacific confirmed that a huge slump in VIP at its Imperial Pacific Resort on Saipan in the Northern Mariana Islands, resulted in a loss of HKD2.97bn (US$378m) in 2018. Revenue came in at HKD3.25bn for the year to December 31, marking a fall…
North Marianas – Imperial Pacific slams second round of Bloomberg accusations
Imperial Pacific International, the operator behind the Imperial Palace resort in Saipan, has come out fighting after an article published by Bloomberg in which it claimed’ illegal workers’ had worked in poor conditions. The article also questioned once gain the impressive figures generated by the casino’s gaming tables and highlighted some unusual payments to relatives…
