Tag Archives: Imperial Pacific
Saipan – Fitch downgrades Imperial Pacific on suggestions
Despite operating one of the top earning casinos in the world, Fitch Ratings has warned that Imperial Pacific could default on its loans payments. The operator recently revealed that its VIP table games rolling chip had surpassed US$32bn in 2016. But that hasn’t stopped the ratings agency from downgrading the Saipan casino group’s rating to…
Saipan – Imperial Pacific produces VIP turnover of US$32.4bn
Imperial Pacific, who operates the temporary casino Best Sunshine Live on the island of Saipan, said its VIP table games rolling chip reached US$32.4bn in 2016. To put that figure into perspective, VIP gambling turnover reported in 2015 by the Venetian Macao, a flagship property of casino operator Sands China Ltd in the Macau, was…
Saipan – Saipan Commonwealth Casino Commission defends Imperial Pacific
Saipan Commonwealth Casino Commission Executive Director Edward Deleon Guerrero has defended the operational practice of Imperial Pacific saying that its subsidiary Best Sunshine Live is operating in compliance with U.S. Banking Secrecy and anti-money laundering laws. Having posted its second highest rolling chip revenue ever, Imperial Pacific was the subject of a story by Bloomberg…
Saipan – Imperial Pacific denies money laundering investigation
Imperial Pacific’s gaming vehicle Best Sunshine International, operator of a casino in the pacific island of Saipan, has seen its share price fall to an 18 month low, following reports it is being investigated by the US Treasury’s Financial Crimes Enforcement Network. Imperial Pacific was keen to highlight that Best Sunshine hadn’t received any official…
Saipan – Temporary casino brings in $513m in six months for Imperial Pacific
Saipan casino operator Imperial Pacific has reported huge growth in both revenue and profit for the six months to end-June, having opened a temporary casino in July last year and then adding VIP tables by November. The group’s revenue hit HK$3.98bn (US$513m) with VIP tables accounting for HK$3.82bn and mass tables for HK$122.2m. Slots and…
Saipan – Imperial Pacific Resort to open in early 2017
Phase 1 of the $550m Imperial Pacific Resort, a spectacular integrated hotel resort with a casino dominated by 100 foot crystal dragons, destined for the islands of Saipan, will open in early 2017. Covering 140,000 square meters, this world luxury holiday resort is located in Garapan at the heart of Saipan. The casino will open…
North Marianas – Best Sunshine looking for investment to finish Grand Marina
Best Sunshine International, owned by Imperial Pacific International Holdings Limited, is looking for investors to raise $550m to finish the build of its Grand Mariana Casino & Hotel in Garapan, Saipan, in the Northern Mariana Islands. Grand Marina is part of an overall development destined for Saipan, the largest island in the Northern Mariana Islands…
Saipan – Imperial to form junkets following official Saipan opening
Imperial Pacific is to hold an official opening ceremony for the temporary casino that it opened on the island of Saipan in the Pacific on November 27. The temporary casino was opened back in July as the group looks to build the US$7.1bn casino that it committed to when it won the 25 year licence….
North Marianas – Imperial Pacific confirms soft Saipan opening
Imperial Pacific International has now held a soft opening for a temporary casino on the Pacific Island of Saipan in Northern Mariana Islands, as it builds the permanent facility. Imperial, one of the largest junket operators in Macau, wants to build the permanent complex, with around 4,000 hotel rooms, over five years with the final…
