Tag Archives: Imperial Palace
Northern Marianas – Imperial Palace resort could see licence suspended in Saipan
Imperial Pacific International, the operator behind the Imperial Palace resort in Saipan, is now likely to lose its operating licence after admitting to the Commonwealth Casino Commission that it violated five orders of the Casino Control Act. Perpetual controversy has seemed to surround the Saipan casino even in days of its unprecedented success however its…
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…
China – Macau’s MGTO orders temporary closure of Beijing Imperial Palace Hotel
The Beijing Imperial Palace Hotel, which hosts the Greek Mythology casino, in Macau has been ordered to close for six months as a punishment for “serious administrative irregularities which constitute threats to public safety.” The decision was made by the Tourism Activities Centre the Government Tourism Office (MGTO) who ordered the temporary closure on July…
Saipan – Imperial Pacific to float shares to fund Saipan casino
Imperial Pacific, an investor in a Macau junket operator, is to launch 510m new shares on the Hong Kong stock exchange to raise funds for a HKD774m (US$99.8m) casino project on the Pacific island of Saipan. The company stated: “The maximum gross proceeds and the maximum net proceeds from the placing will be approximately HKD791m…
Northern Marianas – Imperial Pacific lands Saipan casino licence
Imperial Pacific International, an investor in one of Macau’s biggest junket operators, has announced it will develop a US$3.14bn casino resort in the western Pacific island of Saipan. Imperial Pacific, a financial contributor to the Hengsheng Group, confirmed it had been issued with a 25-year casino licence by the government of the Commonwealth of the…
