Tag Archives: Northern Marianas
North Marianas – Legislator introduces bill for five Saipan casinos
CNMI legislator Ralph N. Yumul has presented new bill that would scrap the casino monopoly currently held by Imperial Pacific and introduce as many as five casino licenses to the islands. The legislation will lessen the license fee for the five licensees to US$5m instead of the current US$15m for one casino licensee. Troubled casino…
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…
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…
Northern Marianas – Imperial Pacific’s licence in jeopardy over licence fee wrangle
Imperial Pacific International has been warned by the Governor of the Northern Mariana Island that it could have its licence suspended got its Imperial Pacific resort or have it revoked altogether if it doesn’t pay its annual US$15.5m license fee. In response to the Saipan casino operator asking to have the licence fee delayed or…
