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Tag Archives: Saipan

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 – 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 – 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…

Saipan – Commonwealth Casino Commission of Saipan commits to enforcing compliance with local regulations

The Commonwealth Casino Commission of Saipan (CCC) has strengthened its commitment to enforcing compliance by Saipan’s gaming operator with all required local and federal regulations. In a recent interview, the CCC has made clear its commitments to preserving the integrity of the gaming license and ensuring that the operator follows the required regulations as part…

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…