Tag Archives: Saipan
Saipan – Imperial Pacific Resort to complete hotel by August 2018
Having relocated its gaming floor from the temporary Best Sunshine Live facility to Imperial Pacific Resort at the start of July, Imperial Pacific International will complete the build of 374 hotel rooms at its Imperial Pacific Resort in Saipan by August 2018. The development of 15 luxury villas could be completed by January. The operator…
Saipan – Imperial Pacific given green light to open gaming floor before hotel
Imperial Pacific Resort, the permanent casino resort being built in Saipan, will open its gaming floor by July 15 despite not having opened its 250 room hotel as was previously set out in its terms and conditions. The island’s Commonwealth Casino Commission has amended the particular details governing this point in the casino license agreement…
Saipan – Imperial Pacific looks to convert bonds to raise HK$46m
Hong Kong listed Imperial Pacific International (IPI) wants to raise HK$46m by placing convertible bonds. It will use the funds to finish Phase 1 of its Imperial Pacific Resort project in Saipan. In a filing to the Hong Kong Stock Exchange, Imperial Pacific said: “The net proceeds of the placing of approximately HK$46m will be…
North Mariana – Imperial Pacific granted construction extension
Imperial Pacific International will be allowed an extra ten months to build its permanent casino, the Imperial Pacific Resort in Saipan. The Commonwealth of the Northern Mariana Islands (CNMI) Lottery Commission approved the amendment to its Casino License Agreement moving the deadline to August 2018. It also approved an extension for the company’s temporary casino,…
North Marianas – Imperial Pacific Resort to host 44 baccarat tables
Whilst Imperial Pacific’s permanent casino on the Pacific island of Saipan in the Northern Mariana Islands is still yet to open, executives from the company have confirmed how large Imperial Pacific Resort, as it will now be named, will be. Marketing Director David Largent was quoted in the local press as stating that the new casino…
Saipan – FBI makes one arrest after visiting Imperial Pacific
The Federal Bureau of Investigation has confirmed that it did visit Imperial Pacific International Holdings’ casino on the remote US island of Saipan and that it has arrested one person in connection with the death of a construction worker. Michele Ernst, an FBI spokeswoman, said: “The FBI conducted a search and made an arrest in…
North Marianas – Imperial’s VIP income dips in February
Imperial Pacific, the operator of a headline grabbing temporary casino in Saipan in the Northern Mariana Islands, reported a dip in its VIP GGR in February following the record amount reported in previous months. VIP turnover at its Best Sunshine Live temporary casino came in at $1.67bn in February down from the spectacular $5.6bn in…
Saipan – Imperial Pacific Resort facing long delays
The opening of the US$190m Imperial Pacific Resort, on the island of Saipan, could be put back to February next year following an extension request from the company behind it. Imperial Pacific International now wants to extend the 36-month deadline to 42 months to complete the casino part of the property. It wants to put…
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…
