Pacific Islands

Imperial Pacific, which has pledged to invest $7 billion on the Pacific island of Saipan, has requested an amendment to its Casino License Agreement to extend the deadline to complete construction of the properties.

Imperial Pacific International Holdings saw its VIP table games rolling chip turnover slump 14.5 percent year-on-year to US$1.7 billion, according to the company’s filing to the Hong Kong Stock Exchange.

Casino operator Imperial Pacific International has requested to extend the license of its temporary casino at T-Galleria in order to buy more time for the construction of its new integrated resort.

Imperial Pacific International (IPI) is planning a “soft opening” of its new casino on Mar. 31, but Saipan’s casino regulator has urged caution.

The company behind the $130-million Tinian Ocean View Resort and Casino has launched an online petition seeking support after the denial of a Master Siting Permit.

Fitch Ratings says it has not assigned a rating to Imperial Pacific International Holdings Limited's issuance of its US$70 million 8.5 percent per annum unsecured notes which was announced Wednesday.

Imperial Pacific Holdings says its resort on the Pacific Island of Saipan will open in the first quarter of this year, despite reports of funding difficulties.

Saipan casino operator Imperial Pacific says its temporary casino raked in US$5.6 billion in VIP table games rolling in January 2017.

A Saipan legislator has introduced a bill that would impose a five percent tax on all gaming revenues in the CNMI.

Imperial Pacific Holdings says its resort on the Pacific Island of Saipan will open in the first quarter of this year, despite concern over funding problems for the proposed $7 billion project.

 

Imperial Pacific Holdings says its resort on the Pacific Island of Saipan will open in the first quarter of this year, despite concern over funding problems for the proposed $7 billion project. The operator, which is currently working out of a temporary facility on the island, had initially planned a Chinese New Year opening, but in a recent stock exchange filing changed the wording about its planned debut to say the Imperial Pacific Resort will hold a soft opening in Q1.



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