Representatives of the Commonwealth Casino Commission in Saipan have told the House of Representatives that imposing an additional 10 percent tax on casino gaming revenue is not appropriate at this time.
When Hong Kong‐listed Imperial Pacific said it would double its planned investment on Saipan, a tiny Pacific territory that forms part of the Commonwealth of Northern Mariana Islands, it’s fair to say eyebrows in the industry were raised. However, with a temporary casino now generating about $2 billion a month in rolling volume, investors are starting to see the appeal. AGB sat down with Imperial Pacific CEO Mark Brown to hear more.
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The CNMI Department of Labor has filed a lawsuit against Hong Kong Entertainment (Overseas) Investments Ltd for allegedly failing to comply with their settlement agreement in relation to the non-payment of wages to Dynasty’s workers.