Pacific Islands

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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Saipan casino operator Imperial Pacific International says it is happy with the progress of the 902 Consultations between the CNMI and federal governments.

Fitch Ratings has downgraded its rating for Hong Kong-listed Imperial Pacific International Holdings Limited, after concerns it has still not yet secured sufficient long-term funding for the construction of its casino and resort.

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