Pacific Islands

Hong Kong Entertainment, operator of Tinian Dynasty Hotel and Casino has had its casino license canceled, local media reports.

Tinian Mayor Joey Patrick San Nicolas said the operator could not meet the standards set by law.

With the cancelation, the Municipality of Tinian now has three available casino licenses.

The decision was made by the gaming commission during a special meeting on Wednesday, with a 5 to 0 vote in favor of executive director William Cing’s recommendation, who said

Aided by its natural beauty, remote location and China-friendly visa policies, a temporary casino on the tiny island of Saipan in the Commonwealth of Northern Mariana Islands is reporting a roaring trade, especially in VIP clients.

Tinian’s Mayor Joey P. San Nicolas says there has been serious interest from an investor who is willing to work with the Tinian Casino Gaming Control Commission towards being found suitable to assume ownership of the now closed Tinian Dynasty Hotel and Casino.

Hong Kong-listed Imperial Pacific said its temporary casino on the island of Saipan has reached saturation point after pulling in a total VIP table games roll of $6.1 billion in the first quarter.

Hong Kong-listed Imperial Pacific reportedly met with officials from ratings agencies Fitch Group, Moody’s and Standard and Poor’s last week, local media reports.

The municipality of Tinian has not collected any revenue since the closure of its sole major investor ,Tinian Dynasty Casino and Hotel.

Hong Kong-listed Imperial Pacific International Holdings has reported its Saipan casino business raked in US$6.1 billion in VIP table game rolling chip turnover for the first quarter of 2016.

Saipan’s federal court has denied the petition from the Laos Government for issuance of subpoenas on Bridge Capital LLC and its owner in connection with the criminal tax investigations in Laos, local media reports.

HK-listed Imperial Pacific, owner of Best Sunshine on Saipan has been given approval to increase the percentage of its rolling-chip program.

Hong Kong-listed Imperial Pacific International Holdings said it’s selling its non-gaming related subsidiaries in order to focus on its integrated resort business in Saipan.