Pacific Islands

Saipan casino operator Imperial Pacific International Holdings says it is expecting to record a substantial increase in profit for the six months ended June 30, 2016.

The CNMI government is expecting an additional $39 million of gaming tax at the end of this fiscal year.

Saipan casino operator, Imperial Pacific International is another step closer to securing a land lease which will include the land hosting the Mariana Resort and Spa.

Some 1,300 foreign workers in Saipan will be “shepherded out” by October, amid an ongoing contract worker crisis in the Commonwealth.

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.

Saipan casino operator Imperial Pacific International Holdings Ltd has announced its temporary casino Best Sunshine’s VIP table games rolling chip turnover in June was US$1.7 billion.

Tinian Dynasty workers who have been waiting for unpaid salaries are not happy about the transfer of Tinian Dynasty Hotel & Casino’s gaming license to its new owner.

The Philippines honorary consul to the CNMI is encouraging former employees of Tinian Dynasty to return to Philippines.

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.

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