Pacific Islands

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.

Imperial-Pacific owned Best Sunshine, which has been developing a $7.1 billion casino-resort in the Northern Marianas, has been eyeing the Northern Marianas Housing Corp.'s idle piece of property in the heart of the busy Garapan business district, a local source reports.

The U.S. Court of Appeals has dismissed the appeal filed by more than 500 guest workers of Tinian Dynasty Hotel & Casino who sued the U.S. Department of Homeland Security Secretary for denying their CW-1 petitions.