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CNMI to increase penalty ceiling under new bill

The House of Representatives is looking at increasing the maximum fine that can be imposed on players, licensees, vendors and employees of Imperial Pacific International under a new bill, local media reports.

If adopted, the new bill will see the present penalty ceiling of $50,000 to increase to $800,000.

According to House Gaming Committee chair Rep. Joseph Deleon Guerrero, the penalty ceiling would be the largest amount imposed on a casino in the US.

“It is three times higher than any US jurisdiction,” said Guerrero, adding that the $800,00 would act as a deterrent.

More news from this jurisdiction

Pacific IslandsWednesday, Jan 17, 2018

The principal owner of Tinian Entertainment Corp. says he is interested in resurrecting the defunct Tinian Dynasty hotel and casino.

Pacific IslandsWednesday, Jan 10, 2018

Imperial Pacific International has confirmed recent rumors about the departure of its chairman Mark Brown.

Pacific IslandsThursday, Nov 30, 2017

A mass exodus of workers on the Imperial Pacific Resort construction site could mean more delays are in store for the casino-hotel, which is aiming to complete construction by August 2018.

Pacific IslandsWednesday, Nov 22, 2017

The Commonwealth Casino Commission is recommending to set the maximum fine imposed on Imperial Pacific International to $200,000.

Pacific IslandsTuesday, Nov 07, 2017

Slot machines owner Sin Ho Nam and operator Dan Bin Choi LLC are suing the CNMI government over new zoning restrictions that have forced the company to relocate its slot machines.

Pacific IslandsTuesday, Oct 31, 2017

A “wind-up” petition has been filed against Imperial Pacific International over allegations that the company defaulted in paying construction management fees of approximately HK$2.6 million (US$333,284)

Pacific IslandsWednesday, Oct 25, 2017

Saipan casino operator Imperial Pacific International says it has invested over half-a-billion dollars into the CNMI local economy.