Imperial Pacific posts US$1.7 billion VIP revenue in November

Imperial Pacific’s temporary casino in Saipan raked in US$1.7 billion in VIP rolling chip for the month of November, according to its filing to the Hong Kong Stock Exchange.

The casino operator is currently building the Imperial Pacific Resort & Hotel on Saipan, with phase 1 of the development project expected to be completed in early 2017.

The development encompasses a total surface area of 140,000 square meters, and is located in Garapan at the heart of Saipan. The casino resort will include more than 200 gaming tables and over 350 slot machines. The 14-storey hotel building will offer more than 340 opulent hotel suites including 15 deluxe villas.

More news from this jurisdiction

Pacific IslandsFriday, Feb 17, 2017

Imperial Pacific International (IPI) is planning a “soft opening” of its new casino on Mar. 31, but Saipan’s casino regulator has urged caution.

Pacific IslandsWednesday, Feb 15, 2017

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.

Pacific IslandsFriday, Feb 10, 2017

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.

Pacific IslandsMonday, Feb 06, 2017

Saipan casino operator Imperial Pacific says its temporary casino raked in US$5.6 billion in VIP table games rolling in January 2017.

Pacific IslandsWednesday, Feb 01, 2017

A Saipan legislator has introduced a bill that would impose a five percent tax on all gaming revenues in the CNMI.

Pacific IslandsFriday, Jan 20, 2017

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

Pacific IslandsWednesday, Jan 11, 2017

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.