Imperial Pacific VIP turnover drops 48.1 pct in April

Imperial Pacific’s temporary casino on Saipan generated VIP turnover of US$2.15 billion in the month of April, down 48.1 percent year-on-year, according to the latest company filing to the Hong Kong Stock Exchange.

The Saipan casino operator has been reporting slumping VIP results over the last few months, with VIP turnover of $2.96 billion in March, and $1.7 billion in February.

Last month, IPI was caught up in a wage dispute from the construction workers hired to build its Imperial Pacific Hotel & Resort. The workers staged a protest complaining about unpaid wages and unsafe working conditions.

More news from this jurisdiction

Pacific IslandsThursday, Mar 15, 2018

Imperial Pacific’s Saipan office was allegedly raided by U.S. federal agents last week, according to a report from Bloomberg.

Pacific IslandsTuesday, Mar 06, 2018

The U.S. government has ordered four China-based construction contractors behind IPI’s new casino resort on Garapan to pay a collective $13.9 million in back wages and damages to employees who came from China to work on the casino’s construction site.

Pacific IslandsTuesday, Feb 27, 2018

A lawyer representing Imperial Pacific International (CNMI) LLC told the Commonwealth Casino Commission last week that they are planning to propose an extension to resort completion deadline.

Pacific IslandsTuesday, Feb 20, 2018

Imperial Pacific International said it “repudiates all allegations of wrongdoing” published in an investigative article by Bloomberg looking into its operations on Saipan.

Pacific IslandsMonday, Feb 12, 2018

Saipan casino operator Imperial Pacific International said it is working on recruiting more U.S. workers for its hotel-casino in Garapan.

Pacific IslandsWednesday, Jan 31, 2018

Saipan casino operator Imperial Pacific has appointed Marco Teng as its new chairman, replacing former chairman Mark Brown, local media reports.

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.