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, 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 IslandsMonday, Nov 20, 2017

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.

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.

Pacific IslandsMonday, Sep 25, 2017

37 illegal workers who worked on Imperial Pacific’s casino and hotel have refused an offer to be paid and sent back home to China.