Sunday, May 12, 2024

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Saipan casino watchdog delays Imperial Pacific license revocation decision

The Saipan Commonwealth Casino Commission (CCC) board has deferred its decision on whether to revoke Imperial Pacific International's exclusive gaming license in light of the company's Chapter 11 bankruptcy filing.

Uncertainty remains as deadline for Imperial Pacific $62 mln due fees payment approaches

The director and manager of Imperial Pacific International LLC, Howyo Chi, did not provide any updates on the expected payments of due gaming license fees, as the final deadline for payment approaches.

Daily Asia Gaming eBrief: Imperial Pacific International faces delisting risks

Imperial Pacific International’s parent company could face a possible delisting from the Hong Kong Stock Exchange, as the Saipan operator continues to face challenges on multiple fronts. According to IGamiX Managing Partner Ben Lee the possible revocation of its casino license by the Commonwealth Casino Commission due to unpaid casino license fees just adds to the multiple challenges faced by the company.

Saipan casino regulator authorizes Imperial Pacific International’s counsel withdrawal

The Commonwealth Casino Commission board has authorized a motion to withdraw three counsels currently assisting Imperial Pacific International (CNMI) LLC in its Supreme Court appeal against CCC’s five complaints.

Saipan politician calls for immediate revocation of Imperial Pacific International casino license

A top political representative is calling for the Mariana Commonwealth Casino Commission to revoke the casino license of Imperial Pacific International (IPI).

Kan Pacific receives court authorization to sell Imperial Pacific property

The U.S. District Court for the NMI has approved Kan Pacific Saipan's petition for a writ of execution, granting them the authority to sell property owned by Imperial Pacific International (IPI) LLC in order to satisfy a court judgment exceeding $600,000.

CNMI Commission chases Imperial Pacific International for $25mil

The Commonwealth Casino Commission (CMNI) has asked the court to find Imperial Pacific International (IPI) incompliant pursuant to a previous commission order, requiring the casino operator to pay, over $25 million, in full, the Saipan Tribune reported.

Former Imperial Pacific Int. junket now part owner of casino parent company

A former Imperial Pacific junket operator has now become a part owner of IPI Holdings, the casino’s parent company, local media reports. 

Sale of Imperial Pacific International gaming assets begins to payback creditor

Imperial Pacific’s gaming equipment is now on the block to raise funds to pay back a creditor, according to Clear Management, which has been appointed as a limited receiver in the process. 

HKSE gives green light to Imperial Pacific share consolidation

The Hong Kong Stock Exchange has approved Imperial Pacific International's share consolidation, which took effect on Thursday.