Wednesday, May 22, 2024

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Imperial Pacific International files for bankruptcy

Imperial Pacific International (CNMI) LLC, facing mounting financial pressure, has sought refuge in Chapter 11 bankruptcy protection, halting negotiations with the Commonwealth Casino Commission (CCC).

Imperial Pacific International challenges delisting decision

The Saipan casino operator Imperial Pacific International (IPI) has decided to proceed with Judicial Review (JR) Proceedings against the delisting decision made by the...

Imperial Pacific International told to delist from HKSE on February 22nd

A Listing Review Committee from the Hong Kong Stock Exchange has decided in favor of delisting Imperial Pacific International, with the group being told its share-listing capacity would end on February 22nd.

Imperial Pacific International faces claims exceeding $21 million from judgment creditors

Imperial Pacific International LLC is indebted to judgment creditors in both federal and local courts, encompassing the tax lien maintained by the CNMI Division of Revenue and Taxation, amounting to a total of $21,108,568.71.

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.

Imperial Pacific International handed 30 days to repay $62 mln in owed casino license fees

Imperial Pacific International (IPI) has been given 30 days by the Commonwealth Casino Commission board to pay $62 million total in casino license fees it has owed to the Commonwealth of Northern Mariana Islands (CNMI) for almost four years.

Imperial Pacific International winding up hearings pushed back to January 17th

Imperial Pacific International Holdings (IPI) has had its next winding up petition hearings pushed back to January 17th.

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).

Imperial Pacific International manager and director resigns

The manager and director of Imperial Pacific International (IPI), Dongting Zheng, has resigned from the Saipan gaming license holding company.