Imperial Pacific Resort & Hotel, previously known as The Grand Mariana Resort & Hotel, is a deluxe integrated resort on the Island of Saipan. The $7.1 billion casino resort will include 250 gaming tables and 450 slot machines. A 374-suite hotel will open three months later. A second phase will include 1,200 hotel rooms, multiple shopping facilities, and a convention center.
The existential woes of Imperial Pacific International deepened even further this week as Saipan’s utility cut electricity services to its staff housing units over nonpayment of bills and a New York-based firm launched another lawsuit against the firm. In regard to the power cut, IPI Vice President Tao Xing issued an internal memorandum noting that […]
Imperial Pacific International was briefly hit by a power shutoff this week after falling delinquent on paying its energy bill. The Commonwealth Utilities Corporation (CUC) cut electric power to the company’s offices at Vestcor and perhaps its casino at Garapan as well. Asked by the local media how much IPI owed, CUC Executive Director Gary […]
US District Court Judge Ramona V. Manglona has awarded Pacific Rim Land Development a US$5.6 million judgement against Imperial Pacific International for a failure to properly pay for construction services. The judge found that IPI failed to make payments under its promissory note, delivering only US$5,650,000 of the total US$11,300,000 that was due by June […]
Imperial Pacific International has accused its former contractor, Pacific Rim Land Development, of providing false information in its lawsuit against the firm, and has filed a countersuit on the argument that Pacific Rim engaged in a “failure to negotiate in good faith and mediate” as had been required. Other counterclaims filed by IPI against its […]
Imperial Pacific International reported a more than 77 percent drop in 2019 revenue and a wider loss as its VIP business dried up.
Imperial Pacific International has failed in an attempt to quash a lawsuit from three local businesses who accuse the operator of interfering with their operations.
Imperial Pacific International warned its shareholders in a filing to the Hong Kong Stock Exchange that its full year 2019 results will include higher financial losses. The note stated that “based on the information currently available to the board, the group is expected to record an increase in net loss for the year ended 31 […]
Imperial Pacific International has hired two new lawyers, former NMI Bar president Sean E. Frink and Catherine J. Cachero of the Marianas Legal Strategy Group, to defend the company against a former contractor and subcontractor. These new lawyers will join Kelley Butcher, who has previously been representing IPI in this case. The plaintiffs, who are […]
Northern Marianas Commonwealth Legislature lawmaker Tina Sablan is seeking more information about Imperial Pacific International, as well as further revenue from the company. IPI was required by Section 16 of its Casino License Agreement to pay out US$20 million in 2018 and another US$20 million on or before October 1, 2019, for the Community Benefit […]
Imperial Pacific International, already challenged in meeting its financial obligations, issued a statement to the local community assuring them of its intention to fight through the many challenges, not least the disruption in the flow of tourists to the CNMI caused by the Covid-19 coronavirus issue. “Today, the new coronavirus outbreak is impacting the world, […]
IPI vice president for construction Eric Poon says the company is still waiting on the approval of “hundreds” of H-2B visa applications made in 2019, which is key to completing construction of its hotel tower on time, local media reports. Poon said that the resorts’ hotel beachfront villas and construction of the North Wing are […]
A CNMI district court has dismissed a lawsuit filed by a former Imperial Pacific International VIP hostess against her company after the two parties reached a settlement, local media reports. Shirlene Loh was a former VIP services host from October 2015 to August 2016. Loh said she worked 14 hour days, without break, but IPI […]
Imperial Pacific International is set to turn its sights to Japanese tourists and VIP gamblers, after hiring a number of marketing representatives to target the market. Speaking to the Marianas Variety, IPI senior vice president Donald Browne said the launching of Skymark Airlines’ Tokyo-Saipan flight service has allowed IPI to bring in Japanese visitors to […]
Phillip J. Tydingco, the high-powered lawyer who has been representing Imperial Pacific International (IPI) in a number of legal cases, has indicated that he will be stepping away from his role next week.
Inventive Star, the controlling shareholder of Imperial Pacific International (IPI), is disposing of around 4.9 percent of the issued share capital of the company, bringing its total stake in IPI to around 58.6 percent. IPI is the operator behind the Imperial Pacific Hotel & Resort, located in Saipan. No reason was given for the disposal. […]
Saipan casino operator Imperial Pacific International has been summoned to testify before a grand jury in January, as has been ordered to bring communications between IPI and Gov. Ralph DLG Torres about any discussions relating to cash, Saipan Tribune reports. Under the subpoena, IPI will appear at the court on January 30, 2020, and commands […]
Around 80 construction workers employed by Imperial Pacific International will leave the island starting today, prior to the January 2020 expiration of their H2-B visas, local media reports. The 80 workers are the first of a total of 150 Taiwan nationals that have been asked to resign. One worker said he believes they have been […]
A discrimination lawsuit filed against Imperial Pacific International from the company’s former director of operations has been placed under advisement by the District Court of the NMI Chief Judge Ramona V. Manglona after a motion hearing on Wednesday, Marianas Variety reports. Manglona said a written decision will be issued shortly. The lawsuit stems from Joshua […]
Imperial Pacific International (IPI) may be facing a fine of $375,000 for late payment of its casino license renewal fee, according to local media reports.
Imperial Pacific International is in hot water with the Saipan government for only paying a third of its $15 million annual license renewal fee, which was due on August 12, 2019. Gov. Ralph DLG Torres told the Saipan Tribune over the weekend that he received information from the Commonwealth Casino Commission that IPI had only […]
The controlling shareholder of Imperial Pacific International, a company known as Inventive Star Limited, has entered into a disposal contract with a third-party to sell around 14 billion shares of IPI. Inventive Star Limited currently owns approximately 63.5 percent of the issued share capital in IPI. Following the disposal to Guan Lim Capital Holdings Group, […]
Japan’s GCM Ltd. has agreed to invest $500 million in the first phase of Imperial Pacific’s integrated resort on Saipan, the company says.
Saipan casino operator Imperial Pacific International is optimistic it will regain investor confidence after gaining approval to take over the Marianas Resort & Spa last week, and the arrival of new workers from Taiwan and Thailand starting from May. IPI CEO Mark Brown said the latest two developments are the final pieces coming together for […]
Imperial Pacific has been allowed to manage and operate the entire Mariana Resort & Spa starting mid-May, local media reports. The announcement was made by IPI president and CEO Mark Brown during a Commonwealth Casino Commission board meeting on Thursday. “…We are stepping in and we are going to manage the property. We will take […]
Imperial Pacific International Holdings on Tuesday announced it expects to “partially” open its casino resort by September 30, 2019. The company didn’t add any more detail to its announcement to the Hong Kong Stock Exchange, only that the opening would be for phase 1 of its integrated resort development, which it calls “Imperial Palace Saipan.” […]
Hong Kong-listed Imperial Pacific will pay $3 million to settle U.S. Department of Labor claims that construction workers weren’t paid minimum wages and overtime, the AP reports, citing court documents.
Imperial Pacific International Holdings has been given an extension for completion of its initial gaming facility in Saipan to no later than February 28, 2021, according to a filing from the operator. IPI said the extension request, made to the Commonwealth Lottery Commission was made because of the “drastic reduction and non-availability of sufficient skilled […]
CNMI’s Development Plan Advisory Committee has recommended extending the deadline for Imperial Pacific International to complete construction of its Saipan hotel-casino to December 2020, local media reports. The deadline for the resort’s completion was originally August 31, 2018. However, IPI said it can not meet the deadline and submitted its proposal for extension to the […]
Saipan casino operator Imperial Pacific International has issued a profit warning for the six months ended June 30, 2018. IPI said the “substantial” decrease in profit is due mainly to a decrease in total revenue and impairment of trade receivables. The company has been working hard to finish construction of its Saipan resort. It has […]
Imperial Pacific International Holdings has announced the appointment of Ms. Xia Yuki Yi as its new executive director and chairperson of the executive committee, replacing Ms. Cai Lingli. Speaking about her resignation, IPI said that Ms. Cai resigned in order to “devote additional time to her family and other personal business commitments.” Ms. Xia Yuki Yi […]
With only a few weeks until the deadline for Imperial Pacific’s new resort hotel in Garapan, and an extension request in the works, IPI officials have revealed that the project is currently 69 percent complete, Saipan Tribune reports. Speaking to the Commonwealth Casino Commission on Tuesday, Eric Poon, IPI vice president for construction said the […]
Imperial Pacific International has hired nearly 600 foreign construction workers to help with the construction of the Garapan casino-resort facility, local media reports. The workers, who are from the Philippines, have arrived on H-2B visas. They are in addition to over 1,000 workers from Guam. “Construction progress on the casino-hotel project is much better than […]
Imperial Pacific International is considering adding night shifts for its construction workers in order to complete the Imperial Pacific Resort as soon as possible, according to a report from Saipan Tribune. Last week during a meeting between IPI executives and the Commonwealth Casino Commission, IPI admitted they will not be able to finish construction of […]
Imperial Pacific International is likely going to be missing its August 2018 deadline, and is currently in the process of applying for an extension to December, Saipan Tribune reports. IPI’s request came during a presentation at the Commonwealth Casino Commission regular meeting held on Thursday. “The development of the resort hotel experienced a big jump […]
A Chinese high-roller who has failed to pay back $5 million he borrowed from Imperial Pacific International is being sued by the company in the CNMI Superior Court, Marianas Variety reports. According to the casino operator’s attorneys, IPI lent $5 million to the defendant, Yonglun Bao on February 2, 2017 while he was in Saipan. […]
Bloomberg L.P. and two of its reporters are being sued in a Hong Kong court by Imperial Pacific International Holdings for defamation, Marianas Variety reports. The High Court of Hong Kong SAR’s Court of First Instance has issued a writ of summons to Bloomberg, which has been named first defendant in the lawsuit. Bloomberg reporters […]
Uncertain of their future and immigration status, a number of foreign workers at Imperial Pacific International have chosen to leave the CNMI, according to a senior company official, reported by Saipan Tribune. Speaking at a Commonwealth Casino Commission meeting last week, IPI human relations vice president Bertha Leon Guerrero said it was hard for CW1 […]
Lu Tsai, senior vice-president of operations and improvement for Imperial Pacific in Saipan, met with Asia Gaming Brief on the sidelines on the Japan Gaming Congress on Thursday to discuss his company’s efforts to build brand awareness within the Japanese market, an effort which he is now in the process of launching. According to Tsai, […]
Imperial Pacific International is facing mounting levels of bad debt due to its practice of extending direct credit to VIPs, while it continues to struggle to make headway on completing its hotel facilities. Problems for Saipan’s only operator continue to mount, with the company recently denying persistent reports it has been the subject of a Federal Bureau of Investigation raid. In its most recent results, the company posted stellar topline growth, though its outstanding receivables and debt provisions also gained in tandem, with the figures showing a high degree of credit risk concentration on just a handful of clients.
Imperial Pacific International (IPI) has confirmed it will be asking the CNMI government for an extension for the completion of its integrated resort in Garapan. Deadline for the resort’s completion is August 31, 2018, however, IPI said a deadline extension is required as a result of the termination of construction services by certain companies and […]
An effort to save a program that allows the Northern Mariana Islands to import labor is likely to fail due to recent cases of abuse and visa fraud, the AP reports. The visa classification, known as CW-1, allows employers to seek permission to hire foreign workers and is aimed at alleviating a labor shortage among […]
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. According to the Saipan Tribune, around 3,000 worker slots were cut from the CW-1 program this fiscal year, which has wreaked havoc on IPI’s […]
Imperial Pacific Resort Hotel has announced the opening of DÁ Lounge, the hotel’s new cocktail lounge as the icon of the entire property. DÁ Lounge is located in the lobby of the casino, adjacent to the fairy like marble staircase and the grand hallway with an LED ceiling screen, featuring the spectacular pastel sky of […]
Imperial Pacific International Holdings Ltd has announced amendments to its casino license agreement regarding timings for its initial gaming facility, as well as phase one and two integrated resorts. Under the revised proposal requirements and implementation schedules, the initial gaming facility is required to be completed ‘no later’ than August 31, 2018. According to the […]
Imperial Pacific International says it expects to complete the construction of its villas by January of next year, while 374 hotel rooms are expected to complete in August 2018, Marianas Variety reports. The operator shared its progress with the Commonwealth Casino Commission on Thursday. IPI added that it is also focusing on completing the food […]
Imperial Pacific International Holdings Ltd is set to open its integrated resort, Imperial Pacific Resort Hotel in Saipan, on Thursday, July 6, 2017, according to a company press release on Monday. “This spectacular new casino is set to redefine luxury as part of Saipan’s exciting development into a world center of leisure and entertainment,” said […]
Saipan’s Department of Public Works has finally approved Imperial Pacific’s conditional certificate of occupancy, bringing the casino operator one step closer to opening the casino portion of its resort project. According to local media, the permit was reportedly issued on Tuesday, with IPI now required to get approvals from the Commonwealth Casino Commission before it […]
More than 50 Chinese construction workers hired to build the Imperial Pacific Hotel & Resort gathered in a protest on Friday demanding to be paid their wages. According to a report from Reuters, the Chinese workers, who entered Saipan on tourist visas, demanded that the casino contractor MCC International Saipan pay their wages. Earlier this […]
Imperial Pacific’s new casino is set to feature more than 300 gaming tables and 48 baccarat tables once it gets the go-ahead to open to the public, according to Imperial Pacific International (CNMI) LLC marketing and public affairs director David Largent. According to a report from the Saipan Tribune, Largent says that they will make […]
The Secretary of the U.S. Department of Homeland Security, John Kelly, will decide whether the CNMI can continue a visa-waiver program for Chinese and Russian tourists, Marianas Variety reported, citing an interview with a U.S. official. In the meantime, the program will continue. “The final decision is up to the [DHS] secretary. The secretary has […]
Saipan casino operator Imperial Pacific International Holdings says it expects to complete construction of its casino on March 31, 2017, according to the company annual report released on Monday. “The construction of the Imperial Pacific Resort has been progressing smoothly, with over 2,000 workers working around-the-clock to ensure timely completion. It is expected that the […]
Imperial Pacific International Holdings saw its VIP table games rolling chip turnover slump 14.5 percent year-on-year to US$1.7 billion, according to the company’s filing to the Hong Kong Stock Exchange. VIP table games rolling for February was down nearly 70.2 percent sequentually from US$5.6 billion in January. The Saipan casino operator is set to hold […]
Casino operator Imperial Pacific International has requested to extend the license of its temporary casino at T-Galleria in order to buy more time for the construction of its new integrated resort, Marianas Variety reports. The casino operator was originally planning a “soft opening” of its new casino on Mar. 31, but it appears this deadline […]
Imperial Pacific International (IPI) is planning a “soft opening” of its new casino on Mar. 31, but Saipan’s casino regulator has urged caution, according to a report from Marianas Variety. On Thursday, Imperial Pacific representatives updated the Commonwealth Casino Commission and members of the House Committee on Gaming of the progress of its integrated resort […]
Saipan casino operator Imperial Pacific International Holdings has seemingly pushed back the opening of its new casino resort to the first quarter of 2017, deferring its earlier planned CNY opening. In a voluntary filing from the operator on Wednesday, the company said the “‘Imperial Pacific Resort’ will commence soft opening in the first quarter of […]
Saipan’s Labor Secretary Thomas E. Perez has requested for the federal court to issue a warrant to inspect the construction site of Imperial Pacific Resort in Garapan after an Occupational Safety and Health Administration was denied entry, Saipan Tribune reports. The OHS administration was attempting to investigate the alleged death of a worker and other […]
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 […]
Commonwealth Casino Commission officials have praised the efforts made by Imperial Pacific in hiring and training the local workforce in line with its employment plan and federal requirements, local media reports. Last week, 15 individuals completed the Baccarat Dealer Training provided by the casino operator, and are now certified to work on the casino floor. […]
The Commonwealth Casino Commission says there will be no-limit on the number of junket operators allowed to do business in Saipan once the Imperial Pacific Resort and Hotel opens next year. “No number [limit] for the junket operators. The live training facility that currently operates only has five VIP rooms, but when the Grand Mariana […]
Saipan casino operator Imperial Pacific International says it will continue to abide by the conditions of its license agreement in regards to imported labor, local media reports. In a statement to local media, the company said: “[IPI] would continue to follow and meet what is required based on the exclusive casino license agreement. Currently the […]
Saipan’s gaming regulator has issued a provisional license to Korea-based junket operator, Big Bang Entertainment, local media reports. The provisional license was issued by the Commonwealth Casino Commission on August 11, 2016 to Du Young Jang who owns Big Bang Entertainment LLC, and will expire on August 31, 2017. Deleon Guerrero, executive director of the […]
Imperial Pacific is set to offer a high-yield bond to investors in order to fund the construction of the Imperial Pacific Resort and Hotel on Saipan. The pricing of the notes, including the aggregate principal amount, the offer price and the interest rate have yet to be determined, said the company in a filing to […]
Casino operator Imperial Pacific International Holdings is asking the US government to ease the visa cap for overseas workers in order to support its future casino. Mark Brown, chief executive of Imperial Pacific in an interview with EJ Insight, said the cap of 12,999 workers for the transitional commonwealth-only worker-1 (or CW-1) program was reached […]
So far, Saipan’s experience with gaming has been like a rollercoaster ride: a near-vertical climb, followed by a precipitous drop. Now the remote island group may double down on gaming—this time online—as a much-needed revenue source. In 2015 the CNMI’s only gaming hall, operated by Hong Kong-listed Imperial Pacific International, opened as a temporary property […]
Hong Kong-listed Imperial Pacific finally opened the casino portion of its $3.1-billion IR project on the Pacific island of Saipan on July 6, though the group still faces hurdles in completing the resort. The company has generated considerable buzz since it opened a temporary facility which has been generating multi-billion dollar levels of VIP rolling volume from just 16 tables.