Pacific Islands
IPI issues profit warning for 19H1
Saipan casino operator Imperial Pacific International said it expects to record a loss for the first half of 2019, due mainly to a decrease...
IPI acquires 50 percent stake in Saipan resort developer
Imperial Pacific International has announced it has entered into a sale and purchase agreement to acquire a 50 percent stake in American Sinopan LLC,...
IPI controlling shareholder reduces stake in the casino company
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...
IPI brings in Italian construction workers
Saipan casino operator Imperial Pacific International has turned to Italian construction workers to finish its project in Garapan.
According to the Saipan Tribune, quoting local...
Casino regulator pushes for lifting of IPI restraining order
The Commonwealth Casino Commission has asked the Superior Court to lift a temporary restraining order that blocks the release of information said to show Imperial Pacific owes millions of dollars to the Commonwealth of Northern Mariana Islands.
Online Gaming: Bad Bet for Saipan?
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...
Imperial Pacific confirms online gaming aspirations
Hong Kong-listed Imperial Pacific International confirmed it would be interested in online gaming operations on Saipan should the government pass legislation.
CNMI Bill proposes 10 percent net revenue tax
A local member of parliament has introduced a bill that would impose a 10 percent tax on net gambling revenue, while House Gaming Committee Chairman Ralph Yumul has drafted another that would prevent Imperial Pacific from writing off unpaid credit from its tax obligations.
Laos casino investors express interest in Vanuatu
Vanuatu may be setting up its fourth land-based casino after receiving interest from investors in Laos to set up a casino on the island,...
IPI interested in online gaming
Imperial Pacific International would be interested in online gaming in Saipan if the Commonwealth of Northern Mariana Islands passes a bill to legalize the practice, local media reports.
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