Pacific Islands
CNMI GDP was already down 11.2 percent in 2019
With an 80 percent drop in casino revenues, the CNMI GDP fell 11.2 percent in 2019, according to data from the U.S. Department of Commerce-Bureau of Economic Analysis.
Guam EGM legal battle heard in Supreme Court
The legitimacy of electronic gaming licenses in Guam is still up in the air, with attorneys on both sides arguing their cases to the Guam Supreme Court on Wednesday.
IPI first settlement to US Dept Labor paid on time
Imperial Pacific International first payment to the U.S. The Department of Labor to the tune of $164,000 was paid on time on April 1, according to IPI lawyer Michael Dotts.
IPI 2020 loss narrows, says it’s a going concern
Imperial Pacific International says its business is still viable despite reporting a loss for the past two years and said its controlling shareholder has pledged to provide finance to settle its liabilities and and potential litigation costs.
IPI chairwoman receives court order to provide copy of her cell phone data
Chief Judge Ramona Manglona of the District Court for the NMI has ordered Imperial Pacific International Chairwoman Cui Li Jie to make a forensic copy of her cell phone, including all WeChat data, as well as her email accounts, messaging accounts or other electronically stored information, in relation to one of the ongoing lawsuits against the firm.
IPI ordered to pay US$3 million to Pacific Rim
US District Court for the NMI Chief Judge Ramona Manglona has ordered Imperial Pacific International to pay over US$3 million to Pacific Rim Land Development, no later than March 30. for attorney’s fees and costs.
IPI ruled in contempt of court in another case
Chief Judge Ramona Manglona of the District Court for the NMI has ruled that Imperial Pacific International violated her discovery order in connection with the Pacific Rim Land Development case and is in contempt of court.
IPI avoids receivership after new deal with US Department of Labor
Imperial Pacific International has narrowly avoided receivership for the time being after reaching a new arrangement with the US Department of Labor. Meanwhile, it is also agreed between the US Department of Labor and the CNMI Department of Finance that the former’s consent judgement vis-a-vis IPI must take precedence over the latter’s tax lien.
IPI receivership deadline extended to March 23
The receivership proceedings of Imperial Pacific International was given another extension, this time for another four days until tomorrow, March 23.
IPI given extension to March 19 before receivership
Imperial Pacific International has been given an extension until March 19 to settle its debts before its assets are put into receivership. The company was to have paid millions in back wages and other costs by this Friday.
Life After POGOs – AGB Pop-Up Forum
The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
Acquiring & Retaining iGaming Customers
In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Asia Gaming Briefings – April 2021 Edition
In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
Asia Gaming Briefings – Feb 2021 Edition
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Asia Gaming Briefings – Dec 2020 Edition
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.