Tuesday, June 18, 2019
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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.

IPI uses credits to defer tax payments

Imperial Pacific International said it was applying tax credits earned from previous years to defer paying income tax and blamed delays in land allocation, the weather and worker issues for its troubles in completing its Saipan resort.

Japan’s GCM agrees $500m investment in Imperial Pacific project

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.

IPI sees clear road ahead for resort construction

Saipan casino operator Imperial Pacific International is optimistic it will regain investor confidence after gaining approval to take over the Marianas Resort & Spa...

IPI allowed to manage and operate Mariana Resort

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 expects phase 1 opening by end of Q3

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...

Saipan looks to online gambling to offset falling casino revenue

More than six months after super typhoon Yutu wreaked havoc across Saipan, the island has been struggling to get back to its full fighting...

Imperial Pacific to pay $3m to settle wage dispute

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.

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GKL May sales slip 3 percent

Grand Korea Leisure reported a 2.9 percent decline in casino sales for May, pulled down by a drop in revenue from table games.