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 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 the company, which will help to spur investor confidence.

“We just had over 300 investors on island. We basically flew them all ourselves. …We put them all up at the Fiesta [Resort & Spa Saipan], Hyatt [Regency Saipan] and we’ve had an all-day function at the [old] Sandcastle in Hyatt where we did presentations about the island, [the] Marpi land, and all of our investors are excited,” he said.

“…A lot of good news are coming out of what’s happening right now. We’ve had a lot of bad news and sad news that’s been going on…so this…[will] hopefully give everybody a jolt and help move forward with our plan,” he added.

About the new workers, Brown said he is expecting around 100 workers a month from Thailand and Taiwan to help complete construction of Imperial Palace Saipan.

Brown said that they are looking forward to having customers back on the island following typhoon Yutu.

“They help create revenue for the casino, which generates more taxes for the island, which is the goal.”