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Saipan’s gaming regulator suggests ending exclusivity of gaming license

In a recent meeting with the House Ways and Means Committee, the Commonwealth Casino Commission (CCC) Chairman, Edward C. Deleon Guerrero, suggested that the local legislature consider removing the exclusivity of the gaming license.

Guerrero believes that despite the only gaming licensee, Imperial Pacific International (IPI), currently being in the process of bankruptcy, the casino industry can help revitalize the local economy.

According to the local media outlet, Marianas Variety, Guerrero noted that Public Law 18-56, which legalized casino gaming on Saipan, provided for an exclusive casino license to fund the government’s retirement program. He stated that times have changed and it is now time for the Legislature to consider removing that exclusivity.

He mentioned that the CCC proposes to take a different approach once the Northern Mariana Islands (CNMI) government allows multiple casino licenses.

The CCC has failed to collect the $3.15 million annual regulatory fee from IPI since the onset of the COVID-19 pandemic in 2020. Meanwhile, IPI is currently entangled in a multifaceted legal dispute with the CNMI government and multiple officials.

Viviana Chan
Viviana Chanhttps://agbrief.com/
Viviana Chan is an editor, interpreter, and journalist. With over a decade of experience, she writes in English, Chinese, and Portuguese. Viviana started her career in Macau-based newspapers, where she became passionate about the region's social, financial, and cultural development. Her writing focuses on the economy, emerging industries, gaming development, political affairs, and cross cultural-exchange in the business and cultural domains. She is avid for news and eager to discover and cover stories that generate public relevance.

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