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Imperial Pacific International facing $100million debt to CNMI government

Saipan-based Imperial Pacific International (IPI) is tipped to owe the CNMI government more than $100 million USD. Awaiting a further capital infusion from investors, Imperial Pacific International has missed payment on its license and regulatory fees for both the 2020 and 2021 periods.

Imperial Pacific International license revocation hearing set for May 3

The hearing to determine whether Imperial Pacific International will get its exclusive license in Saipan revoked has been set for 10am on May 3.

Former Imperial Pacific Int. junket now part owner of casino parent company

A former Imperial Pacific junket operator has now become a part owner of IPI Holdings, the casino’s parent company, local media reports. 

Sale of Imperial Pacific International gaming assets begins to payback creditor

Imperial Pacific’s gaming equipment is now on the block to raise funds to pay back a creditor, according to Clear Management, which has been appointed as a limited receiver in the process. 

HKSE gives green light to Imperial Pacific share consolidation

The Hong Kong Stock Exchange has approved Imperial Pacific International's share consolidation, which took effect on Thursday.

Imperial Pacific loss narrows, says it’s still a a going concern

Imperial Pacific posted a narrower 1H21 loss and said it believes the business is a going concern despite legal actions and the suspension of its license.

Imperial Pacific consolidating shares in bid to boost price

Embattled Imperial Pacific is planning a share consolidation, merging every 20 of the current shares, each worth HKD0.0005 into one consolidated share worth HKD0.01.

Imperial Pacific makes July settlement payment, urged to pay on time

Although conducted one day after it was meant to, reports indicate Imperial Pacific has paid out its July settlement payment.

Imperial Pacific struggles to turn the corner

The plight of its foreign workers has put pressure on Imperial Pacific International as never before, with even the US Department of Labor recently demanding action from the court, including the possible arrest of Chairwoman Cui Li Jie.

Imperial Pacific facing fresh complaint for non-payment of official fees

Acting Executive Director Andrew Yeom of the Commonwealth Casino Commission has filed another complaint against Imperial Pacific International, this time over the firm’s failure to pay the US$3.1 million annual regulatory fee that was due on October 1.