Tuesday, July 16, 2024

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Embattled Imperial Pacific to delist from HKEX on June 17th

Saipan casino operator Imperial Pacific International will have its listing on the Hong Kong Stock Exchange officially canceled on June 17th at 9am.

Gaming oversight body to discuss Imperial Pacific bankruptcy request and Tinian online gaming license bill

The Commonwealth Casino Commission is scheduled to discuss updates on Imperial Pacific International Chapter 11 bankruptcy petition and a proposal to grant internet gaming licenses on Tinian for up to 20 years, during their meeting on Thursday.

Creditors move to dismiss Imperial Pacific’s bankruptcy petition

Creditors move to discredit Imperial Pacific's appeal for bankruptcy, with over $160 million in debts in question.

Imperial Pacific needs $150M to complete Garapan IR

Imperial Pacific International (CNMI) LLC's director/general manager Howyo Chi recently revealed that completing the casino/resort building in Garapan will require an estimated $150 million investment from IPI.

Saipan casino watchdog delays Imperial Pacific license revocation decision

The Saipan Commonwealth Casino Commission (CCC) board has deferred its decision on whether to revoke Imperial Pacific International's exclusive gaming license in light of the company's Chapter 11 bankruptcy filing.

Imperial Pacific International files for bankruptcy

Imperial Pacific International (CNMI) LLC, facing mounting financial pressure, has sought refuge in Chapter 11 bankruptcy protection, halting negotiations with the Commonwealth Casino Commission (CCC).

HK High Court orders winding up of Imperial Pacific, liquidator appointed

The final death knell for Imperial Pacific International appears to have been rung, as Hong Kong’s High Court ordered the company to be wound up and appointed a provisional liquidator.

Imperial Pacific agrees with $24M settlement in 2024

Commonwealth Casino Commission (CCC) executive director Andrew Yeom revealed under the draft stipulation agreement, Imperial Pacific International (IPI) will pay a total of $24 million in 2024.

Imperial Pacific gaming license decision delayed to April 22nd

After lengthy discussions, the Commonwealth Casino Commission (CCC) has set April 22nd as the final deadline for its executive director and Imperial Pacific International (IPI) to reach a settlement agreement.

Imperial Pacific International challenges delisting decision

The Saipan casino operator Imperial Pacific International (IPI) has decided to proceed with Judicial Review (JR) Proceedings against the delisting decision made by the...