Home Pacific Islands

Pacific Islands

Imperial Pacific Resumes Casino Operations after Two-Day Closure

Imperial Pacific International has resumed the operation of its Saipan casino on Sunday, November 18, after a two-day closure, according to a company announcement.

Imperial Pacific Temporarily Shuts Casino Amidst Island Tourism Slump

Imperial Pacific International will be temporarily shutting down its casino operations on Saipan “until further notice,” with the operator blaming a slump in tourism and damage caused by Super Typhoon Yutu.

Imperial Pacific CEO Steps Down After Less Than a Year

Imperial Pacific International, which has been pushing to promote its brand in Japan, faced another setback with the loss of its Chairman and CEO Harry Cheang after less than a year on the job.

Imperial Pacific Gets Three Year Extension for Initial Gaming Facility

Imperial Pacific International has been given an extension for completion of its initial gaming facility in Saipan to no later than February 28, 2021, according to a filing from the operator.

Imperial Pacific Asks for Extension to December 2020

The Commonwealth of the Northern Mariana Islands’ Development Plan Advisory Committee has recommended extending the deadline for Imperial Pacific International to complete construction of its Saipan hotel-casino to December 2020, local media reports.

Imperial Pacific Hit by Salary Payment Problems

Imperial Pacific International, which has been trying to woo Japanese visitors to its Saipan IR, says it has had issues transferring funds to pay workers for the August payroll period.

Japanese Investor Eyes Casino in the Marianas Islands

A Japanese investor is reportedly making moves in the Marianas islands, with eyes on a casino on Rota, said Saipan Mayor David M. Apatang.

Imperial Pacific Sues Clients to Recover Debts

Imperial Pacific International has filed 13 more lawsuits in an effort to recover US$12.75 million in debts from Hong Kong and Chinese players in its Saipan casino, local media reports.

Chinese Interest in Mariana Islands a Threat to US Security

A ramp up of Chinese interest in the Commonwealth of the Northern Mariana Islands has caused concern amongst US security officials who see the island as a “strategic asset” for the US military.

Imperial Pacific Sues Bad-Debt High Roller

A Chinese high-roller who has failed to pay back US$5 million he borrowed from Imperial Pacific International is being sued by the company in the CNMI Superior Court

Trending Articles

Elaine Wynn Attempts to Stop Re-Election of Legacy Directors

In her latest attempt to ‘freshen up’ the Wynn Resorts board, co-founder and majority shareholder Elaine Wynn is seeking support from shareholders to stop the re-election of one of its long-standing directors, John J. Hagenbuch.

Kangwon Land Profit Falls 30 Percent in 2018Q1

Kangwon Land, South Korea’s only casino that allows Korean nationals to enter, reported a 30.3 percent decrease in profit for the first quarter of 2018.

Dynam Sees Rising Profits in FY2017

Pachinko hall operator Dynam reported a 13.3 percent increase in its profits before tax as compared to the previous year.

Maruhan Suffers 7.6% Revenue Decline in FY2017

Maruhan, operator of the second-largest number of pachinko halls and number one in terms of sales, suffered a 7.6% decline in overall revenues in FY2017, extending a decline that has continued for several years.

IR Bill Expected to Pass House of Representatives on June 14

According to Japanese media reports, the ruling party intends to pass the IR Implementation Bill thorough the Cabinet Committee on June 13 and through a plenary session of the House of Representatives on the following day, June 14.