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The Japanese firm GCM has agreed to invest US$500 million in the first phase of Imperial Pacific’s Integrated Resort on Saipan, the company says.
Imperial Pacific International announced on Tuesday that it expects to “partially” open its casino resort by September 30.
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 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 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 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.
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.
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