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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

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Fitch Asia Markets

Fitch Pegs Japan IR Revenues at US$6 Billion

Fitch Ratings has estimated that the first round of IR construction in Japan will create revenues in the US$6 billion range, much smaller than, for example, the Morgan Stanley report of April 11 which foresaw a US$15 billion Japanese IR market developing by 2025.

Casino Entry Fee Remains Point of Contention

Japan’s proposed anti-addiction measures are viewed as generally “well-balanced,” though a lowering of the casino entry fee should be considered, said experts at the Japan Gaming Congress on Friday.

Hong Kong Jockey Club Warns about Illegal Betting

Illegal gambling is growing twice as fast as wagering and about US$140 billion is laundered annually though illegal markets, local media reports.

Laguna Lăng Cô Receives Casino License, Expects 2022 Opening

The Laguna Lăng Cô integrated resort is expected to open its new casino in 2022, after receiving the country’s first casino license in ten years.

Shares in South Korea’s Casino Operators Rally Ahead of Summit

Shares in South Korea’s casino operators rallied on Tuesday ahead of a summit between US President Donald Trump and North Korea’s Kim Jong-Un on hopes for greater cross border cooperation, including a potential casino project.