Home Pacific Islands

Pacific Islands

US Federal Government Sues Imperial Pacific Over Harassment Charges

Imperial Pacific is being sued by the US Equal Employment Opportunity Commission on allegations of sexual and verbal harassment by the company’s high roller clients.

Saipan Mulls More Junkets

The Commonwealth Casino Commission (CCC) in the Commonwealth of Northern Mariana Islands will discuss an application for four new junket operators today, together with a contract extension for Imperial Pacific International’s chairman.

Imperial Pacific Faces US$375,000 Fine for Late Fee Payment

Imperial Pacific International may be facing a fine of US$375,000 for late payment of its casino license renewal fee, according to local media reports.

Imperial Pacific Pays License Fee, But Financial Woes Continue

It has been confirmed that Imperial Pacific International has now paid the remaining US$10.5 million which it owed to the Commonwealth Casino Commission (CCC) in license fees, but the company is reporting financial losses in the first half of 2019.

Imperial Pacific in Trouble Over Casino License Payment

Imperial Pacific International is in hot water with the Saipan government for paying only a third of its US$15 million annual casino license renewal fee, which was due on August 12, 2019.

Imperial Pacific Acquires 50% Stake in Saipan Resort Developer

Imperial Pacific International has announced it has entered into a sale and purchase agreement to acquire a 50% stake in American Sinopan, a company developing two pieces of land in Saipan.

Saipan Bill Proposes 10% Net Revenue Gambling Tax

A local member of parliament has introduced a bill that would impose a 10% tax on net gambling revenue, while House Gaming Committee Chairman Ralph Yumul has drafted another that would prevent local IR operator Imperial Pacific from writing off unpaid credit from its tax obligations.

Imperial Pacific Interested in Online Gaming

Imperial Pacific International would be interested in online gaming in Saipan if the Commonwealth of Northern Mariana Islands passes a bill to legalize the practice, local media reports.

Japan’s GCM Agrees US$500 Million Investment in Imperial Pacific

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 Expects Partial Resort Opening in September

Imperial Pacific International announced on Tuesday that it expects to “partially” open its casino resort by September 30.

Trending Articles

Hard Rock to Open Tomakomai Office

Hard Rock Japan is preparing to open an office in Tomakomai, Hokkaido, in August or September, a further signal that the Orlando, Florida, based operator is focusing its IR efforts on this regional city.

Foreign Tourists May Also Face Gambling Profits Tax

Some foreign tourists who win at casino games at Japanese IRs may be hit with an income tax bill before they leave the country, according to a report in the Asahi Shinbun.

House of Councillors to Begin IR Bill Deliberations

The controversial IR Implementation Bill is set to begin its final stage toward enactment on Friday with deliberations launching in a plenary session of the House of Councillors.

Morgan Stanley Releases Bearish Note on Japan IRs

On Friday, the multinational investment bank and financial services company Morgan Stanley released a research note that suggested a degree of disappointment about the financial terms of the IR Implementation Act.

Osaka Governor Matsui Wants to Select IR Operator Within a Year

Just as he did with the IR Implementation Act, Osaka Governor Ichiro Matsui is once again pushing the national government to speed up its deliberations and to move with greater alacrity. He says that Osaka wants to tentatively select its operator partner within a year with an eye to opening the Yumeshima IR by 2024.