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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.

Imperial Pacific Swings to Loss in 2018

Imperial Pacific International posted a significant loss for the year ended December 31, 2018, blaming the results on falling revenue, rising impairment losses of trade receivables, and increased expenses in the year.

Imperial Pacific Sees 2018 Loss on Lower Revenue

Imperial Pacific International, which operates Saipan’s only casino, said it expects to post a loss for 2018 due to falling revenue and rising trade receivables.

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.

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Privacy Important Issue When Policing Casino Worker Entry Ban

Privacy will be a significant hurdle to overcome for operators in enforcing the new casino worker entry ban, says MGM CEO Grant Bowie, TDM News reports.

Global Casinos Not Attracting Japan Tourists

Asia’s glitzy IRs and casinos around the world are not attracting large numbers of Japanese tourists, despite their propensity to gamble in pachinko parlors at home, operators on a panel at the World Gaming Executive Summit in Barcelona said.

The Road Ahead for Japanese IRs

With the passage of the IR Implementation Act on Friday evening, attention will soon begin to turn to the steps ahead.

Cafe de Paris Opens in Galaxy Macau

Galaxy Entertainment is building on its relationship with Monaco casino company Societe des Bains de Mer to bring a French bistro brand to its Galaxy Macau resort, building on Macau’s culinary repertoire.

Tourism Dramatically Expanding to Nagasaki’s Goto Islands

The Goto Islands in Nagasaki Prefecture are witnessing a dramatic growth in tourist numbers this year as travel agencies put a new focus on tourism to remote Japanese islands.