Starting out in the food business under the name First Natural Foods, this Hong Kong-based company began shifting to the gaming industry in 2013, changing its name to Imperial Pacific International the following year. Best Sunshine, a subsidiary of Imperial Pacific, develops and operates casinos, hotels, and restaurants in the Commonwealth of the Northern Mariana Islands. In 2014, it gained a license to build and operate a casino on Saipan. This development is called the Imperial Pacific Resort.
Family Name: Brown Given Name: Mark Role: Chairman Profile: Brown began his four decades in the gaming industry as a protege of Donald Trump, rising to become President and Chief Executive Officer of Trump Entertainment Resorts. He had later stints as an executive for Sands, Wynn, and NagaWorld before joining Imperial Pacific as its Chairman in 2014. He retired from that position in 2017, but was brought back out of retirement in November 2018 to help the company weather a series of major challenges.
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 International may be facing a fine of US$375,000 for late payment of its casino license renewal fee, according to local media reports.
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 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 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.
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 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.
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 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 International, which operates Saipan’s only casino, said it expects to post a loss for 2018 due to falling revenue and rising trade receivables.
Saipan’s Imperial Pacific Resort Hotel has become part of the Asian Tour circuit of the All Japan Poker Championship (AJPC), with the poker event set for February 13 to 17, 2019.
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.
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.
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.
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.
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
Bloomberg and two of its reporters are being sued in a Hong Kong court by Imperial Pacific International for defamation, Marianas Variety reports.
Imperial Pacific International (IPI) needs to boost the percentage of US workers in its labor pool to 65 percent from 44 percent at present to meet the conditions of its casino license, local media reports.
Lu Tsai, senior vice-president of operations and improvement for Imperial Pacific in Saipan, met with Asia Gaming Brief on the sidelines on the Japan Gaming Congress on Thursday to discuss his company's efforts to build brand awareness within the Japanese market, an effort which he is now in the process of launching.
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.