Home Pacific Islands
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.
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.
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.