Thursday, October 22, 2020
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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

Caesars Revs Up Japan IR Campaign

As Caesars Entertainment president and CEO Mark Frissora tours Japan this week, company executives are meeting with local officials and the media, as well as announcing a whole host of new developments that clearly puts Caesars among the front rank of international IR operators seeking a license in Japan.

Domestic Market Not To Be Ignored

Creating a uniquely Japanese IR product is essential for success in the market, but operators must not ignore the needs of the domestic market, which will be an equally important component of visitation, said a panel of experts.

Opposition Leader Ready for General Election to Stop IR Bill

Yukio Edano, leader of the Constitutional Democratic Party of Japan and the top opposition leader in the nation, stated at a party meeting last Thursday that he was prepared to submit a motion of “no confidence” against the Abe Cabinet and, if necessary, to fight a snap general election in order to prevent passage of the IR Implementation Bill.

Hard Rock Gets Nod for Spanish IR

Hard Rock International has won the license to build a 2 billion euro (US$2.3 billion) IR near Tarragona in eastern Spain.

Bernstein: Regulatory Risks On The Rise

The recent crackdown on UnionPay terminals along with a wider threat of increased capital controls will likely weigh on sentiment, noted Bernstein on Thursday.