Imperial Pacific International has laid off more than 100 of its casino workers at its property on Saipan.
The struggling company said it did not expect U.S. immigration authorities to grant a requested extension to their work permits. The workers are from the Philippines, Malaysia and Vietnam.
In related news, IPI said it will be repatriating around 200 CNMI-Only Transitional Worker employees who are on the non-construction side starting from June, according to IPI interim chief executive officer Ray N. Yumul.
Imperial Pacific is facing multiple lawsuits and has struggled to complete its long-delayed project. The company’s casino license has been suspended indefinitely.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.