IAG FEBRUARY 2017 web - page 10

inside
asiangaming
February2017
10
Cover Story
TheSixBillion
DollarMonth?
Since commencing VIP operations in November 2015,
Imperial Pacific International’s Best Sunshine Live casino has
reported roll numbers that for many seem too good to be true. Its
secondand thirdquarter roll beat that ofMacau casinoswithdozens
more tables, includng Venetian Macao. To finish 2016, IPI outdid
By
MuhammadCohen
“Theauthoritiesposing the
greatestdanger to Imperial
Pacific Internationalmaynot
beAmericanbutChinese…
IPI’srelianceonhighrollers
puts itona collision course
withBeijing.”
the current affairs of our company.” Calling the unspecified
allegations “false,” the statement declared the Saipan project,
“ïs based upon a cooperation agreement between the company
and local government and is fully protected by the laws.”
The December 30 statement also said that company directors
and lawyers, “have made serious consideration inmatters about
raising funds through other channels” and in January filed for
a new bond issue of at least US$60 million at 8.5% interest to
complete a “soft opening” of Imperial Pacific resort, meaning it
would open the casino, while looking for additional funding to
complete the hotel.
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