Scientific Game

2017 Inside Asian Gaming Power 50: Number 29 - Ji Xiaobo

Tuesday, 05 December 2017 13:14
Visit us

29 Ji Xiaobo

Imperial Pacific International Holdings



• Described by colleagues as “mastermind” of Imperial Pacific International casino resort in Saipan
• Soft opened permanent casino in July; hotel and more to come

With three CEOs this year, Imperial Pacific International (IPI) is decidedly under the control of Ji Xiaobo, the former Heng Sheng junket executive listed as its US$1 million a year project manager in Saipan, center of the Commonwealth of Northern Marianas Islands, a US Pacific territory with visa-free entry for mainland Chinese. Mainland born Mr Ji and his mother hold most of Hong Kong listed IPI’s equity.

Imperial Pacific’s casino soft opened in July. It has 30 VIP and 46 mass tables, 184 machines, a restaurant and lounge, with 340 oceanfront guest rooms to come.

Mark Brown, who rose from dealer to President of Trump Casinos before opening Venetian Macao, got IPI on track, securing the hotel site, opening a temporary “training” casino and producing astronomic VIP roll – US$6 billion on 16 tables reported last December – but he couldn’t finish financing the hotel. He moved from Saipan CEO to Chairman in January. His successor, old school Macau executive Kwong Yiu-ling, ceded after the soft opening to Henry Cheang.

Roll reports have since stopped and IPI’s situation remains murky. It reported first half revenue of HK$7.3 billion (US$938 million) – 97% from VIP gaming – and HK$8.1 billion in outstanding customer debt.

To return to the full list of 2017 Asian Gaming Power 50 winners, click here.

What's new

Okada Manila delays, Wynn Resorts litigation lead to Universal profit slump

Okada Manila delays, Wynn Resorts litigation lead to Universal profit slump Japan’s Universal Entertainment Corporation has recorded a net loss of ¥13.43 billion (US$125.4 million) for the nine months to 31 December 2017, a significant decline from its previously announced forecast due to construction expenses at Okada Manila, sluggish pachinko and pachislot sales and on... Thursday, 15 February 2018 06:48

Kenneth Rosevear retires from MGM China board

Kenneth Rosevear retires from MGM China board MGM China has announced the resignation of Kenneth Rosevear as a non-Executive Director. Rosevear steps down from the role just a day after the launch of the company’s new Macau integrated resort, MGM Cotai, which opened with a lavish ceremony on Tuesday. MGM said that Rosevear’s departure was... Thursday, 15 February 2018 06:47

Parisian Macao hits five billion social media impressions

Parisian Macao hits five billion social media impressions Sands China’s newest Macau integrated resort, The Parisian Macao, has attracted more than five billion impressions since opening in September 2016. The milestone was revealed by Chairman and CEO Sheldon Adelson in a filing to the Hong Kong Stock Exchange overnight outlining Sands China’s finan... Thursday, 15 February 2018 06:27

Sega Sammy shares sale sees shuffle of stakeholders

Sega Sammy shares sale sees shuffle of stakeholders Sega Sammy Holdings Inc’s Chairman, CEO and largest shareholder, Hajime Satomi, has sold off 74% of his stake in the company to an asset management firm controlled by he and his family. The sale of 23,558,000 shares to HS Company represents 10.12% of Sega Sammy’s issued share capital and has re... Thursday, 15 February 2018 06:02

Current Issue

Design For Profit

Design For Profit Architect Paul Steelman provides his insights into designing the most expensive privately funded buildings on earth and making and breaking trends. By Muhammad Cohen | Editor-at-Large EMINENT casino architect Paul Steelman helped create the Asian gaming boom with the groundbreaking design of Sands... Monday, 29 January 2018 15:11

Climbing the mountain

Climbing the mountain   ASX-listed Silver Heritage Group finally launched hotel and casino operations at its new Tiger Palace Resort Bhairahawa in late 2017, having survived the 2015 earthquake, a fuel blockade on the Nepal-India border and an AU$19 million (US$14.4 million) funding shortage as a result of the delays. ... Monday, 29 January 2018 15:07

Can sportsbooks survive a 1% tax on handle?

Can sportsbooks survive a 1% tax on handle?   The big news coming out of the United States this year is the likely striking down of the federal ban on sports betting. But with many states licking their lips in anticipation of added tax dollars, the sports betting industry may well have another crippling fight on its hands. THE US Supreme C... Monday, 29 January 2018 15:05

Herman Ng:Macau Pioneer

Herman Ng:Macau Pioneer Inside Asian Gaming discovers a bit more about Herman Ng, CEO and Executive Director of Macau-based slot machine services firm Asia Pioneer Entertainment (APE). Ben Blaschke: Can you start by telling us a bit about yourself and your background? Herman Ng: I grew up in Macau and then when I was 16 ... Monday, 29 January 2018 14:52