Scientific Game

Imperial Pacific sues Bloomberg over Saipan reports

Monday, 11 June 2018 07:02
Share
Visit us

Imperial Pacific International (IPI) has launched legal action in Hong Kong against media giant Bloomberg and two of its reporters over a series of articles that have been highly critical of the company’s operations in Saipan.

According to a report by local newspaper Marianas Variety, the High Court of Hong Kong SAR’s Court of First Instance has issued a writ of summons to Bloomberg, which has been named as first defendant in the lawsuit.

Reporters Matthew Campbell and K Oanh Ha have been named second and third defendants respectively.

IPI was the focus of a damning expose by Bloomberg in February in which the news outlet claimed the casino operator had influenced local officials in securing a casino license and building its US$650 million Imperial Pacific Resort in Saipan.

Bloomberg also claimed in a separate article that IPI’s offices has been raided by the FBI, a claim that IPI has denied.

IPI announced in April that it would ask for an extension of the August deadline for completion of Imperial Pacific Resort due to construction delays.

Under its current Casino License Agreement with the Commonwealth Casino Commission (CCC), the company must complete a minimum of 329 hotel rooms, 14,140 square meters of gaming area and various other non-gaming elements by 31 August.

What's new

Cebu City to move forward with casino resort plan

Cebu City to move forward with casino resort plan A Cebu City government official told local media on Monday that a proposed Php18 billion (US$356 million) integrated resort would proceed with its upcoming ground-breaking ceremony this Saturday in defiance of President Rodrigo Duterte’s apparent ban on new casinos. The IR, to be built on Kawit I... Tuesday, 21 August 2018 06:08

Success Universe issues positive profit alert

Success Universe issues positive profit alert Macau casino investor Success Universe has issued a positive profit alert ahead of its 1H18 results announcement next week. The group said late Monday that it expects to record an unaudited consolidated profit for the six months to 30 June compared with a loss for the same period last year. The pro... Tuesday, 21 August 2018 05:49

Another key departure as Cai Lingli steps down from Imperial Pacific board

Another key departure as Cai Lingli steps down from Imperial Pacific board Imperial Pacific International (IPI) has lost its second key board member in the space of a week with Cai Lingli – a relative of majority owner Cui Li Jie – stepping down as a director of the company and chairperson of the executive committee. Her departure comes just seven days after Marco Te... Tuesday, 21 August 2018 05:23

Melco Resorts confirms Studio City IPO plans in motion

Melco Resorts confirms Studio City IPO plans in motion Melco Resorts & Entertainment has confirmed that it is continuing preparations to launch an Initial Public Offering of shares in Studio City International Holdings – the holding company for its Studio City integrated resort in Macau. Updating the company’s intentions almost exactly a year s... Tuesday, 21 August 2018 04:56

Current Issue

OZ VIP: A new dawn

OZ VIP: A new dawn It has taken just 12 months for Australia’s VIP turnover to rebound following the arrests of 19 Crown Resorts employees in China in October 2016, but the balance of power between Australian operators has shifted dramatically in the process. By Ben Blaschke   Just 12 months after the release of... Sunday, 29 July 2018 22:32

Waiting for Garapan

Waiting for Garapan Imperial Pacific says it will miss another deadline for completing its Saipan casino hotel, and there’s no consensus on a completion date. Meanwhile, VIP roll and trade receivable numbers soar. By Muhammad Cohen   Imperial Pacific International continues to excel at manythings. Its monopoly ca... Sunday, 29 July 2018 22:27

License to thrill: How casino re-tendering will shape Macau’s future

License to thrill: How casino re-tendering will shape Macau’s future Professor Glenn McCartney takes a look at the impending Macau casino re-tendering process and why the government’s criteria for issuing licenses will shape the city’s tourism future. By Professor Glenn McCartney   Macau’s casino concession and sub-concession contracts will all end in a few... Sunday, 29 July 2018 22:21

Making live online gaming a reality

Making live online gaming a reality Latency has long been the ultimate challenge for online gaming operators in their quest to provide a quality product, but a new open framework technology could prove to be a game-changer. By Jaheer Abbas | Senior Director, SEA & India at Limelight Networks   It’s hard to imagine that onlin... Sunday, 29 July 2018 22:09