Calls for 10% gaming tax renewed as report reveals Imperial Pacific tax payments of just US$21,000 in 2019
Imperial Pacific International (IPI) is facing a renewed push by government officials to be charged an annual tax on gaming revenues after it was revealed the Saipan casino operator has paid only US$21,000 in business gross revenue tax (BGRT) since...
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Imperial Pacific adds to Board of Directors as regulator looks to impose US$375,000 fine for late license fee payment
Imperial Pacific International has strengthened its board with the appointment of Mr Ma Wentao as a non-executive director. The 34-year-old already has ties to the company in his role as a director of American Sinopan LLC, the operator of Saipan’s...
Imperial Pacific pays remaining US$10.5 million balance on annual license fee
The Commonwealth Casino Commission (CCC) has withdrawn a complaint against Imperial Pacific International (IPI) after the Saipan integrated resort operator paid the outstanding US$10.5 million balance owing on its annual casino license fee. The regulator issued the original complaint last...
Complaint filed against Imperial Pacific for failure to pay US$15 million annual license fee
The casino regulatory body of the Commonwealth of the Northern Mariana Islands, the Commonwealth Casino Commission (CCC), has issued a complaint against Imperial Pacific International for failing to pay its US$15 million annual license fee. Despite being informed by IPI...
Landing International, Imperial Pacific issue profit warnings ahead of expected 1H19 losses
Two of Asia’s burgeoning integrated resort operators have issued profit warnings ahead of the release of their 1H19 financial results, with both expecting to record a loss for the period. Landing International Development Ltd, which operates Korea’s Jeju Shinhwa World,...
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US District Court rules against Imperial Pacific in dispute over release of financial information
Imperial Pacific International (IPI) has announced it will appeal a decision by the US District Court this week denying a petition by IPI and two subsidiaries for a preliminary injunction to prevent the release of its audited statement. The case...
Imperial Pacific to open six VIP villas by 30 September, hotel on track for December completion
Imperial Pacific International says it will open the first six of 15 VIP suites or villas at its Imperial Palace‧Saipan integrated resort by 30 September, with Phase 1 of the project, the hotel, expected to open by the end of...
Imperial Pacific to include partner’s new 1,700-room development under mandatory Saipan room count
Imperial Pacific International is planning to include up to 1,700 hotel rooms being developed in Saipan by American Sinopan LLC under its room count requirement. Chairman of the Commonwealth Casino Commission, Juan M. Sablan, hinted that IPI would be legally...
