Imperial Pacific records US$367 million loss in 2020 on near zero revenue
Embattled Saipan casino investor Imperial Pacific International has reported a loss of HK$2.85 billion (US$367 million) for the year ended 31 December 2020, impacted by the closure of Imperial Palace • Saipan since March. The absence of gaming operations through...
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Imperial Pacific granted second extension to receivership deadline
Embattled casino operator Imperial Pacific International (CNMI) LLC has been granted an additional four days to avoid being placed into receivership by either reaching an agreement with the US Department of Labor or pay all money owed under a consent...
Imperial Pacific granted one week stay on threat of receivership
The US District Court for the Northern Mariana Islands has granted Imperial Pacific International (CNMI) LLC and its owners a one week reprieve on a court order that would see the company placed into receivership if they do not comply...
US court officially appoints receiver, sets terms of receivership as payment deadline looms for Imperial Pacific
The US District Court of the Northern Mariana Islands has officially appointed a receiver and set the terms of receivership ahead of Friday afternoon’s deadline for Imperial Pacific International (CNMI) LLC and its owners to comply with a consent judgement....
Imperial Pacific given Friday deadline to pay debt or be placed into receivership
The US District Court of the Northern Mariana Islands has given Imperial Pacific International (CNMI) LLC a deadline of 1.30pm this Friday 12 March 2021 to pay the full US$1.2 million balance of a consent judgement or be placed into...
Imperial Pacific likely to have casino license suspended following admission of multiple violations
Imperial Pacific International (CNMI) LLC is facing probable suspension of its Saipan casino license after admitting to multiple violations of the CNMI Casino Control Act. According to a report by Saipan Tribune, IPI and the Commonwealth Casino Commission reached an...
CNMI looking to avoid China’s blacklist of overseas casino destinations
The Commonwealth Casino Commission (CCC) of the Northern Mariana Islands is looking to expand its regulatory oversight in an effort to avoid inclusion on a Chinese blacklist of overseas tourist destinations targeting mainland customers. China’s Ministry of Culture and Tourism...
Construction deadline looming large as Imperial Pacific again ordered to stop work on Saipan casino hotel project
Imperial Pacific has been ordered to stop all work on its Saipan casino and hotel project, Imperial Palace · Saipan, for at least one week after a District Court judge found the company and its Chairwoman Cui Li Jie in...
