Imperial Pacific facing permanent closure as finances run dry
Embattled casino operator Imperial Pacific International (IPI) has warned it will have to permanently close its Saipan resort, Imperial Palace‧Saipan, due to lack of finances if it is forced to pay a recent US$5.65 million judgement against it to former...
Read more
Imperial Pacific ordered to pay US$5.6 million to former Saipan IR contractor
Imperial Pacific International has been ordered to pay US$5.6 million to its former contractor, Pacific Rim Land Development LLC, by the Federal Court for breaching a promissory note. The civil ruling was handed down on Monday after the District Court...
Imperial Pacific cites need for leaner operations as CFO departs
Imperial Pacific International (IPI) says it has been forced to operate a “leaner finance department” to help it through the COVID-19 pandemic after revealing the departure of Chief Financial Officer Ed Chen. With casino operations temporarily suspended as of 17...
Saipan considers lifting poker machine moratorium to combat declining revenue contributions from Imperial Pacific
Saipan lawmakers are considering lifting a moratorium on new poker machine licenses in order to claw back some of the dwindling tax and licensing revenues contributed by local IR operator Imperial Pacific International (IPI). According to House Floor Leader John...
Imperial Pacific opens seven new VIP villas
Imperial Pacific International (IPI) has announced the long-awaited completion of six VIP villas and a stand-alone two-story presidential villa on the east wing of its Saipan IR, Imperial Palace‧Saipan. Originally due to open by 30 September 2019, IPI unveiled the...
Imperial Pacific Chairman makes second attempt to offload shares
Imperial Pacific International (IPI) Chairman and Executive Director Cui Li Jie has reached an agreement to offload a 4.9% stake in the company – the second time in less than six months its major shareholder has looked to sell off...
Imperial Pacific summonsed to grand jury as authorities investigate dealings with CNMI Governor
Saipan casino operator Imperial Pacific International (IPI) has been summonsed to testify before a grand jury in January and ordered to supply all communications between any of its owners, executive or employees and Governor Ralph Torres. The summons, received by...
FBI agents raid offices of Saipan Governor and Imperial Pacific
FBI agents have raided the office and home of the governor of Saipan, along with various offices linked with Imperial Pacific International (IPI), as part of a major operation that saw multiple search warrants executed island-wide on Thursday. According to...
