Tag Archives: saipan
- Imperial Pacific facing new casino gaming revenue tax plan
October 12, 2017
Saipan casino operator Imperial Pacific Holdings International (IPI) is once again facing threats from local politicians about gaming revenue taxes. On Tuesday, Representative Edwin Propst gave an address to the Rotary Club of Saipan in which he announced plans to launch an initiative petition that would impose a new 10%...
- Saipan governor defends commonwealth’s casino revenue reliance
September 29, 2017
Gov. Ralph Torres has defended the Commonwealth of Northern Marianas Islands’ (CNMI) reliance on the casino industry as its primary cash cow. Torres came under fire as critics demand the governor to look for other means to improve CNMI’s revenue, according to the Saipan Tribune. But the governor shrugged off...
- ‘Stinky’ Imperial Pacific sewage issue reaches Senate
September 25, 2017
The stinking news of alleged sewage overflows inside the casino of Imperial Pacific International (IPI) has found its way right under the noses of Saipan legislators. Saipan Tribune reported that members of the Senate Gaming Committee had expressed alarm over reports that Imperial Pacific Resort is facing a sewage overflow...
- Imperial Pacific impairment balloons to $266M in H1
September 18, 2017
The impairment of trade receivables of Saipan casino operator Imperial Pacific International Holding that are due to customers widened by 38 percent in the first half of the year. In a filing before the Hong Kong Stock Exchange, Imperial Pacific announced that the company’s impairment of trade receivables grew to...
- Imperial Pacific writes off $268m in bad VIP debts in H1 2017
August 28, 2017
Saipan casino operator Imperial Pacific Holdings International (IPI) saw its revenue more than double in the first half of 2017 but rising expenses – including a steep hike in bad VIP gambling debts – kept a tighter leash on profits. A filing with the Hong Kong Stock Exchange on Monday...
- Saipan senate committee seeks Imperial Pacific financial info
August 24, 2017
Commonwealth of the Northern Mariana Islands (CNMI) gaming officials want to take a closer look at the financial aspects of casino operator Imperial Pacific International Holdings (IPI). On Wednesday, the Marianas Variety reported that members of the Senate Committee on Gaming plan to conduct a tour of IPI’s new Imperial...
FBI raids offices of Saipan casino operator Imperial Pacific
March 31, 2017
Imperial Pacific concerned after construction worker’s death
March 22, 2017