Funny. IMPERIAL Pacific International LLC has asked the federal court to dismiss with prejudice the lawsuit filed by Kan Pacific Saipan against the casino investor. He noted that the CNMI Supreme Court’s ruling recognized the applicability of a force majeure defense of IPI’s obligation to pay its annual license fees. The 14-storey hotel building will offer. Sunrise is at 6:22am and sunset is at 5:43pm. Saipan, MP 96950 Mailing Address: PO Box 500231 Saipan, MP. DeLeon Guerrero, the Commonwealth Casino Commission (CCC) board chair, has revealed that a potential investor has expressed a willingness to invest in completing Imperial Pacific. The company is scheduled to pay a further $15. Equal Employment Opportunity Commission, has canceled a scheduled travel to Saipan for a conference in connection with the agency’s sexual harassment and sex discrimination lawsuit against Imperial Pacific International (CNMI) LLC and Imperial Pacific International Holdings Limited. It had failed to pay the annual $15. - Edward C. Xu was a senior executive for IPI and Shi was a project supervisor for MCC International Saipan Ltd. com. By Bryan Manabat. USA Fanter Corp. Edwin K. 3, Clear Management asked the court to. It was originally scheduled for March and then earlier this month. Filed in the District Court of the NMI, the complaint is a civil forfeiture action and did not provide the name of any defendant, but referred. It was reportedly going to. in its breach. On top of that there are multiple lawsuits outstanding from. 1-million regulatory fee in October 2020. This time it has referred to its right to arbitration regarding the continuing dispute between the company and the CCC, which has been struggling to revoke the Hong Kong-based firm’s. , the court-designated receiver, intends to sell over 6,000 bottles of Imperial Pacific International’s cognac, Scotch, whiskey, gin, vodka, rum and. On Sept. VIEWS. District Court for the NMI to grant them a limited receivership against Imperial Pacific International (CNMI) LLC, this time for the sale of its vehicles and heavy equipment. According to the indictment, the license agreement imposed deadlines for completing various phases of the project; failure to meet those deadlines would result in monetary penalties. 52 in damages. Tower crane No. According to Demapan, the commission submitted a letter to former Gov. IPI’s license was suspended in May 2021 and the company given six months to pay both the US$15. Rongkun Xiao, a US citizen who resides on Saipan, sued IPI through attorney Collin Thompson for wrongful termination. At the hearing, their attorney, Aaron Halegua, asked the court for an order pertaining to any last-minute objection from IPI. Tower crane No. Tower crane No. Century Estate, through attorney Matthew T. has a claim against IPI for breach of a 2016 settlement agreement in the amount of $4,490,000 plus attorney’s fees and costs. SAIPAN – The Commonwealth of the Northern Mariana Islands Department of Public Works on Thursday received the list of engineers of record, or EOR, from Imperial Pacific International, but theThe court verdict mandated that IPI pay the seven plaintiffs a combined $5. 79% of the company in order to raise funds for development of its. 31, 23 in your newspaper by A. Clear Management had been planning to run one auction per month for six months after taking a number of remote bids on IPI’s gaming equipment, with the auctions aimed at repaying some of the US$2. The defendants are further. IPI battles on in Saipan despite mounting legal woes, zero revenue. As for the plaintiff, the EEOC found “reasonable cause” to believe that IPI discriminated against him based on his national origin, but it was unable to successfully resolve the dispute through conciliation. 5, a copy of which was obtained by Saipan Tribune yesterday, acting DPW Building Safety official Yvonne B. Imperial Pacific International (CNMI) LLC paid the Commonwealth government a total of $46. Court of Appeals for the 9th Circuit has affirmed the decision by the. In response to Saipan Tribune ’s inquiry about IPI’s cranes, Chi disclosed yesterday that Ocean Bee LLC. Saipan Casino saga moves towards second attempt. She said she made the recommendation to IPI's top management if they can no longer afford the costs of their business on Saipan. 6 million penalty, along with a $15. Island of Saipan. 670-664-8300. The indictment alleges that these individuals committed criminal acts while holding executive positions with IPI and MCC International Saipan. LUXURIOUS: Imperial Pacific International completed the transfer of its live training facility to its hotel-resort in Garapan, Saipan, on Thursday. IPI failed to pay its annual $15. District Court for the NMI has granted the limited receivership request of three Imperial Pacific International (CNMI) LLC creditors who have outstanding judgments against the casino investor. “IPI…failed to deliver full payments of $249,287. The order, granted Thursday but expected to take effect from 10 May, follows five complaints filed recently by executive director Andrew Yeom against IPI for failure to. The World's Online Gaming Authority Since 1995. Kan Pacific Saipan or KPS, in its breach of contract complaint filed in October 2021, named IPI and several unnamed individuals as defendants. October 24, 2023. 9 million obtained for seven Chinese trafficking victims). The Psychodynamic Psychotherapy Program is the IPI's only advanced certificate program in individual adult psychotherapy which can be completed via distance learning. SAIPAN — Imperial Pacific International Holdings announced it has signed an agreement with independent companies to complete the construction of IPI's casino. org, the Imperial Palace Saipan has failed to pay its annual US$15. He said when Deleon Guerrero returns to Saipan, they will request a meeting with the gaming committee members of the 23rd Legislature. CCC suspended IPI’s casino license in May of last year because it failed to meet certain requirements in its license agreement. Imperial Pacific International (IPI) and the Commonwealth Casino Commission have said they are closing in on a settlement that may allow the casino to reopen, even. The U. Pictured are IPI majority shareholder Margaret. 00 on August 1, 2023, and $249,287 on September 1, 2023,” Song said. SAIPAN TRIBUNE. On Jan. IPI claims spending $1bn to date on the unfinished 344-room hotel. The defendants are further. Revenue from Imperial Pacific International’s Saipan casino has dwindled from $44 million last year to $41,000 in the first half of fiscal 2019, a local legislator reports. Post file photo. Ltd. SUPERSEDING INDICTMENT - 6 Case 1:18-cr-00008 Document 8 Filed 08/01/19 Page 6 of 17 It was 2015 when IPI opened a temporary casino in a duty-free shopping mall in Saipan. "IPI paid for and gave them. Saipan-based operator Imperial Pacific Holdings (IPI) said it has entered into an exclusive cooperation agreement with two third-parties that will generate annual revenue of $300 million and profit of $20 million. IPI thought it would open the casino this November, but it looks unlikely. 7. (Image: Pacific Island Times) IPI has spent the past. “At the starting phase of construction, [IPI] had one heavy equipment auger and two pile drive machines. IPI owes the Commonwealth $15. Many have worked overseas before, in many other countries throughout Europe, Africa, Asia, the Middle East. The casino designed for 193 tables and 365 machines partially opened in July 2017. On May 23, 2022, IPI requested a temporary restraining order against the commission from convening an enforcement hearing on May 24-25, 2022 that would revoke IPI’s exclusive casino license. Imperial Pacific International has a February 28 deadline to finish building the Imperial Pacific Resort but, as that date draws closer, it is now clear that IPI won’t be able to meet that deadline—a situation that Commonwealth Casino Commission Executive Director Andrew Yeom finds “alarming. On May 23, 2022, IPI requested a temporary restraining order against the commission from convening an enforcement hearing on May 24-25, 2022 that would revoke IPI’s exclusive casino license. A lawsuit was filed against Imperial Pacific International’s (IPI) Saipan casino last week over allegations that female VIP hostesses were subjected to continuous intimidation and harassment by. 8 FACTUAL BACKGROUND In 2019, a number of highly skilled and experienced Turkish electricians, carpenters, welders 9 and plumbers were recruited in Turkey by Defendant IDS to build IPI’s hotel-casino complex in 10 Garapan, Saipan. IPI, through attorney Joey San Nicolas. IH Group Chairman Kyunam Kim and other officials of his company toured the Imperial Pacific International's casino, the 15-room luxury villa, and the unfinished hotel tower in Garapan on Sunday. Imperial Pacific International (CNMI) LLC is proposing to pay $5 million a year for four years to the CNMI government for the casino license fee and $1 million per year for four. Cui also hopes that the CNMI lawmakers attending the ASEAN Gaming Summit in Manila will gain knowledge about the industry and work toward the reopening of Saipan’s casino industry. TIM Shepherd of Clear Management LLC, the court-designated receiver, told Variety that they will auction off over 6,000 bottles of Imperial Pacific International’s cognac, Scotch, whiskey, gin, vodka, rum and other spirits in early December. The majority owner of troubled Saipan casino, Imperial Palace‧Saipan, says she is still looking for an investor to help reopen the casino. IPI’s casino on Saipan has been closed since March 2020. Members of the CNMI House. 1. Many have worked overseas before, in many other countries throughout Europe, Africa, Asia, the Middle East. Coastal Resources Management. The company’s Saipan casino, Imperial Palace‧Saipan, has been closed since 17 March 2020 due to the. Local News. IPI, which reported a loss of US$367 million in 2020, recently filed an administrative request for the Superior Court in Saipan to conduct a judicial review into the indefinite suspension of its casino license by the Commonwealth Casino Commission. “This indicates defendant’s connection to persons of wealth, and defendant’s own social status amongst IPI. Imperial Pacific International (IPI), the embattled casino operator behind Saipan’s defunct Imperial Palace casino, can’t catch a break. In August 2014, the CNMI government granted IPI exclusive rights to build a large hotel and casino in Garapan, the primary business and tourism district on Saipan. It might continue, as one. Asked if an indictment will be filed, he said it is the grand jury that decides, “based on the information. They are made up of 83 electrical technicians, 102 steel workers, 12 riveters, 28 construction laborer, 155. Several community members gathered. They said IPI had nothing to do with Yang's travel to Saipan. Abonita has 18 years of experience in the casino industry and was recruited by IPI in 2015 to work in its casino on Saipan. District Court for the NMI has granted a default judgment in favor of. In June, IPI avoided losing its casino license in Saipan, the second-largest island of the Mariana Archipelago and part of the CNMI, after a judge of the US District Court of the Northern Mariana Islands issued a temporary restraining order to postpone with a month the CCC meeting aimed at revoking the license. On May 26, 2021, the court entered an amended judgment in favor of USA Fanter, and against IPI, in the amount of $2,089,345. Saipan-based Imperial Pacific International (IPI) is tipped to owe the CNMI government more than $100 million USD. Imperial Pacific International (IPI) continues to hold onto its monopoly of Saipan’s casino market through the Imperial Palace casino. S. Erediano/For The Guam Daily Post Facebook The judge issued a final judgment in favor of USA Fanter. 6 million in unpaid license fees and other obligations. In November 2018, then-governor Ralph DLG Torres signed House Local Bill 20-81, S1, D4, into Saipan Local Law 20-26, which appropriates $9. IH Group is planning to take over the operations of the casino and luxury villas of IPI’s Saipan casino, Imperial Palace · Saipan, and has promised to resume construction of the hotel tower with Chairman Kyunam Kim touring the property in recent days. IPI Remains Committed to Saipan IPI explained that an unidentified travel agency would underwrite 250 hotel rooms and 15 villas at Imperial Palace. 0. 30. Sep 25, 2017. . According to Saipan Tribune, Xing resubmitted IPI’s request to the CLC chairman on July 8. Imperial Pacific International (IPI), which operates the casino, has been involved in various controversies and almost lost its license on several occasions. It allegedly stopped making. com. Island of Saipan. 5 million license fee and a US$3. Recent announcements that Imperial Pacific International (IPI), operator of the Imperial Palace Saipan, has had its gaming license suspended and is now at risk of having its license revoked may soon bring to an end a story of one of the world’s most ambitious integrated resort projects. In his letter to Yumul last week, IPI Director How Yo Chi said the casino investor "recently learned" that a security deposit of $1 million was provided to DPW. THE Department of Public Works did not receive $1 million in construction security deposit from Imperial Pacific International, DPW Secretary Ray N. The local bill also stated, “By increasing the number of licenses from 1 to 5 while simultaneously requiring annual fees of not $15 million but $3 million, there will be less risk for all concerned. Gray moved to Saipan and began working for IPI in September 2015 as director of operations. or the CNMI. IPI failed to pay the judgment resulting in the federal court granting plaintiffs’ application for a writ of execution for the seizure of IPI’s personal property, including its casino gaming machines. Bryan Manabat/For The Guam Daily Post. House of Representatives floor leader Rep. The Court now enters this Memorandum Decision providing its reasons for granting the 6 motion. On Jan. U. Photo by Emmanuel T. S. Equal Employment Opportunity Commission, has canceled a scheduled travel to Saipan for a conference in connection with the agency’s sexual harassment and sex discrimination lawsuit against Imperial Pacific International (CNMI) LLC and Imperial Pacific International Holdings Limited. IPI said it recently signed a Memorandum of Understanding with the IH Group to provide. SAIPAN TRIBUNE. IH Group tours IPI hotel-casino, vows to help NMI economy. IPI has faced increasing difficulty in fulfilling its financial obligations in recent months, citing a lack of cash flow following the closure of its Saipan casino in March due to COVID-19. But in an interview on Wednesday, IPI Director How Yo Chi and majority shareholder Cui Lijie said IPI never invited Yang to Saipan. Announcing its FY21 financial results on Friday, which saw loss narrowed from HK$7. Last updated on: March 17, 2022, 11:47h. SAIPAN – Ancestral remains that were found on the Imperial Pacific International Resort & Casino construction site were reburied at the site on Friday morning. Shuttered Imperial Palace Saipan Casino Resort Targeted by New Jersey Investors. She also required Best Sunshine/IPI to submit and post a security deposit in the amount of $100,000. IPI also stated: “Once the travel restrictions in Saipan are lifted, the casino in Imperial Palace Saipan shall resume operations and be opened to public. Yeom however said that the commission’s focus will be in resolving the problems brought on by its current licensee IPI. 5-million license fee in August. Imperial Pacific International (IPI), which still maintains casino exclusivity in Saipan through the defunct Imperial Palace, isn’t an honorable member of the industry. has 1 locations, listed below. IPI Holdings said its board "will use their best endeavors to take practicable and feasible actions to resolve the issue. 5 is seen atop the unfinished Imperial Pacific International (CNMI) LLC’s casino/resort building in Garapan in this file photo taken last May 24 when Typhoon Mawar was approaching the Marianas. Erediano/For The Guam Daily Post FacebookThe judge issued a final judgment in favor of USA Fanter. Flores said Yang is a citizen of the People’s Republic of China and does not have lawful immigration status in the U. For years, Imperial Pacific International (IPI) has been at loggerheads with the Commonwealth of Northern Mariana Islands (CNMI) over its casino exclusivity in Saipan. 20th Northern Marianas Commonwealth Legislature, Saipan 96950. The governor underscored the importance of taking down IPI’s tower crane No. Oct 5, 2023. " According to IPI Holdings, it has received "an indicative offer of a credit facility of US$100,000,000 (equivalent to HK$777,000,000), which is valid until 27 September 2023 from an independent financial institution. The company owes the CNMI almost $100 million in outstanding license fees and other payments. The U. FERDIE DE LA TORRE. A judge might finally be ready to stop giving the company the benefit of the doubt. Judge Manglona also granted IPI’s motion for a preliminary injunction against the casino commission. SAIPAN — Imperial Pacific International LLC attorney Michael Dotts has informed the. The longer IPI waits, the more expensive it will become because the deterioration of the tower cranes increases the risk in doing the job, Variety was told. imperialpac . It's making progress as it pays off some of The World's Online Gaming Authority Since 1995Aug 30, 2017. Location Of Saipan Island. The casino was shut down in March 2020 with the onset of the global. *This company may be headquartered in or have additional locations in another country. 670-664-8300. 23 hrs ago. (IPI) Holdings — has failed to pay its annual $15. Attorney’s Office for the Districts of Guam and the NMI seeks the forfeiture of funds seized from two Bank of Saipan accounts in 2019 for wire fraud and money laundering totaling $310,276. The receivership order of Oct. S. (Image: Macau Business ) IPI has several outstanding debts. • Kan Pacific Saipan Ltd. Impairments push Rank Group to FY loss despite land-based recovery. celebrates the 10th year of the Pacifica Art. His. District Court for the NMI to grant them a limited receivership against Imperial Pacific International (CNMI) LLC, this time for the sale of its vehicles and heavy equipment. The companies ask the Superior Court to hold IPI liable to pay them undetermined damages and court costs. Imperial Pacific International chief executive officer Ray Yumul says he expects the “day of reckoning” will arrive in March, as the Saipan regulator will decide on the proposed revocation of its exclusive casino license. "Hong Kong Company Ordered to Pay Chinese Workers $5. 0. OVER the past decade, Imperial Pacific International’s Saipan casino project has gashed a path of destruction across the Commonwealth of Northern Marianas. IPI removed tower crane number 6 in 2021. 5m licence fee and other fees. Receiver: IPI liquor to be auctioned in December. The company said in a statement to the Hong Kong Stock Exchange that Sino Travel Samoa has agreed to underwrite the leasing of 250. 1 million regulatory fee, as well as a US$6. 31. IPI won’t complete IPR. In February 2022. Revenue from Imperial Pacific International’s Saipan casino has dwindled from $44 million last year to $41,000 in the first half of fiscal 2019, a local legislator reports. S. It was founded with headquarters in Hong Kong and originally named First Natural Foods Holdings until it was renamed in May 2014. S. At the end of May, Joshua Gray, a former executive at Imperial Palace in Saipan, won a $5. Mar 19, 2020. He is suing IPI for wrongful termination. 8e as of Thursday afternoon. On Nov. Saipan has the ability to move past IPI to a brighter future. Nov 15, 2023. How-Yo Chi has been appointed as the new manager/director of IPI, according to a document received by the CNMI Department of Commerce last Oct. Added: 3 Nov 2015. Casino gaming equipment owned by Saipan casino operator Imperial Pacific International (CNMI) LLC is back on the market and set to be auctioned off from next month after a local court lifted a stay on the sale. ’s controversial casino project in Saipan for employing undocumented workers, making. due to the plaintiff under their construction contract for labor and materials provided for the improvement of the Saipan casino investor. KAN Pacific Saipan or KPS has filed a breach of contract lawsuit in federal court and named Imperial Pacific International LLC and several unnamed individuals as defendants. IPI still owes the CCC and the CNMI government at least $36. Last updated on: March 30, 2022, 10:10h. You have permission to edit this article. Receive our newspaper electronically with the. 13, a copy of which was obtained by Saipan Tribune yesterday. 26. IPI agreed to pay Saipan annually a $3. February 15, 2018 at 2:00 AM PST. 3 km northeast of Tinian across the Saipan Channel, Saipan is the second-largest island after. 28, plus pre- and post-judgment interest, and costs. House of Representatives floor leader Rep. island, when four Chinese men arrived with a body. Oct 11, 2023. According to the governor's declaration, members of the public must expect the following: 1) There will be a full closure of Hibiscus Lane until “all clear” is declared. According to IPI legal counsel Charles McDonald, there are ongoing negotiations between the 37 workers and the CNMI Department of. Fax: (250) 598-6169 . 27, the Commonwealth of the Northern Mariana Islands Department of Public Works informed Imperial Pacific International. District Court of the Northern Mariana Islands awarded the company $2. 1 million for a regulatory duty. Sablan’s (D-Saipan). The high court found that IPI met its burden to establish by a preponderance of the evidence that COVID-19 was the proximate cause for its nonpayment of the annual license fee. Mar 19, 2020. Phone: (250) 598-6161 . District Court for the NMI has granted a default judgment in favor of Kan Pacific Saipan Ltd. By Bryan Manabat Saipan— The clanking and clanging of the gaming machines have stopped. SAIPAN — The federal court has granted the motion of Best Sunshine International Ltd. Commission Executive Director Andrew Yeom on Thursday reported to the commissioners that according to IPI Human Resource Senior Advisor Reddie Dela Cruz, IPI's payroll "is fully up-to-date as of August 12, 2022, which was the last pay period. By Bryan Manabat. After that, earlier this year, the CCC ordered an indefinite suspension of the casino’s license. "IPI's former construction manager, Eric Poon, knows that we, DR Safety, have the authority," Rillera said adding that he is not aware of IPI's current arrangement with the CNMI government that allowed the hotel-casino investor to use non-certified, in-house construction workers. Emmanuel T. Plummeting VIP volume on the back of the FIFA World Cup, tightening marker credits and disruption caused by typhoon YutuImperial Palace Casino in Saipan remains closed to this day. 14, 2020, the FBI and CNMI Office of the Public Auditor agents executed a search warrant on the apartment of Eson Yuen, IPI’s director of strategic planning. Feb 9, 2021 Updated Feb 9, 2021. In July 2016, Gray filed a charge with the Equal Employment Opportunity Commission alleging that IPI discriminated against qualified U. 1, 2021 for a total amount of $1,478,430. ” This decision could be the final blow to IPI and its failed experiment in Saipan. Erik Gibbs Expertise: Asia Pacific Gaming, Gaming Business, Global Gaming. Imperial Pacific International (IPI) Chairman and Executive Director Cui Li Jie has offloaded almost 10% of the company in order to raise funds for development of its Saipan integrated resort. This personal property includes the liquor that is being stored in IPI’s liquor vault in the basement of the casino. The lights are out. Saipan’s Commonwealth Casino Commission (CCC) has given troubled casino licensee Imperial Pacific International 30 days to pay US$62 million in outstanding license fees or face having its license revoked. The U. IPI revealed Thursday that it has signed a four-year agreement with Sino Travel Samoa Limited for the latter to underwrite the leasing of 250 hotel rooms and 15 villas at Imperial Palace, pending the receipt of all necessary licenses and approvals from Saipan’s authorities in relation to the operation of Imperial Palace. The judge approved it, buying the operator’s argument that it is going to have $150. October 24, 2023. By KIMBERLY B. Yumul informed Howyo Chi, who is the new manager/director of IPI, that DPW had been made aware via news media that Security Title deposited the $2. Manglona ofU. Many said this was the first time they have been so utterly forsaken by an employer. which is in 5hr 51min 40s from now. The Imperial Palace Casino Resort, once the shiny new object in the tourist district of Garapan, now looks like a forsaken island after being shuttered at the onset of the Covid-19 pandemic. IMPERIAL Pacific International told the Department of Public Works two weeks ago that it will dismantle the two crane towers at its unfinished hotel-casino in Garapan. Chief Judge Ramona V. Saipan District Office. S. Ltd. IPI got a pretty sweet deal when it was awarded the single Saipan casino license – a 25-year gaming monopoly — in return for paying the cash-strapped island a $15 million annual fee and a. About. The license was suspended for failure to pay a $6. (CNMI Homeland Security and Emergency Management) — Based on information received from the National Weather Service in Tiyan, Guam, and compiled at the CNMI Emergency Operations Center State Warning Point, a tropical disturbance, Invest 98W, was centered near 6. Propst (D-Saipan), extreme left, talks about the need for the House as one body to figure out when to pressure the Commonwealth Casino Commission to revoke Imperial Pacific International’s (CNMI) casino license as House Speaker Edmund S. Judge Manglona appointed Clear Management Ltd. on Dec. The charges were unsealed today. com. Saipan 96950, Northern Mariana Islands. The agreement will be valid for four years and. The South Korean investor also vowed to help improve the local economy. “A website will be launched this week with all. Instead, if IPI can come up with a bond worth $6 million by June 30, they. It was reportedly going to. S. Clear Management had been planning to run one auction per month for six months after taking a number of remote bids on IPI’s gaming equipment, with the auctions aimed at repaying some of the US$2. DeLeon Guerrero requested SNILD chair Rep. they also filed a discrimination lawsuit in federal court against the Saipan casino operator. The Honolulu-based lawyer of the U. 1. Northern Mariana Islands. Attorney Joseph Iacopino, who represents KPS, said his client and IPI signed an agreement on or about May 9, 2016. Receiver’s request for more time to inventory IPI assets OK’d. Roman Benavente, second left, and staff members of regulatory agencies at San Antonio beach on Wednesday. Ltd. The seven construction workers sued IPI over allegations of labor violations and human trafficking. IPI violated minimum wage and overtime pay rules under the Fair Labor Standards Act and was ordered in an April 2019 Consent Judgement to pay a sum of $3,360,000 to cover back wages and other liquidated damages. 613. Island of Saipan. “ We expect the successional opening of villas and hotel rooms of Imperial Palace Saipan, subject to the lifting of the global travel restrictions, will enhance our capacity to welcome. SAIPAN — DR Safety Consultant, the company previously contracted by Imperial Pacific International to oversee safety compliance at the IPI construction site. Coastal Resources Management. Northern Mariana Islands. In a notice of actual and immediate danger issued to IPI vice president Tao Xing last Oct. In exchange for gaming exclusivity in Saipan, IPI agreed to give the government a piece of the action. Imperial Pacific International, the beleaguered casino operator, was on the verge of losing its. IPI came in after the first auction and paid off some of its debt, a sign it said showed that it was fulfilling its obligations. In his letter, Browne said he must resign to attend to family matters. American Memorial Park, operated by the United States National Park Service,. SAIPAN TRIBUNE. The majority shareholder of Imperial Pacific International (IPI) still believes the company deserves to hold on to its casino monopoly in Saipan. IPI recently made an offer to the CCC board to pay $5 million a year for four years to the CNMI government for the casino license fee and $1 million per year for four years to the CCC for its regulatory fee, in exchange for getting back its suspended casino license. The Executive Director of the Commonwealth Casino Commission (CCC), the gaming regulatory body of the Northern Mariana Islands, has attributed the comparatively enormous VIP rolling chip volumes running through Imperial Pacific International’s (IPI) Saipan casino to Macau operators failing to report real VIP numbers. and. Love. The plaintiff, USA Fanter Corp. 2, 2022, the federal court entered a judgment in favor of KPS in the amount of $697,801. District Court for the NMI issued an order stopping IPI’s construction for. As a result, next month, IPI will owe the Commonwealth of Northern Mariana Islands (CNMI) more than $100 million. Saipan. The gaming market has come under scrutiny for both regulatory and financial issues for. It’s supposed to pay $15. He added that there is no current enforcement action. S. In addition, they stated, “IPI’s motions for judicial notice of materials outside the record are DENIED. IPI Director How Yo Chi responded to DPW's. . According to local media reports, at least five FBI agents entered the second floor. Struggling Saipan casino operator Imperial Pacific International (IPI) has lost one of its directors while its chief lawyer has detailed what the FBI took when they raided the company’s offices. The court granted IPI’s motion for a TRO. Tel: 670 664 3200 / 3201 Fax: 670 664 3237SAIPAN - The Commonwealth. 8 million in gross gaming revenue taxes covering the period from January to June 2017. 5 million. IPI filed for a temporary restraining order (TRO) to suspend the hearing, according to the Saipan Tribune. 5 million casino license fee, and $20 million community benefit disbursement. , sued IPI for failing to pay the full contract amount due for labor and materials it provided for the improvement of IPI’s real property in Garapan. The company has spent the past several years building out the Imperial Palace in Saipan and has spent just as long fighting lawsuits, federal investigations, allegations of misconduct, and more. It was the third time that the licence revocation had been delayed. The value of IPI’s vehicles and gaming machines has been estimated at around US$3. Six months later, the court issued a writ of execution over IPI’s motor vehicles and heavy equipment to U. 15, 2021, 11 employees were supposed to depart for Turkey," he said. Predictions on technology and innovation. As a result, next month, IPI will owe the Commonwealth of Northern Mariana Islands (CNMI) more than $100 million.