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Imperial Pacific license get suspended

by [email protected]
Imperial Pacific license get suspended

Casino promoter Imperial Pacific International Holdings Ltd has confirmed in a Friday filing that its casino license for the United States jurisdiction of Saipan has been suspended

and its local operating unit Imperial Pacific International (CNMI) LLC has been ordered to pay outstanding fees amounting to US$18.6 million, and a fine of US$6.6 million.

The parent stated in its announcement to the Hong Kong Stock Exchange that on Friday the Saipan regulator, the Commonwealth Casino Commission, had issued the license-suspension decision for Imperial Palace Saipan, and also ordered the casino operator to pay “immediately” US$18.6 million in annual license and casino regulatory fees, and total penalties of US$6.6 million, the latter to be settled within six months.

The Saipan Tribune newspaper reported on Friday, April 23rd – citing the regulator’s chairman Edward Guerrero – that if the local operating unit did not settle the outstanding amounts, that the regulator would seek revocation of the casino licence.

In its Friday filing, the casino operator’s parent company also clarified that casino operations at its venue had been paused since mid-March last year.

“Since 17 March 2020, the casino in Imperial Palace Saipan has suspended operations to help curb the spread of the Covid-19 coronavirus,” said the parent.

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