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Business
April 22, 2024
Saipan Casino Operator IPI Files for Chapter 11 Bankruptcy
The troubled Saipan casino operator, Imperial Pacific International (IPI) LLC, had its license suspended three years ago. In April 2021, the operator’s license was suspended after it failed to settle regulatory and license fees. Ahead of IPI’s hearing with the Commonwealth Casino Commission (CCC), which is set to decide whether or not the operator will […]
Casino
April 12, 2024
Two Rolls Royce Cars Owned by IPI Sold for $333K
Two luxury Rolls Royce vehicles, part of the assets of Imperial Pacific International (IPI) LLC, the troubled Saipan casino operator, were up for sale via an auction that closed on April 11. The luxury cars were able to find new owners, after the company in charge of auctioning the assets, Clear Management Ltd, confirmed the […]
Casino
April 1, 2024
IPI Auctions Off Rolls-Royce Cars and Crystal Dragons
Saipan’s troubled casino operator, Imperial Pacific International (IPI) LLC, is again making headlines as its assets go under the hammer in a new auction organized by the appointed receiver. This time, the spotlight falls on IPI’s prestigious collection of Rolls Royce cars and its famed Crystal Dragons. The online auction, facilitated by Clear Management Ltd, […]
Business
March 6, 2024
Imperial Pacific International Offers License Transfer amidst Legal Uncertainties
Imperial Pacific International (IPI), the once illustrious Saipan casino operator, proposed transferring its casino license to a new investor as part of a new settlement agreement, petitioning the Commonwealth Casino Commission (CCC) to consider its offering. This move aims to avoid the revocation of its license but has caused heated debates among industry stakeholders. IPI […]
Legal
January 10, 2024
IPI Loses All Hope as Supreme Court Denies Appeal
Imperial Pacific International (IPI) faced another crippling blow on Monday as the US Supreme Court rejected its petition, upholding the Ninth Circuit’s previous ruling regarding the case. This decision allows the Commonwealth Casino Commission (CCC) to proceed with the revocation hearing concerning IPI’s casino license and will likely spell the end for Imperial Palace Casino […]
Casino
May 5, 2023
Public Works Department Wants to Investigate IPI’s Decaying Saipan Casino
Imperial Palace Casino in Saipan remains closed to this day. Imperial Pacific International (IPI), which operates the casino, has been involved in various controversies and almost lost its license on several occasions. However, the controversies might not be the only thing preventing the property from reopening. As reported by Mariana Variety, two years of being […]
Casino
November 21, 2022
NMI Court Greenlit Sale of Imperial Palace Saipan Assets
After auctions in October, the US District Court for the Northern Mariana Islands (NMI) has greenlit the sale of Imperial Pacific International (IPI) casino assets. As agreed, Clear Management, which serves as the receiver, will auction equipment from Imperial Palace Saipan worth more than $410,000. Imperial Palace Saipan Assets Got Auctioned The Saipan operator did […]
Legal
October 21, 2022
IPI on Its Last Legs after Renewed Legal Disputes
The Commonwealth Casino Commission (CCC) has filed a petition against casino operator Imperial Pacific International (IPI) due to the latter’s failure to comply with a previous court order and pay out $25 million in missed license fees. This most recent legal trouble is the latest in IPI’s series of legal issues, which almost caused the […]
Business
February 8, 2022
Imperial Pacific Boss Who Threatened to Reveal Dirty Secrets Resigns
Even when it tries its best to keep things together, Imperial Pacific International (IPI) fails. Faced with the realization that the casino operator could permanently be kicked out of the Commonwealth of Northern Mariana Islands (CNMI), its now-former CEO lashed out at lawmakers recently. As a result, he “voluntarily” resigned from the company, effective February […]
Business
August 10, 2021
Saipan Slot Parlors: We’re Paying for Imperial Pacific’s Incompetence
Slot parlors in Saipan aren’t happy with the government and believe that they’re taking the fall for Imperial Pacific International’s (IPI) incompetence. A new law that effectively doubles the amount they have to pay in taxes, while IPI, which is clinging onto the Imperial Palace casino, still hasn’t paid millions of dollars in outstanding taxes […]