Lawmakers in the House of Representatives for the Commonwealth of the Northern Mariana Islands (pictured) on Tuesday passed a bill to repeal and re-enact a casino law for Saipan, to “clarify ambiguities” in the original statute, reported the Saipan Tribune newspaper.
The lower house has now passed the enabling bill to the jurisdiction’s Senate for action on Thursday.
Last week Superior Court Associate Judge David A. Wiseman, sitting in Saipan, criticised the original law, describing it as “haphazard and poorly drafted”.
Imperial Pacific International Holdings Ltd – a Hong Kong-listed investor in the profit stream of Macau VIP operator Hengsheng Group – is seeking via a wholly owned subsidiary to secure the licence for a resort requiring a “minimum US$2 billion” investment according to the Saipan authorities. The subsidiary, Best Sunshine Ltd, is one of two applicants currently involved in the process.
Jan 18, 2022The Singapore casino market could face another “quiet” Chinese New Year due to the suspension of the city-state’s vaccinated travel lane programme in response to the highly-infectious Omicron...
Jan 18, 2022
”There will be an explicit ban made against the sharing of casino revenue – in any form or agreement – between VIP gaming promoters and the [Macau gaming] concessionaires”
Macau Secretary for Administration and Justice