• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Imp Pacific licence suspended, told pay US$25mln fees, fine

Apr 26, 2021 Newsdesk Latest News, Top of the deck, World  


Imp Pacific licence suspended, told pay US$25mln fees, fine

Casino promoter Imperial Pacific International Holdings Ltd has confirmed in a Friday filing that its casino licence for the United States jurisdiction of Saipan has been suspended, and that 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 licence-suspension decision for Imperial Palace Saipan (pictured in a file photo), and also ordered the casino operator to pay “immediately” US$18.6 million in annual licence 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 – 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.

It added: “The group is using its best endeavours in working towards satisfying the abovementioned sum[s] in order to lift the suspension of licence.”

Separately, the Marianas Variety newspaper reported on Monday that the local regulator had also suspended issuance of any junket licences for Imperial Pacific International. It said that the decision followed concerns expressed by Ralph Torres, governor of the Commonwealth of the Northern Mariana Islands, of which Saipan is part.

The news outlet said that on April 8 Governor Torres had sent a letter to the regulator expressing concern about use of junkets, in light of the Chinese government’s statements regarding likely blacklisting of any jurisdictions that sought to encourage Chinese citizens to gamble overseas, in tandem with China’s criminalisation of those that promote “cross-border” gambling.


  • tweet
Related articles
  • Court rejects Imperial Pacific appeal on licence suspension
    Court rejects Imperial Pacific appeal...

    Mar 17, 2022  

  • Imp Pacific told to sell gaming machines to settle debt
    Imp Pacific told to sell gaming...

    Jul 12, 2021  

More news
  • Macau’s unemployment an instability factor to security: govt
    Macau’s unemployment an...

    May 24, 2022  

  • Wynn Macau Ltd asks managers to take 10pct wage in stock
    Wynn Macau Ltd asks managers to take...

    May 24, 2022  


Latest News

Macau’s unemployment an instability factor to security: govt

Macau’s unemployment an instability factor to security: govt

May 24, 2022  

Macau’s unemployment rate, and the resulting social pressure, could potentially result in “instability” regarding the city’s security, said the Office of the Secretary for Security in...
Read More
Wynn Macau Ltd asks managers to take 10pct wage in stock

Wynn Macau Ltd asks managers to take 10pct wage in stock

May 24, 2022  

Macau op debt to hit US$25bln unless travel eased 2H: MS

Macau op debt to hit US$25bln unless travel eased 2H: MS

May 24, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Resorts World Sentosa is now looking at broadening its customer base to those who engage in casual play for entertainment"

Tan Hee Teck

Genting Singapore’s president and chief operating officer



Most Popular

  • Macau GGR tax cut idea tied to China outlook: brokerageMacau GGR tax cut idea tied to China outlook: brokerage May 23, 2022
  • Review saw no irregularity in Levo Chan link: Macau LegendReview saw no irregularity in Levo Chan link: Macau Legend May 23, 2022
  • Wynn Macau Ltd asks managers to take 10pct wage in stockWynn Macau Ltd asks managers to take 10pct wage in stock May 24, 2022
  • Manila Westside launch aim still 2024: SuntrustManila Westside launch aim still 2024: Suntrust May 23, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us