Hong Kong-listed Imperial Pacific International Holdings Ltd confirmed on Monday that it will begin casino operations at its Imperial Pacific Resort (pictured) on July 6. The company currently operates a temporary casino facility – known as Best Sunshine Live – on the Pacific island of Saipan.
The casino at the Imperial Pacific Resort “features over 70 gaming tables and over 190 gaming machines,” Imperial Pacific said in a press release. Other parts of the casino resort, including the hotel, are still under construction.
Imperial Pacific has the right to an exclusive casino licence on Saipan, the main island of the Commonwealth of the Northern Mariana Islands, a United States jurisdiction. The firm is currently catering particularly to credit-based VIP play at the Best Sunshine Live.
Despite starting casino operations on July 6, the Imperial Pacific Resort will not be offering accommodation at this stage. The developer said in Monday’s release that, once complete, the hotel will offer 329 hotel suites and 15 villas. Imperial Pacific did not disclose when the hotel would open.
Imperial Pacific said last week that it completed on June 27 the issuing of convertible bonds in the principal amount of HKD50 million (US$6.4 million). The company said that it expected to net approximately HKD46 million from the exercise.
The proceeds will be used to settle payments to contractors building the Imperial Pacific Resort and for staff salaries, the firm said.
Aug 16, 2018Food and drink have been heavily marketed as part of Macau...
Jun 27, 2018Macau’s gaming law needs to be amended in order to...
Jun 25, 2018Electronic casino game distributor Asia Pioneer...
Aug 17, 2018Nearly 900 employees of MGM China Holdings Ltd graduated this week from training programmes put on by the Macau casino operator. A MGM China press release said the company held a graduation ceremony...
Aug 17, 2018
Aug 17, 2018
"The ICAC in Hong Kong has the authority to detain people or to arrest people. But being detained or arrested – and actually being charged – are completely different things"
Japanese gaming entrepreneur