GGRAsia – Imperial Pacific casino roll US$1.6 bln in Nov: filing

Imperial Pacific casino roll US$1.6 bln in Nov: filing

Dec 03, 2015 Newsdesk Latest News, Top of the deck, World

Hong Kong-listed Imperial Pacific International Holdings Ltd says its temporary casino on the Pacific island of Saipan generated VIP rolling of nearly US$1.63 billion in November.

The firm’s Wednesday filing said the number had not yet been audited. The document added that the company would in future announce on the second day of each month the unaudited VIP table games rolling for the previous month.

Imperial Pacific stated in a previous filing that VIP gaming operations at its temporary casino started on November 1. The firm has said that it expects to start collaboration with junket operators “from December 2015 onwards”.

In late November, Imperial Pacific announced the appointment of veteran Macau casino executive Yiu Ling Kwong as chief operating officer of the company’s Saipan casino. Mr Kwong most recently served as an executive vice president of casino operations for Macau casino operator MGM China Holdings Ltd.

The temporary Saipan casino property had a soft opening on July 26. At that time it had 10 gaming tables in operation, according to comments to local media by Mark Brown, chief executive of Best Sunshine International Ltd, a unit of Imperial Pacific that runs the Saipan casino operation.

On November 27, the property – located on the largest island of the U.S. Commonwealth of the Northern Mariana Islands (pictured) – officially opened. As of that date it had 600 employees and about 45 gaming tables and 106 electronic gaming machines, said Mr Brown.