Mark Brown returns to head Imperial Pacific Intl: reports

Oct 31, 2018 Newsdesk Latest News, Top of the deck, World  

---

Veteran casino executive Mark Brown is “to return from retirement” as the “interim chairman” of Imperial Pacific International (CNMI) LLC, according to media reports. The company is the operating unit of Hong Kong-listed Imperial Pacific International Ltd, and runs Imperial Pacific resort, a casino complex on Saipan, part of the Commonwealth of the Northern Mariana Islands, a United States jurisdiction in the Western Pacific.

Mr Brown’s “first working day” at Imperial Pacific International (CNMI) LLC will be November 1, local newspaper Marianas Variety reported, via a company press statement. He had reportedly left the company in December last year, for “family reasons”.

“Early last month Imperial Pacific International (CNMI) LLC and Mr Brown began to discuss Mr. Brown returning as ‘interim chairman’ to lend his experience in guiding Imperial Pacific International (CNMI) LLC through these critical last stages, and help ensure the success of launching full resort operations,” stated the company in the press statement.

In August the group was given until February 28, 2021, to complete the initial phase of Imperial Pacific Resort. In July last year, the listed entity said it had reached an agreement with the Saipan authorities to amend its licence and downsize the scale of the development.

Imperial Pacific International (CNMI) LLC has seen the resignation of several executives over the past 12 months. In early October, the company announced the resignation of the then chief executive and chairman Henry Cheang, who had been in the post for under one year. The departure of Mr Cheang followed the resignation in August of his predecessor as chairman, Marco Teng, and the subsequent resignation of executive director Cai Lingli.

---

---