IPI vehicles and gaming machines to be sold to pay USA Fanter
Imperial Pacific vehicles and casino gaming machines will be seized and sold in order to comply with a $2.1m judgement by USA Fanter Corp.
Northern Mariana Islands.- Imperial Pacific International (IPI) must sell its vehicles and gaming machines to comply with a $2.1m judgement in favour of construction firm USA Fanter.
The US company sued IPI due to its failure to pay for work it completed at the operator’s Saipan resort.
Chief Judge Ramona V. Manglona, said: “All vehicles and gaming machines shall be stored either in the underground parking lot of IPI’s hotel-casino complex in Garapan, Saipan or in IPI’s housing in Chinatown, Saipan.”
Meanwhile, last week, IPI reported that it had paid out on a settlement payment it was due to pay this month. There was some confusion because the casino operator made the payment a day late.
The payment forms part of a court order to pay $1.58m in liquidated damages and $200,000 in civil penalties. IPI must make six more payments of $164,270.08 to the US Department of Labor before December 1. The next payment will be on July 16, according to IPI’s lawyer Michael W. Dotts.
In April, IPI’s gaming licence was suspended indefinitely as the operator failed to comply with regulatory orders.
According to the Commonwealth Casino Commission (CCC), IPI violated five orders including a failure to pay its US$3.1m annual regulatory fee in 2020 and failure to comply with an order to settle debts with vendors.
