10/08/20 IPI proposes splitting licence fee payment The operator wants to pay half in 10 days’ time three payments in 2021 to comply with its agreement.
09/09/20 N. Mariana Islands claim priority over IPI assets IPI owes the islands over US$9 million in taxes, while Pacific Rim is asking for US$5 million to Pacific Rim for unpaid work.
08/18/20 IPI: “We’ll vigorously defend our exclusive rights” The Saipan casino operator has said it can’t pay its US$15.5 million annual licence fee due to the economic impact of the pandemic.
08/06/20 Imperial Pacific: no connection with execs facing prosecution Casino company Imperial Pacific has stated that it has no involvement in the case of two executives indicted in the Northern Mariana Islands.
07/30/20 “Cash in casino cage is restricted,” IPI says Pacific Rim had requested a court seize funds found in the cage during an inspection at Imperial Pacific Resort & Casino in Garapan.
06/27/20 Imperial Pacific ordered to name CEO The Commonwealth Casino Commission also wants to make sure IPI has enough liquidity to pay vendors and employees.
06/24/20 Imperial Pacific secures financing from strategic partner The casino operator and Zhongfeng International have reached an agreement to subscribe US$6.4 million in convertible bonds.
06/16/20 New lawsuit against Imperial Pacific International More blues for IPI after one of the operator’s warehouses on Saipan caught fire at the weekend.
06/13/20 New setback for Imperial Pacific A judge has granted a second writ for former provider Pacific Rim to access Imperial Pacific’s accounts.
04/29/20 Imperial Pacific to pay $5.6m for contract breach Imperial Pacific International has been ordered to pay to its former contractor for breaching a promissory note.
04/13/20 Imperial Pacific CFO departs company Ed Chen has departed the company as it part of efforts to achieve a ‘leaner finance department’ during the Coronavirus pandemic.
