willing to pay US$7.75 million<\/a><\/em><\/strong> in 10 days\u2019 time and the remaining US$7.75 million in February 2021. <\/p>\n\n\n\nIt would then pay next year\u2019s fee, for the seventh year of its casino licence agreement, with US$7.75 million on August 12, 2021, and the remainder in the second half of the year. <\/p>\n\n\n\n
The firm has also requested the commission reduce its US$$3 million regulatory fee to US$1 million, arguing that without gaming operations it requires less oversight. <\/p>\n\n\n\n
Neither of the proposals were considered by the commission.<\/p>\n","protected":false},"excerpt":{"rendered":"
The proposal to split the payment of its casino fee for 2020 has been rejected by the Commonwealth Lottery Commission.<\/p>\n","protected":false},"author":2,"featured_media":10758,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Commonwealth Lottery Commission (CLC) has rejected Imperial Pacific International's (IPI) proposal to pay its US$15.5 million 2020 casino license fee in two instalments. However, the CLC granted IPI a six-month deferral on a US$20 million debt to the islands\u2019 community benefit fund, citing \"force majeure.\" IPI's request to reduce its US$3 million regulatory fee was also not considered, highlighting ongoing financial and regulatory challenges for the operator.","focusai_entities":"Imperial Pacific International (IPI), Commonwealth Lottery Commission (CLC), Mark Rabauliman, David DLG Atalig, Robert Guerrero, Office of the governor, Saipan Tribune","focusai_location":"Northern Mariana Islands, Saipan","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI's Financial Viability?","query":"What are the long-term implications of Imperial Pacific International's (IPI) ongoing financial challenges and the Commonwealth Lottery Commission's (CLC) decisions on its operational viability and license continuity in the Northern Mariana Islands?"},{"label":"Regulatory Precedent?","query":"Does the CLC's granting of a 'force majeure' deferral for the community benefit fund debt, while rejecting the license fee instalment plan, establish a specific regulatory precedent for other operators facing financial distress in this jurisdiction?"}],"footnotes":""},"categories":[16336,163],"tags":[14213,22675],"class_list":["post-10755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-imperial-pacific","tag-northern-mariana-islands"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10755"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10755\/revisions"}],"predecessor-version":[{"id":19720,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10755\/revisions\/19720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10758"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}