gaming licence has been suspended<\/a>\u00a0indefinitely as the operator failed to comply with regulatory orders.<\/p>\n\n\n\nThe Commonwealth Casino Commission board has ordered IPI to pay a penalty of US$6.6m<\/strong>, an annual casino exclusive licence fee of US$15.5m and annual casino regulatory fees of US$3.1m<\/strong>.<\/p>\n\n\n\nAccording to local media\u00a0Tiberius Mocanu<\/strong>, IPI counsel, the\u00a0company still has to review the order<\/strong>. CCC board chair Edward C. DeLeon Guerrero stated\u00a0the gaming licence suspension will last until the company settles its outstanding payments<\/strong>.<\/p>\n\n\n\nImperial Pacific’s\u00a0gaming licence suspension will be effective from May 10\u00a0<\/strong>onwards, but the casino is already closed due to Covid-19 measures.<\/p>\n\n\n\nAccording to the Commonwealth Casino Commission (CCC), Imperial Pacific International had\u00a0violated five orders\u00a0<\/strong>including a failure to pay\u00a0its US$3.1m annual regulatory fee\u00a0<\/strong>in 2020 and failure to\u00a0comply with an order to settle debts<\/strong>\u00a0with vendors.<\/p>\n\n\n\nIn an interview with the Saipan Tribune newspaper, Guerrero warned that\u00a0if IPI does not make payments in six months<\/strong>, the CCC is likely to seek the\u00a0revocation of its gaming licence<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"The Commonwealth Casino Commission has ordered the suspension of Imperial Pacific International’s gaming licence and ordered the casino operator to pay a penalty plus regulatory fees.<\/p>\n","protected":false},"author":176,"featured_media":17159,"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 Casino Commission has indefinitely suspended Imperial Pacific International's gaming license due to non-compliance with regulatory orders, including outstanding penalties, annual license, and regulatory fees totaling over US$25 million, and unpaid vendor debts. The suspension is effective May 10, with a warning of potential license revocation if payments are not settled within six months.","focusai_entities":"Imperial Pacific International, Commonwealth Casino Commission, Tiberius Mocanu, Edward C. DeLeon Guerrero","focusai_location":"Northern Mariana Islands","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"IPI Financial Viability","query":"What is the estimated total financial liability of Imperial Pacific International, including all outstanding penalties, fees, and vendor debts, and what is the likelihood of IPI securing the necessary capital to avoid license revocation?"},{"label":"Regulatory Precedent Impact","query":"How might this enforcement action by the Commonwealth Casino Commission influence regulatory compliance standards and governance frameworks for other operators within the Northern Mariana Islands and similar jurisdictions?"}],"footnotes":""},"categories":[16336,156],"tags":[23908,14213],"class_list":["post-17158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-regulation-news","tag-gaming-regulation","tag-imperial-pacific"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17158","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17158"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17158\/revisions"}],"predecessor-version":[{"id":17183,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17158\/revisions\/17183"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17159"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}