{"id":20138,"date":"2021-07-12T17:01:18","date_gmt":"2021-07-12T17:01:18","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=20138"},"modified":"2026-04-23T17:41:52","modified_gmt":"2026-04-23T20:41:52","slug":"ipi-vehicles-and-gaming-machines-to-be-sold-to-pay-usa-fanter","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ipi-vehicles-and-gaming-machines-to-be-sold-to-pay-usa-fanter","title":{"rendered":"IPI vehicles and gaming machines to be sold to pay USA Fanter"},"content":{"rendered":"\n

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.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.-\u00a0Imperial Pacific International (IPI)\u00a0<\/strong>must sell its vehicles and gaming machines to comply with a $2.1m judgement in favour of construction firm\u00a0USA Fanter<\/a>.<\/p>\n\n\n\n

The US company sued\u00a0IPI due to its failure<\/strong>\u00a0to pay for work it completed at the operator’s Saipan resort.\u00a0<\/p>\n\n\n\n

Chief Judge Ramona V. Manglona<\/strong>, said: “All vehicles and gaming machines shall be stored either in the underground parking lot of IPI\u2019s hotel-casino complex in Garapan, Saipan or in IPI\u2019s housing in Chinatown, Saipan.”<\/p>\n\n\n\n

Meanwhile, last week,\u00a0IPI<\/a>\u00a0reported 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<\/strong>.<\/p>\n\n\n\n

The payment forms part of a court order to pay $1.58m <\/strong>in liquidated damages and $200,000 in civil penalties. IPI must make six more payments of $164,270.08<\/strong> to the US Department of Labor before December 1. The next payment will be on July 16, according to IPI\u2019s lawyer Michael W. Dotts.<\/p>\n\n\n\n

In April, IPI\u2019s gaming licence was suspended<\/a> indefinitely as the operator failed to comply with regulatory orders.<\/p>\n\n\n\n

According to the Commonwealth Casino Commission (CCC), IPI violated five orders <\/strong>including a failure to pay its US$3.1m annual regulatory fee <\/strong>in 2020 and failure to comply with an order to settle debts<\/strong> with vendors.<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Imperial Pacific International (IPI) faces asset seizure, including vehicles and gaming machines, to satisfy a $2.1 million judgment for USA Fanter Corp. This action follows IPI's ongoing financial distress, including late settlement payments, outstanding penalties to the US Department of Labor, and an indefinite suspension of its gaming license by the Commonwealth Casino Commission due to unpaid regulatory fees and vendor debts.","focusai_entities":"Imperial Pacific International, USA Fanter Corp., Ramona V. Manglona, US Department of Labor, Michael W. Dotts, Commonwealth Casino Commission","focusai_location":"Northern Mariana Islands, Saipan, Garapan, Chinatown","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI Asset Recovery Outlook","query":"What is the estimated timeline and potential recovery rate for creditors given the asset seizure and IPI's ongoing financial obligations?"},{"label":"Regulatory Enforcement Impact","query":"How will the Commonwealth Casino Commission's indefinite license suspension of IPI influence future regulatory compliance expectations and enforcement actions across other jurisdictions?"}],"footnotes":""},"categories":[16336,157],"tags":[14213,22674],"class_list":["post-20138","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-business-news","tag-imperial-pacific","tag-ipi"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20138","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=20138"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20138\/revisions"}],"predecessor-version":[{"id":20175,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20138\/revisions\/20175"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=20138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=20138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=20138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}