IPI<\/a> is facing another legal issue. Kan Pacific Saipan Ltd has now filed a lawsuit in Federal Court alleging that IPI failed to pay the company, violating the agreement they reached in May 2016. <\/p>\n\n\n\nThe company\u2019s lawyer Joseph Iacopino said that IPI still needs to make annual payments due June 2020 and June 2021<\/strong>, which amount to more than US$400,000. Kan Pacific wants a jury trial and hopes that the court will order IPI to pay damages<\/strong>, arrears, legal costs, pre-judgment interest, and other relief that the court deems appropriate.<\/p>\n\n\n\nThe agreement between Kan Pacific was essentially to transfer all of Kan Pacific\u2019s assets and business to IPI, and required Kan Pacific to encourage existing employees to join IPI. <\/p>\n","protected":false},"excerpt":{"rendered":"
Andrew Yeom, the Commonwealth Casino Commission’s executive director, has filed a new complaint against IPI for alleged non-payment of this year\u2019s US$3m regulatory fee.<\/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 a fifth complaint from the Commonwealth Casino Commission (CCC) executive director, Andrew Yeom, for alleged non-payment of its US$3m annual regulatory fee, potentially leading to the revocation of its exclusive casino license. Concurrently, IPI is subject to a federal lawsuit by Kan Pacific Saipan Ltd for breach of contract and over US$400,000 in unpaid dues, further compounding its operational and financial challenges.","focusai_entities":"Andrew Yeom, Commonwealth Casino Commission, Imperial Pacific International, Edward C. DeLeon Guerrero, Tao Xing, Joey P. San Nicolas, Kan Pacific Saipan Ltd, Joseph Iacopino","focusai_location":"Northern Mariana Islands, Saipan","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.8), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI License Revocation Impact","query":"What are the immediate and long-term implications for the Northern Mariana Islands' gaming market and its B2B ecosystem if Imperial Pacific International's exclusive casino license is revoked?"},{"label":"Regulatory Compliance Precedent","query":"How might the Commonwealth Casino Commission's handling of IPI's non-compliance with regulatory fees establish a precedent for future enforcement actions against other licensed operators in the jurisdiction?"}],"footnotes":""},"categories":[16336,156,158],"tags":[14213,22674],"class_list":["post-24134","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-regulation-news","category-slider-home","tag-imperial-pacific","tag-ipi"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24134","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=24134"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24134\/revisions"}],"predecessor-version":[{"id":24159,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24134\/revisions\/24159"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}