The Commonwealth Casino Commission has posted only $20,215 in revenue for fiscal year 2021.<\/p>\n\n\n\n\n\n\n\n
Northern Mariana Islands.- The\u00a0Commonwealth Casino Commission (CCC)\u00a0<\/strong>has reported its revenue for the fiscal year 2021 was only $20,215. Andrew Yeom<\/strong>, the regulator’s executive director told commission chairman\u00a0Edward C. Deleon Guerrero<\/strong>\u00a0revenue was limited due to IPI’s failure to pay its annual casino regulatory fee of $3.15m, which was due on Oct. 1, 2020.<\/p>\n\n\n\n A week ago, Yeom filed a\u00a0fifth complaint against Imperial Pacific International<\/a>,\u00a0seeking\u00a0to revoke the operator\u2019s exclusive casino licence\u00a0<\/strong>after it failed to pay this year\u2019s annual regulatory fees of US$3m. The CCC board gave IPI until November 15, to answer Yeom\u2019s complaints, all of which call for the immediate cancellation of IPI\u2019s exclusive casino licence.\u00a0<\/p>\n\n\n\n The committee also reported that the US$3m regulatory fund raised for 2019 has been used up.\u00a0The revenue of $20,215 is what was left from the US$106,500 in \u201cother regulatory expenses\u201d for the fiscal year 2020.<\/p>\n\n\n\n In September, the CCC<\/a> requested the allocation of the available US$1m in casino licence fees <\/strong>that was collected from IPI in 2019. However, governor Ralph DLG Torres minimised the issue<\/a>.<\/p>\n\n\n\n The regulator also reported that it must pay $120,000 in rent this year for the construction of a two-story office at Spring Plaza in Gualo Rai; and that it needs $70,287 for “operating expenses”; $322,234 for board compensation; and $1.4m in wages and benefits. <\/p>\n\n\n\n At the committee meeting last week, Yeom reported that with the resignation of compliance manager Leonard Leon<\/a> on November 5, 2021, their number of employees has dropped from more than 50 to 10 in the past.<\/p>\n\n\n\n According to Mariana’s Variety, Deleon Guerrero and Yeom also stated that in the 2021 fiscal year, “there was minimal issuance of licences for casino employees, key employees, service providers and vendors.”<\/p>\n\n\n\nCNMI could allow 5 casino licences on Saipan through a new bill<\/h2>\n\n\n\n