{"id":30790,"date":"2022-06-15T04:08:51","date_gmt":"2022-06-15T07:08:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=30790"},"modified":"2026-04-23T07:46:32","modified_gmt":"2026-04-23T10:46:32","slug":"ipi-in-settlement-agreement-with-the-ccc","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ipi-in-settlement-agreement-with-the-ccc","title":{"rendered":"IPI in settlement agreement with the CCC"},"content":{"rendered":"\n

IPI’s lawyers have told court that the company has reached an agreement with CCC executive director Andrew Yeom.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.- Imperial Pacific International says it is close to reaching a settlement with the Commonwealth Casino Commission (CCC). The company’s lawyers have told court that they have settled the terms of the agreement with\u00a0CCC Executive Director Andrew Yeom\u00a0<\/strong>and are in the process of finalising the documents.<\/p>\n\n\n\n

Chief Judge Ramona V. Manglona<\/strong>\u00a0had issued a\u00a0temporary restraining order<\/a>\u00a0preventing the Commonwealth Casino Commission (CCC) from holding a hearing to decide the fate of the company\u2019s exclusive casino licence, which remains suspended.<\/p>\n\n\n\n

She issued the order on May 23 and it was to expire on June 3, but Manglona then\u00a0extended it until 12pm on July 8<\/a>. The two parties are scheduled to hold a status meeting on Friday, July 1.<\/p>\n\n\n\n

In the meantime, senator Paul A. Manglona continues to push for action on Senate Bill 22-23 to remove IPI\u2019s exclusive licence. Manglona has also requested urgent attention be given to Senate Joint Resolution 22-01, which would request governor Ralph DLG Torres instruct the representative of the Planning and Development Advisory Council to \u201cimmediately deliver a report\u201d on casino projects to the legislature.<\/p>\n\n\n\n

In his letter, Manglona said: \u201cIt is evident that IPI has not, cannot and will not honour its obligation to its employees, contractors, vendors and the CNMI following the Casino License Agreement.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

IPI’s lawyers have told court that the company has reached an agreement with CCC executive director Andrew Yeom.<\/p>\n","protected":false},"author":176,"featured_media":19434,"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) is reportedly nearing a settlement with the Commonwealth Casino Commission (CCC) regarding its suspended exclusive casino license in the Northern Mariana Islands. This development unfolds amidst a temporary restraining order preventing the CCC from holding a revocation hearing and concurrent legislative efforts to permanently remove IPI's license due to alleged non-compliance with its operational obligations.","focusai_entities":"Imperial Pacific International, IPI, Commonwealth Casino Commission, CCC, Andrew Yeom, Ramona V. Manglona, Paul A. Manglona, Ralph DLG Torres, Planning and Development Advisory Council","focusai_location":"Northern Mariana Islands, CNMI","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.85), investor_analyst (0.9), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Settlement Terms Impact","query":"What are the specific terms of the proposed settlement between IPI and the CCC, and how do they address the alleged breaches of the Casino License Agreement and IPI's outstanding obligations?"},{"label":"Legislative Outlook","query":"What is the projected timeline and likelihood of Senate Bill 22-23 passing, and what are the immediate implications for IPI's operational status if its exclusive license is legislatively removed prior to the settlement finalization?"}],"footnotes":""},"categories":[16336,156],"tags":[24134,22674],"class_list":["post-30790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-regulation-news","tag-imperial-pacific-international","tag-ipi"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30790","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=30790"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30790\/revisions"}],"predecessor-version":[{"id":30816,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30790\/revisions\/30816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19434"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=30790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}