{"id":31441,"date":"2022-07-05T05:03:26","date_gmt":"2022-07-05T08:03:26","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31441"},"modified":"2026-04-23T07:09:49","modified_gmt":"2026-04-23T10:09:49","slug":"ccc-and-ipi-move-closer-to-settlement-agreement","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ccc-and-ipi-move-closer-to-settlement-agreement","title":{"rendered":"CCC and IPI move closer to settlement agreement"},"content":{"rendered":"\n

The settlement may the casino regulator’s complaints against IPI.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.- The NMI’s US District Court has been notified that Commonwealth Casino Commission (CC) and Imperial Pacific International (IPI) are close to finalising a settlement. A draft of the agreement is currently being circulated between the parties.<\/p>\n\n\n\n

Andrew Yeom<\/a>, executive director of the Commonwealth Casino Commission (CCC), has said that the settlement may be reached to resolve the regulator\u2019s five complaints against Imperial Pacific International. Chief Judge Ramona V. Manglona\u00a0<\/strong>has scheduled a status meeting for Tuesday, July 12 at 8.30am and ordered each party’s attorneys to report on the status of the settlement by July 11 at the latest.<\/p>\n\n\n\n

Manglona<\/strong> had previously issued a temporary restraining order<\/a> preventing the Commonwealth Casino Commission (CCC) from holding a hearing to revoke IPI\u2019s exclusive casino commission.<\/p>\n\n\n\n

She said: \u201cThe Court extends this TRO based on the parties\u2019 representation that they have made significant progress toward settlement and require additional time to finalize the terms of an agreement in principle and to enter a comprehensive settlement agreement memorializing those terms, to allow them time to resolve this matter without proceeding to an order to show cause hearing for a preliminary injunction.\u201d <\/p>\n\n\n\n

IPI reaches agreement to complete casino hotel in Garapan<\/h2>\n\n\n\n

As previously reported by Focus Gaming News, IPI has reached an agreement with several companies to finish the construction of its Garapan casino hotel. It has\u00a0entered into a construction contract with an independent contractor<\/strong>, who has committed to financing and completing the remaining structure of the venue in Garapan.<\/p>\n\n\n\n

Meanwhile, in an agreement with a company called Sino Travel Samoa Limited<\/strong>, IPI will lease 250 hotel rooms and 15 villas for a term of four years. The company has also entered into an exclusive cooperation agreement with Fujian Jiadingsheng Supply Chain Management Co. Ltd <\/strong>to operate a shopping mall at Imperial Palace for a term of four years from October 20.<\/p>\n","protected":false},"excerpt":{"rendered":"

The settlement may the casino regulator’s complaints against IPI.<\/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) and the Commonwealth Casino Commission (CCC) are nearing a settlement in the Northern Mariana Islands regarding five regulatory complaints, with a court-ordered status meeting scheduled. Concurrently, IPI has secured agreements with multiple entities to finance and complete its Garapan casino hotel, including construction, hotel room leases, and shopping mall operations.","focusai_entities":"Imperial Pacific International, IPI, Commonwealth Casino Commission, CC, CCC, Andrew Yeom, Ramona V. Manglona, Sino Travel Samoa Limited, Fujian Jiadingsheng Supply Chain Management Co. Ltd","focusai_location":"Northern Mariana Islands, NMI, Garapan","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":"Settlement Terms & Complaints?","query":"What are the specific terms of the proposed settlement between IPI and the CCC, and how do they address the five original regulatory complaints?"},{"label":"Garapan Hotel Completion Timeline?","query":"What is the financial structure of the agreement with the independent contractor for the Garapan casino hotel completion, and what are the projected timelines for its operational readiness?"}],"footnotes":""},"categories":[16336,156,158],"tags":[24134,22674],"class_list":["post-31441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-regulation-news","category-slider-home","tag-imperial-pacific-international","tag-ipi"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31441","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=31441"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31441\/revisions"}],"predecessor-version":[{"id":31454,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31441\/revisions\/31454"}],"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=31441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}