{"id":32281,"date":"2022-08-02T04:04:48","date_gmt":"2022-08-02T07:04:48","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=32281"},"modified":"2026-04-23T06:20:07","modified_gmt":"2026-04-23T09:20:07","slug":"progress-stalls-on-agreement-between-ipi-and-ccc","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/progress-stalls-on-agreement-between-ipi-and-ccc","title":{"rendered":"Progress stalls on agreement between IPI and CCC"},"content":{"rendered":"\n

Ian Morell, the CCC’s acting executive director, has said that IPI has made changes that the regulator doesn’t agree with.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.- Discussions between Imperial Pacific International <\/strong>and the Commonwealth Casino Commission <\/strong>appear to have reached a stalemate, preventing an agreement that could save IPI’s exclusive casino licence. According to\u00a0Ian Morell,<\/strong>\u00a0the CCC’s acting executive director, IPI “chose to make changes that we don’t agree with.”<\/p>\n\n\n\n

The CCC has already begun licence revocation proceedings<\/a>\u00a0as a result of IPI’s failure to meet its commitments<\/a>, including its annual exclusive casino licence fees, regulatory fees and key employee licensing fees. Those proceedings have currently been stayed under a court order to allow IPI to seek to reach an agreement.<\/p>\n\n\n\n

According to CCC chair\u00a0Edward C. DeLeon Guerrero<\/strong>, IPI has not paid its 2020 and 2021 licence fees. He noted that the regulator has had to cut back from close to 50 employees to only nine due to IPI\u2019s failure to pay its fees.\u00a0CCC\u2019s revenue<\/a>\u00a0for the fiscal year 2021 was only $20,215.<\/p>\n\n\n\n

IPI claims that\u00a0it was unable to meet its financial obligations under the CLA<\/strong>\u00a0as a result of the Covid-19 pandemic and Super Typhoon Yutu, which negatively impacted its business. However, attorneys for the CCC have argued that IPI\u2019s motion should be dismissed because the plaintiff has failed to demonstrate the four factors required for special relief: the likelihood of success on the merits, irreparable damages, hardship damages and advancement of the public interest.<\/p>\n\n\n\n

Earlier this week, IH Group chairman Kyunam Kim and other company officials toured\u00a0Imperial Pacific International<\/strong>\u2018s casino, 15 luxury mansions and the unfinished hotel complex in Garapan. IH Group is to provide funding to continue work on the site.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ian Morell, the CCC’s acting executive director, has said that IPI has made changes that the regulator doesn’t agree with.<\/p>\n","protected":false},"author":176,"featured_media":10715,"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 licence revocation by the Commonwealth Casino Commission (CCC) over unpaid 2020 and 2021 exclusive casino licence fees, with discussions currently at a stalemate. While IPI cites force majeure events, the CCC argues against special relief, having significantly reduced its operational capacity due to revenue shortfalls. IH Group is exploring funding to resume work on IPI's assets, potentially offering a path forward for the distressed operator.","focusai_entities":"Ian Morell, Commonwealth Casino Commission, Imperial Pacific International, Edward C. DeLeon Guerrero, IH Group, Kyunam Kim","focusai_location":"Northern Mariana Islands, Garapan","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI's Financial Viability?","query":"What is the current financial health of Imperial Pacific International, and what specific conditions would IH Group's funding entail to ensure long-term operational viability and regulatory compliance?"},{"label":"Regulatory Precedent?","query":"What precedent does the CCC's handling of IPI's licence revocation proceedings set for future regulatory enforcement actions against operators facing financial distress or force majeure claims?"}],"footnotes":""},"categories":[16336,156],"tags":[24018,21613,24134,22674],"class_list":["post-32281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-regulation-news","tag-ccc","tag-commonwealth-casino-commission","tag-imperial-pacific-international","tag-ipi"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32281","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=32281"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32281\/revisions"}],"predecessor-version":[{"id":32299,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32281\/revisions\/32299"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10715"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}