{"id":32793,"date":"2022-08-19T04:04:03","date_gmt":"2022-08-19T07:04:03","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=32793"},"modified":"2026-04-23T05:42:37","modified_gmt":"2026-04-23T08:42:37","slug":"federal-court-lifts-stay-on-sale-of-ipi-casino-assets","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/federal-court-lifts-stay-on-sale-of-ipi-casino-assets","title":{"rendered":"Federal court lifts stay on sale of IPI casino assets"},"content":{"rendered":"\n<p>Chief Justice Ramona Manglona has ordered IPI to object to a listing of items for auction within two weeks.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Northern Mariana Islands.-\u00a0<strong>Chief Justice Ramona Manglona<\/strong> has ordered Clear Management to\u00a0proceed with its auction of IPI assets starting <strong>August 30<\/strong>. The judge has granted a motion filed by seven workers to lift Imperial Pacific International&#8217;s moratorium on the sale in compliance with a US bankruptcy judge&#8217;s decision.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/cnmi-court-orders-payment-of-legal-fees-for-7-workers-who-sued-ipi\" target=\"_blank\">The seven workers<\/a>\u00a0had sued IPI for labour violations and human trafficking. On May 26, 2021,\u00a0<strong>Judge Manglona issued a default judgment in favour of the workers<\/strong> as well as post-judgment interest and attorney fees totalling $5.9m. IPI appealed to the US Court of Appeals for the Ninth Circuit after its motion for reconsideration was rejected.\u00a0<\/p>\n\n\n\n<p>Judge Manglona has now ordered IPI to object to auctions of items listed on Clear Management&#8217;s website within two weeks. She informed the parties that any sale would require court approval.<\/p>\n\n\n\n<p>According to Saipan Tribune,<strong>\u00a0IPI has also been ordered to pay plaintiffs&#8217; legal fees<\/strong>\u00a0for the time spent litigating IPI\u2019s objection to the limited receivership proceedings. The plaintiff must submit a petition for fees and costs no later than August 30.<\/p>\n\n\n\n<p>According to court documents, the court previously found that IPI violated the stay agreement by failing to increase a previously agreed\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/ipi-to-provide-supersedeas-bond-in-lawsuit-filed-by-usa-fanter\" target=\"_blank\">appeal bond<\/a>\u00a0for the judgement in the lawsuit filed by USA Fanter Corp. The plaintiffs sought to lift the stay so that IPI\u2019s gaming equipment could be sold to satisfy their judgment against IPI.<\/p>\n\n\n\n<p>At an August 16 hearing, the court granted the plaintiffs&#8217; motion and\u00a0<strong>ordered the suspension of limited receivership to be lifted<\/strong>. The court issued a formal decision and order yesterday (August 18). In her order, Manglona stated which IPI assets could and could not be sold.<\/p>\n\n\n\n<p>Manglona said: &#8220;Clear Management examined a March 2020 list provided by IPI that identified 404 electronic gaming machines as well as 185 units of what Clear Management labelled &#8216;casino utilities&#8217;, which primarily includes devices used to count, shuffle, or deal cards. Therefore, these gaming machines and the playing card utilities, to the extent they can be found, may be sold by Clear Management.&#8221;<\/p>\n\n\n\n<p>Earlier this month&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/ih-group-chairman-visits-ipi-site-in-garapan\" rel=\"noreferrer noopener\">IH Group chairman<\/a>&nbsp;Kyunam Kim promised that work at&nbsp;<strong>Imperial Pacific International<\/strong>\u2018s casino will continue and that the project will contribute to the Northern Mariana Islands\u2019 economy.<\/p>\n\n\n\n<p>In May, IPI reported it had signed\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/imperial-pacific-claims-its-signed-a-deal-with-ih-group\" target=\"_blank\">a memorandum of agreement<\/a>\u00a0with\u00a0<strong>South Korea\u2019s IH Group<\/strong>\u00a0to secure funding to help it reopen its casino in Garapan and pay some of its obligations, including payroll and outstanding payables to vendors. However, so far there has been no news regarding the agreement between the companies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">CCC insists it has a future beyond IPI<\/h2>\n\n\n\n<p>Commonwealth Casino Commission chairman&nbsp;<strong>Edward C. DeLeon Guerrero<\/strong>&nbsp;has said that the regulator would continue to exist were it to revoke the licence of the Northern Mariana Islands\u2019&nbsp;<strong>sole casino operator<\/strong>.<\/p>\n\n\n\n<p>In an interview with Mariana\u2019s Variety, he said: \u201cThe CCC has the authority under Public Law 21-38 to issue another licence so it\u2019s not like it\u2019s game over.\u201d<\/p>\n\n\n\n<p>He added: \u201cIf things don\u2019t work with Imperial Pacific International, we can still figure out a way to make the gaming industry a&nbsp;<strong>viable industry<\/strong>&nbsp;here in the Commonwealth.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chief Justice Ramona Manglona has ordered IPI to object to a listing of items for auction within two weeks.<\/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) faces an imminent auction of its gaming assets and casino utilities, ordered by Chief Justice Ramona Manglona, to satisfy a $5.9 million judgment for labor violations. This development follows IPI's failure to comply with court orders, further jeopardizing its operational viability despite an unconfirmed funding agreement with IH Group. The Commonwealth Casino Commission affirms its authority to revoke IPI's license and ensure the continued viability of the Northern Mariana Islands' gaming industry.","focusai_entities":"Imperial Pacific International (IPI), Clear Management, Ramona Manglona, USA Fanter Corp., IH Group, Kyunam Kim, Commonwealth Casino Commission (CCC), Edward C. DeLeon Guerrero","focusai_location":"Northern Mariana Islands, Saipan, Garapan, US, South Korea","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"IPI License Future?","query":"What specific criteria and timelines would the Commonwealth Casino Commission apply in considering a new operator license for the Northern Mariana Islands, should IPI's license be revoked?"},{"label":"IH Group Funding Status?","query":"What is the current status of the IH Group's memorandum of agreement with IPI, and what are the implications for IPI's ability to meet its outstanding financial obligations and operational requirements?"}],"footnotes":""},"categories":[16336,439],"tags":[24134],"class_list":["post-32793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-legal-news","tag-imperial-pacific-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32793","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=32793"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32793\/revisions"}],"predecessor-version":[{"id":32810,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32793\/revisions\/32810"}],"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=32793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}