{"id":33270,"date":"2022-09-06T05:30:20","date_gmt":"2022-09-06T08:30:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33270"},"modified":"2026-04-23T05:10:12","modified_gmt":"2026-04-23T08:10:12","slug":"ipi-workers-expect-to-be-paid-on-friday","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ipi-workers-expect-to-be-paid-on-friday","title":{"rendered":"IPI workers expect to be paid on Friday"},"content":{"rendered":"\n<p>IPI says employees will receive two paychecks on Friday (September 9).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Northern Mariana Islands.- <strong>Imperial Pacific International <\/strong>seems to be planning to catch up on wage payments owed to its remaining employees on Friday (September 9). An IPI employee has told Mariana&#8217;s Variety the company has promised that workers will receive two paychecks. Employees weren&#8217;t paid as scheduled on August 26<\/p>\n\n\n\n<p>IPI has <strong>14 remaining employees<\/strong>, including seven security guards at its unfinished hotel in Saipan and administrative staff at Sadog Tasi.<\/p>\n\n\n\n<p>In August it, <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/ipi-now-has-only-seven-security-guards-in-saipan\" target=\"_blank\">some of the casino operator\u2019s security staff<\/a>\u00a0stopped reporting for work due to payroll delays. One guard had said he was working almost 24 hours a day to protect IPI\u2019s casinos, luxury villas and unfinished hotel complex due to staff shortages.<\/p>\n\n\n\n<p>The security guard added that IPI\u2019s warehouses in Tanapag, San Antonio and Lower Base no longer have their own security staff and had hired the services of a Bangladeshi-owned security agency.&nbsp;&nbsp;<\/p>\n\n\n\n<p>In May, IPI reported it had signed&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/imperial-pacific-claims-its-signed-a-deal-with-ih-group\" rel=\"noreferrer noopener\">a memorandum of agreement<\/a>&nbsp;with&nbsp;<strong>South Korea\u2019s IH Group<\/strong>&nbsp;to secure funding to help it reopen its casino in Garapan and pay some of its obligations, including payroll and outstanding payables to vendors.<\/p>\n\n\n\n<p>However, so far there has been no news regarding the agreement between the companies although IH Group chairman Kyunam Kim said they were still &#8220;carefully reviewing&#8221; the agreement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Sale of IPI assets still pending court approval<\/h2>\n\n\n\n<p><strong>Chief Justice Ramona Manglona<\/strong>&nbsp;had&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/federal-court-lifts-stay-on-sale-of-ipi-casino-assets\" rel=\"noreferrer noopener\">ordered Clear Management to proceed with its auction of IPI assets<\/a>&nbsp;on August 30. However, the sale remains pending as Manglona has yet to approve the items that will be put up for sale.<\/p>\n\n\n\n<p>The court previously found that IPI violated a stay agreement on the sale by failing to come up with an agreed&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/ipi-to-provide-supersedeas-bond-in-lawsuit-filed-by-usa-fanter\" rel=\"noreferrer noopener\">appeal bond<\/a>&nbsp;for the judgement in a lawsuit filed by USA Fanter Corp. The plaintiffs therefore 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>A status conference on the matter will be scheduled sometime in September.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IPI says employees will receive two paychecks on Friday (September 9).<\/p>\n","protected":false},"author":176,"featured_media":25907,"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 attempting to address overdue payroll for its remaining 14 employees amidst severe financial distress. This situation unfolds as a proposed funding agreement with South Korea's IH Group remains unconfirmed, and the court-ordered auction of IPI's assets is pending judicial approval, highlighting critical operational and solvency challenges.","focusai_entities":"Imperial Pacific International, IPI, Mariana\u2019s Variety, IH Group, Kyunam Kim, Clear Management, Ramona Manglona, USA Fanter Corp.","focusai_location":"Northern Mariana Islands, Saipan","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.85), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Asset Sale Timeline?","query":"What is the specific timeline for Chief Justice Manglona's approval of IPI's asset sale, and what are the implications for creditor recovery and market stability?"},{"label":"Total Outstanding Liabilities?","query":"Beyond payroll, what is the total outstanding liability to vendors and other creditors, and how will the proposed asset sale or IH Group funding address these obligations?"}],"footnotes":""},"categories":[16336,157],"tags":[24134],"class_list":["post-33270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-imperial-pacific-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33270","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=33270"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33270\/revisions"}],"predecessor-version":[{"id":33273,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33270\/revisions\/33273"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25907"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}