{"id":33516,"date":"2022-09-15T02:51:50","date_gmt":"2022-09-15T05:51:50","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33516"},"modified":"2026-04-23T04:53:22","modified_gmt":"2026-04-23T07:53:22","slug":"ipi-equipment-auction-to-begin-on-october-7","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ipi-equipment-auction-to-begin-on-october-7","title":{"rendered":"IPI equipment auction to begin on October 7"},"content":{"rendered":"\n

Clear Management is in the process of working through the equipment inventory and will be auctioning a selection on a regular basis.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.- IPI\u2019s receiver\u00a0Clear Management Ltd<\/strong>\u00a0has announced that it will begin its auction of the casino operator\u2019s property on October 7. On the website www.gamingequipmentauction.com, Clear Management said it has accessed the inventory of the casino and has already spent time investigating the casino floor and secured areas.<\/p>\n\n\n\n

The inventory for auction comprises over 365 slot machines and 39 electronic table games, together with signage, bases, and slot stools.\u00a0There are over 240 gaming tables, high-end gaming utilities, 1,400 plus gaming chairs and various casino and cage equipment, including cash counters, safes, and chips.<\/p>\n\n\n\n

The gaming equipment ranges from three to eight years old\u00a0and some has not left the box it was delivered, including MD3 Shufflers from SG and TCS Huxley Roulette Wheels.\u00a0<\/p>\n\n\n\n

A week ago, Commonwealth Casino Commission<\/a> <\/strong>executive director Andrew Yeom<\/strong> stressed that the CCC must monitor the auction of casino operator Imperial Pacific International\u2019s gaming assets to monitor where items go.<\/p>\n\n\n\n

He told the Saipan Tribune that the movement of IPI\u2019s gaming assets in the jurisdiction is under CCC\u2019s purview and that the CCC needs to track game assets to ensure they don\u2019t fall into the hands of unlicensed operators.<\/p>\n\n\n\n

Yeom also said the regulator wants to ensure that <\/strong>any CCC labels and\/or seals on machines are removed<\/strong>. He also stressed that the CCC must be kept up to date on IPI\u2019s gaming equipment inventory.<\/p>\n\n\n\n

In August, Chief Justice Ramona Manglona lifted the stay on the limited receivership<\/a> previously granted to IPI, allowing the auction to go ahead. The judge granted a motion filed by seven workers to lift Imperial Pacific International\u2019s moratorium on the sale in compliance with a US bankruptcy judge\u2019s decision.<\/p>\n","protected":false},"excerpt":{"rendered":"

Clear Management is in the process of working through the equipment inventory and will be auctioning a selection on a regular basis.<\/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":"Clear Management, as receiver for Imperial Pacific International (IPI), is commencing an auction of IPI's gaming assets, including over 365 slot machines and 240 gaming tables, on October 7. The Commonwealth Casino Commission (CCC) is actively monitoring the sale to ensure regulatory compliance, prevent equipment from reaching unlicensed operators, and oversee the removal of official seals. This liquidation follows a lifted stay on IPI's limited receivership, enabling the sale to proceed.","focusai_entities":"Clear Management Ltd, Imperial Pacific International, Commonwealth Casino Commission, Andrew Yeom, Ramona Manglona, SG, TCS Huxley","focusai_location":"Northern Mariana Islands, Saipan","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.8), investor_analyst (0.85), supplier_vendor (0.75), journalist_researcher (0.95)","focusai_suggestions":[{"label":"CCC's Oversight Scope","query":"What specific mechanisms will the Commonwealth Casino Commission implement to track the ultimate destination of all auctioned gaming assets, particularly those leaving the Northern Mariana Islands jurisdiction?"},{"label":"Asset Valuation Impact","query":"How might the age and condition of the auctioned gaming equipment, including items still in original packaging, influence the final realized asset values and the recovery rates for IPI's creditors?"}],"footnotes":""},"categories":[16336,157],"tags":[24134,22674],"class_list":["post-33516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-imperial-pacific-international","tag-ipi"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33516","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=33516"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33516\/revisions"}],"predecessor-version":[{"id":33541,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33516\/revisions\/33541"}],"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=33516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}