{"id":33968,"date":"2022-09-30T07:23:38","date_gmt":"2022-09-30T10:23:38","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33968"},"modified":"2026-04-23T04:24:14","modified_gmt":"2026-04-23T07:24:14","slug":"part-of-ipi-inventory-to-be-repurchased-by-angel-playing-cards","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/part-of-ipi-inventory-to-be-repurchased-by-angel-playing-cards","title":{"rendered":"Part of IPI inventory to be repurchased by Angel Playing Cards"},"content":{"rendered":"\n

Angel Playing Cards will repurchase the 201 Super Angel Eye dealing shoes and unused decks that it sold to IPI.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.- IPI\u2019s receiver Clear Management Ltd<\/a> <\/strong>has announced the first transaction in its sale of Imperial Pacific International (CNMI) LLC\u2019s assets. And the buyer is the original seller. Angel Playing Cards<\/strong> (APC) will repurchase the 201 Super Angel Eye dealing shoes and unused decks that it originally sold to IPI. <\/p>\n\n\n\n

APC will pay $1,500 each for the shoes ($301,500 in total) and 10 cents per deck ($1.9m in total). According to Saipan Tribune, in 2016, IPI purchased 1,935,360 decks of playing cards <\/strong>from APC, with the final purchase and shipment of the deck taking place in January 2020. <\/p>\n\n\n\n

Playing cards, however, have a limited lifespan, and when casinos stop using them, they are often destroyed or cancelled, so the deck inventory is now less. In Clear Management’s view, there is little market for used playing cards because they cannot be used in casinos and are only used for training purposes.<\/p>\n\n\n\n

Clear Management and APC agreed that the proposed buyback price was reasonable<\/strong> and represented more than the maximum value they could achieve on the market.<\/p>\n\n\n\n

Earlier this month, 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. 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","protected":false},"excerpt":{"rendered":"

Angel Playing Cards will repurchase the 201 Super Angel Eye dealing shoes and unused decks that it sold to IPI.<\/p>\n","protected":false},"author":176,"featured_media":13627,"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 Ltd, as receiver for Imperial Pacific International (IPI), has executed the first asset sale, with Angel Playing Cards (APC) repurchasing 201 Super Angel Eye dealing shoes and approximately 19 million unused playing card decks for a total of $2.2 million. This transaction reflects the limited secondary market value for used gaming consumables. The Commonwealth Casino Commission (CCC) is actively monitoring the disposition of IPI's gaming assets to prevent their acquisition by unlicensed entities and ensure regulatory compliance.","focusai_entities":"Angel Playing Cards, IPI, Clear Management Ltd, Imperial Pacific International (CNMI) LLC, Commonwealth Casino Commission, Andrew Yeom, Saipan Tribune","focusai_location":"Northern Mariana Islands, Saipan","focusai_target_profile":"ceo_executive (0.8), regulator (1.0), compliance_legal (0.9), operator_casino (0.7), investor_analyst (0.8), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI Asset Valuation","query":"What is the estimated total recovery value for IPI's remaining gaming assets, and how does this initial transaction's valuation compare to the original acquisition costs?"},{"label":"Regulatory Asset Tracking","query":"What specific mechanisms and data points does the Commonwealth Casino Commission employ to track gaming assets post-liquidation to ensure they do not enter unlicensed operations?"}],"footnotes":""},"categories":[16336,157],"tags":[24134],"class_list":["post-33968","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\/33968","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=33968"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33968\/revisions"}],"predecessor-version":[{"id":34005,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33968\/revisions\/34005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/13627"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}