{"id":34488,"date":"2022-10-17T09:40:46","date_gmt":"2022-10-17T12:40:46","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=34488"},"modified":"2026-04-23T03:53:23","modified_gmt":"2026-04-23T06:53:23","slug":"cnmi-court-grants-apc-acquisition-of-part-of-ipi-inventory","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/cnmi-court-grants-apc-acquisition-of-part-of-ipi-inventory","title":{"rendered":"CNMI Court grants APC acquisition of part of IPI inventory"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Angel Playing Cards (APC) has acquired 201 Super Angel Eye dealing shoes to IPI for $301,500.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Northern Mariana Islands.- IPI\u2019s receiver&nbsp;<strong>Clear Management Ltd<\/strong>&nbsp;has reported&nbsp;that&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/part-of-ipi-inventory-to-be-repurchased-by-angel-playing-cards\" target=\"_blank\">Angel Playing Cards<\/a>&nbsp;(APC) has repurchased 201 Super Angel Eye dealing shoes amounting to $301,500. Attorney Michael White representing Clear Management and attorney Richard Miller representing APC signed the deal.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Chief justice <strong>Ramona Manglona<\/strong> has approved the transaction and granted the request of attorney Michael White to have the funds transferred and held in an escrow trust account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">IPI\u2019s receiver&nbsp;<strong>Clear Management Ltd<\/strong>&nbsp;began its&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/ipi-equipment-auction-to-begin-on-october-7\" rel=\"noreferrer noopener\">auction of the casino operator\u2019s property<\/a>&nbsp;on October 7. The inventory for auction comprises over 365 slot machines and 39 electronic table games, together with signage, bases, and slot stools. There 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<p class=\"wp-block-paragraph\">In August, Manglona&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/federal-court-lifts-stay-on-sale-of-ipi-casino-assets\" target=\"_blank\">lifted the stay on the limited receivership<\/a>&nbsp;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":"<p>Angel Playing Cards (APC) has acquired 201 Super Angel Eye dealing shoes to IPI for $301,500.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Angel Playing Cards (APC) has repurchased 201 Super Angel Eye dealing shoes from Imperial Pacific International's (IPI) receiver, Clear Management Ltd, for $301,500. This court-approved transaction is part of a broader asset auction of IPI's casino property in the Northern Mariana Islands, following the lifting of a receivership stay. The sale proceeds will be held in an escrow trust account, signaling progress in the liquidation of IPI's gaming assets.","focusai_entities":"Angel Playing Cards (APC), IPI (Imperial Pacific International), Clear Management Ltd, Michael White, Richard Miller, Ramona Manglona","focusai_location":"Northern Mariana Islands","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.9), operator_casino (0.8), investor_analyst (0.85), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI Asset Valuation?","query":"What is the estimated total valuation of IPI's remaining assets being auctioned, and how does this compare to outstanding liabilities?"},{"label":"APC Strategic Rationale?","query":"What is Angel Playing Cards' strategic rationale for repurchasing its own used equipment from a distressed operator's auction, and what are the implications for its B2B market strategy?"}],"footnotes":""},"categories":[16336,157],"tags":[24134],"class_list":["post-34488","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-business-news","tag-imperial-pacific-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34488","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=34488"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34488\/revisions"}],"predecessor-version":[{"id":34508,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/34488\/revisions\/34508"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=34488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=34488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=34488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}