{"id":35386,"date":"2022-11-14T12:57:40","date_gmt":"2022-11-14T15:57:40","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=35386"},"modified":"2026-04-23T03:00:08","modified_gmt":"2026-04-23T06:00:08","slug":"ipi-could-resume-gaming-operations-in-first-quarter-of-2023","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ipi-could-resume-gaming-operations-in-first-quarter-of-2023","title":{"rendered":"IPI could resume gaming operations in first quarter of 2023"},"content":{"rendered":"\n

The company is confident that it could reopen its casino if it reaches an agreement with the CCC.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.- Faced with lawsuits and calls for its licence to be revoked, Imperial Pacific International<\/a> (IPI) now says it could resume operations <\/strong>at its casino on Saipan in the first quarter of 2023<\/strong>. That’s if it can reach an agreement with the Commonwealth Casino Commission (CCC).<\/p>\n\n\n\n

According to Asian Gaming Brief, IPI has proposed changes to the Commonwealth of the Northern Mariana Islands (CNMI) regulatory framework. It wants to replace its annual licence fee with a gaming licence fee based on a percentage of its net profit (with preset minimum and maximum amounts). It also seeks to separate the operation and regulation of IPI’s hotels from its casino operations.<\/p>\n\n\n\n

The company also hopes to negotiate a waiver of license fees from 2020 and 2021 and a reduction in the amount paid at the end of the term of its casino licence agreement. IPI has also asked for the dismissal of the ongoing CNMI Supreme Court case and the CCC order that resulted in the suspension of its casino operations<\/a>.<\/p>\n\n\n\n

In June and July, IPI and the CCC held meetings in search of an agreement, but negotiations stalled in August. The regulator began licence revocation proceedings<\/a> as a result of IPI\u2019s failure to meet its commitments<\/a>, including payment of its annual fees for its exclusive casino licence, regulatory fees and key employee licensing fees. <\/p>\n\n\n\n

In May, the company reported it had signed a memorandum of agreement<\/a> with South Korea\u2019s IH Group<\/strong> to 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","protected":false},"excerpt":{"rendered":"

The company is confident that it could reopen its casino if it reaches an agreement with the CCC.<\/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) proposes a revised regulatory framework to the Commonwealth Casino Commission (CCC) to facilitate the reopening of its Saipan casino in Q1 2023. Key proposals include a shift from fixed annual license fees to a percentage of net profit, separation of hotel and casino operations, and waivers for past fees, amidst ongoing license revocation proceedings and a pending funding agreement with IH Group.","focusai_entities":"Imperial Pacific International (IPI), Commonwealth Casino Commission (CCC), Asian Gaming Brief, IH Group","focusai_location":"Northern Mariana Islands, Saipan, Garapan","focusai_target_profile":"ceo_executive (0.95), regulator (1.0), compliance_legal (0.95), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI's Regulatory Proposal Viability?","query":"What is the Commonwealth Casino Commission's official stance on IPI's proposed regulatory framework changes, particularly the shift to a net profit-based gaming license fee and the separation of hotel and casino operations?"},{"label":"IH Group Funding Status?","query":"What are the specific terms and conditions of the Memorandum of Agreement with South Korea's IH Group, and what is the current status of the funding disbursement required to meet IPI's obligations and facilitate reopening?"}],"footnotes":""},"categories":[16336,28],"tags":[24134],"class_list":["post-35386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-casino-news","tag-imperial-pacific-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35386","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=35386"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35386\/revisions"}],"predecessor-version":[{"id":35419,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35386\/revisions\/35419"}],"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=35386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=35386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=35386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}