{"id":4538,"date":"2020-03-17T11:38:39","date_gmt":"2020-03-17T11:38:39","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=4538"},"modified":"2026-04-24T07:01:29","modified_gmt":"2026-04-24T10:01:29","slug":"imperial-pacific-casino-closure","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/imperial-pacific-casino-closure","title":{"rendered":"Imperial Pacific announces temporary casino closure"},"content":{"rendered":"\n<p>Operator closes the doors to its casino on the island of Saipan due to Coronavirus. <\/p>\n\n\n\n<!--more-->\n\n\n\n<p><a href=\"https:\/\/focusgn.com\/wp-admin\/admin-ajax.php?action=like_articles&amp;post=57315&amp;user=140\"><\/a>Northern Mariana Islands.-\u00a0 Imperial Pacific International, which operates the only casino on the island of Saipan, has announced it will close the doors to the property due to Coronavirus. <\/p>\n\n\n\n<p>According to <em>Asian Gaming Brief<\/em>, the casino will be shut until further notice to support the public effort to control the deadly virus.&nbsp;<\/p>\n\n\n\n<p>Prior to announcing the closure, the company reduced work hours for staff at its Imperial Palace Resort by 30% due to the \u201cimpact on travel demands throughout all of Asia\u201d from the Coronavirus outbreak.&nbsp;<\/p>\n\n\n\n<p>Last week, the casino developer warned that it <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/imperial-pacific-casino-loss\">expects net losses<\/a><\/em><\/strong> to increase for the full year of 2019.<\/p>\n\n\n\n<p>The company reported a net loss of HKD2.97 billion (\u20ac336million) for FY18, compared to a profit of HKD637.5 million (\u20ac72million) in 2017.<\/p>\n\n\n\n<p>\u201cThe expected increase in net loss is mainly attributable to the considerable decrease in total revenue and gross profit and the impairment of trade receivables,\u201d the Hong Kong-based firm said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Operator closes the doors to its casino on the island of Saipan due to Coronavirus.<\/p>\n","protected":false},"author":2,"featured_media":4566,"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 has indefinitely closed its Imperial Palace Resort casino in Saipan due to the Coronavirus outbreak, impacting travel demand across Asia. This closure follows a significant reduction in staff hours and an anticipated increase in net losses for FY19, exacerbating pre-existing financial challenges for the operator.","focusai_entities":"Imperial Pacific International, Asian Gaming Brief, Imperial Palace Resort","focusai_location":"Saipan, Northern Mariana Islands, Asia, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI's Financial Outlook?","query":"What is the projected impact of this extended closure on Imperial Pacific International's liquidity and long-term solvency, particularly given its pre-existing financial distress and significant net losses?"},{"label":"Saipan Regulatory Response?","query":"How will the Northern Mariana Islands' regulatory body respond to the indefinite closure of its sole casino operator, and what are the implications for the island's gaming licensing framework and economic stability?"}],"footnotes":""},"categories":[160,28,16331],"tags":[29,7299],"class_list":["post-4538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-elsewhere-news","tag-casino","tag-coronavirus"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4538","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=4538"}],"version-history":[{"count":8,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4538\/revisions"}],"predecessor-version":[{"id":21531,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4538\/revisions\/21531"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4566"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=4538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}