ordered IPI to pay US$5.65 million to Pacific Rim in a lawsuit for alleged breach of contract.<\/strong><\/em><\/a><\/p>\n\n\n\nIPI appealed to the Ninth Circuit in an attempt to reverse the order, which is still pending.\u00a0But as of Friday, Pacific Rim can collect its fine from IPI.\u00a0<\/p>\n\n\n\n
IPI counsel, Michael W. Dotts, said to the local press that if the judgment becomes enforceable while the appeal is pending, the company will be unable to pay it and could be forced to close its property.<\/p>\n\n\n\n
According to Dotts, IPI’s financial circumstances have been negatively impacted by the Covid-19 crisis. <\/p>\n\n\n\n
He noted that the closing of IPI would cause around 1,066 employees to be put out of work. <\/p>\n","protected":false},"excerpt":{"rendered":"
The casino operator said it would have to consider closing Imperial Pacific Saipan if it is forced to pay a recent US$5.65million fine.<\/p>\n","protected":false},"author":2,"featured_media":6701,"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) has issued a warning that it may be compelled to cease operations at its Imperial Pacific Saipan property if forced to pay a US$5.65 million judgment stemming from a contractual dispute with former contractor Pacific Rim. The company's counsel cites financial distress, exacerbated by the Covid-19 crisis, as the primary impediment to payment, with an appeal currently pending before the Ninth Circuit. A potential closure would result in the displacement of approximately 1,066 employees.","focusai_entities":"Imperial Pacific International (IPI), Pacific Rim, Ramona V. Mangola, Michael W. Dotts","focusai_location":"Saipan","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.8), operator_casino (0.8), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI License Implications?","query":"What are the specific regulatory and licensing implications for Imperial Pacific International's gaming license in Saipan should it declare insolvency or cease operations?"},{"label":"Ninth Circuit Appeal Timeline?","query":"What is the projected timeline for the Ninth Circuit appeal, and what are the potential legal and financial outcomes for IPI based on historical precedents for similar contractual disputes?"}],"footnotes":""},"categories":[160,28],"tags":[29,4024],"class_list":["post-6695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","tag-casino","tag-saipan"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6695","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=6695"}],"version-history":[{"count":7,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6695\/revisions"}],"predecessor-version":[{"id":21530,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6695\/revisions\/21530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/6701"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}