{"id":777000742,"date":"2022-12-06T13:06:12","date_gmt":"2022-12-06T16:06:12","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777000742"},"modified":"2026-04-23T02:19:00","modified_gmt":"2026-04-23T05:19:00","slug":"second-auction-of-ipi-gaming-equipment-to-take-place-on-december-9","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/second-auction-of-ipi-gaming-equipment-to-take-place-on-december-9","title":{"rendered":"Second auction of IPI gaming equipment to take place on December 9"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The second auction will include gaming tables and slot machines.<\/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 announced that it will begin the second auction of the casino operator\u2019s property on Friday (December 9). The inventory published at www.gamingequipmentauction.com comprises Aristocrat Helix slot machines, Bee-tek electronic dealing shoes, banknote counters and gaming tables, among other products.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the receiver, all the products are in working order. A third auction will take place on January 6 2023.&nbsp;In the first auction in October, <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/cnmi-court-approves-ipi-gaming-equipment-sale-worth-410000\" target=\"_blank\">Clear Management sold IPI gaming equipment worth $410,000<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, IPI is&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/ipi-seeks-new-investors-to-fund-casino-reopening\" target=\"_blank\">looking for investors<\/a>&nbsp;to help it reopen its casino in Saipan next year. Speaking at the Commonwealth Casino Commission board\u2019s monthly meeting, Xing said an investor was expected to come on board soon and that IPI would be able to open its casino in the first half of the year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Asked by CCC chair&nbsp;<strong>Edward C. Deleon Guerrero<\/strong>&nbsp;when IPI would appoint a chief executive officer, Zing said any major investor would be involved in the decision. However, Deleon Guerrero said the appointment of a CEO should come first along with guidance on how IPI will fulfil its commitments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The second auction will include gaming tables and slot machines.<\/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":"Clear Management Ltd, IPI's receiver, is conducting a second auction of gaming equipment, including Aristocrat slot machines, as part of the ongoing liquidation process in the Northern Mariana Islands. Concurrently, IPI is actively seeking new investors to facilitate the reopening of its Saipan casino in H1 2023, though the Commonwealth Casino Commission emphasizes the prerequisite appointment of a CEO and a clear plan for fulfilling commitments.","focusai_entities":"IPI, Clear Management Ltd, Aristocrat, Bee-tek, Commonwealth Casino Commission, Edward C. Deleon Guerrero, Xing","focusai_location":"Northern Mariana Islands, Saipan","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.85), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI Reopening Viability?","query":"What specific regulatory and financial milestones must IPI achieve beyond securing an investor and appointing a CEO to satisfy the Commonwealth Casino Commission for a H1 2023 reopening?"},{"label":"Asset Auction Impact?","query":"How does the ongoing liquidation of IPI's gaming assets by Clear Management Ltd impact the valuation of potential new investment into the distressed operator, and what is the projected recovery rate for creditors?"}],"footnotes":""},"categories":[16336,157],"tags":[24134],"class_list":["post-777000742","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\/777000742","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=777000742"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000742\/revisions"}],"predecessor-version":[{"id":777000780,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000742\/revisions\/777000780"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777000742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777000742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777000742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}