Clear Management is claiming payment of the commission on its auctions of IPI’s gaming equipment.<\/p>\n\n\n\n\n\n\n\n
Northern Mariana Islands.- Clear Management<\/strong> has requested the release of over US$35,000 in commission earned from its latest auctions<\/a> of Imperial Pacific International’s gaming equipment. As receiver, Clear Management is entitled to a 10 per cent commission on the proceeds of US$354,240 <\/strong>raised in the auctions.<\/p>\n\n\n\n Clear Management’s lawyer, Michael White<\/strong>, has requested the US District Court for the NMI authorise the release of the funds held in an escrow trust account by The Law Offices of Michael A. White, LLC.<\/p>\n\n\n\n The second auction<\/a> of IPI equipment attracted eight bidders, of which only four were successful. The total value of acceptable bids was US$252,092. In a third auction<\/a>, six bidders submitted bids for 14 lots. Of the three successful bidders, two were successful bidders from previous auctions and one was a new bidder. The total value of the accepted bids was US$101,550.<\/p>\n\n\n\n The Commonwealth Casino Commission (CCC) <\/strong>chairman Edward C. Deleon Guerrero<\/strong> has said that IPI now owes over US$55.4m<\/strong> in unpaid licence and regulatory fees. It has not paid its fees since 2020 due to the pandemic.<\/p>\n\n\n\n Guerrero said IPI owes the CCC more than US$46m in accrued US$15.5m annual license fees and US$9.4m for its US$3.1m annual regulatory fee. <\/p>\n","protected":false},"excerpt":{"rendered":" Clear Management is claiming payment of the commission on its auctions of IPI’s gaming equipment.<\/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,"footnotes":""},"categories":[16336,156],"tags":[24134],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003344"}],"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=777003344"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003344\/revisions"}],"predecessor-version":[{"id":777003366,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003344\/revisions\/777003366"}],"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=777003344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777003344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777003344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}IPI owes over US$55.4m in fees to CCC<\/h2>\n\n\n\n