{"id":777004860,"date":"2023-05-03T13:52:44","date_gmt":"2023-05-03T16:52:44","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777004860"},"modified":"2026-04-22T22:20:14","modified_gmt":"2026-04-23T01:20:14","slug":"ccc-to-continue-monitoring-auctions-of-ipi-gaming-assets","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ccc-to-continue-monitoring-auctions-of-ipi-gaming-assets","title":{"rendered":"CCC to continue monitoring auctions of IPI gaming assets"},"content":{"rendered":"\n

CCC vice chairman Ralph S. Demapan said the commission still has an interest in some of the gaming assets that have the Commonwealth seal.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.- The Commonwealth Casino Commission (CCC) <\/strong>will continue to closely monitor auctions of Imperial Pacific International’s gaming assets. In a meeting held on Tuesday (May 2), CCC vice chairman Ralph S. Demapan<\/strong> said the commission was working with IPI’s security guards as it still has an interest in some of the gaming assets bearing the Commonwealth seal.<\/p>\n\n\n\n

Demapan clarified that the items being auctioned were only gaming assets. The next auction is scheduled for June. Meanwhile, chairman Edward C. Deleon Guerrero <\/strong>said commissioners needed to identify all the individuals involved beyond IPI’s security guards.<\/p>\n\n\n\n

Guerrero added that IPI should track the gaming equipment being sold<\/strong> and negotiate with the court-appointed receiver, Clear Management<\/strong>. Demapan said Clear Management should have a complete inventory of the gaming assets <\/strong>based on his conversations with IPI’s security guards and that anything sold would be itemised.<\/p>\n\n\n\n

In October 2021, Chief Judge Ramona V. Manglona appointed Clear Management as the receiver to sell IPI’s gaming equipment to satisfy a judgment awarded to USA Fanter Corporation. USA Fanter sued IPI<\/a> for failing to pay the full amount under a construction contract for labour and materials provided for the improvement of IPI’s property in Garapan.<\/p>\n\n\n\n

Clear Management announced that the fourth auction of gaming equipment<\/a> raised more than US$225,000. The auction concluded on March 31 with acceptable bids on 22 out of 31 lots. <\/p>\n","protected":false},"excerpt":{"rendered":"

CCC vice chairman Ralph S. Demapan said the commission still has an interest in some of the gaming assets that have the Commonwealth seal.<\/p>\n","protected":false},"author":176,"featured_media":26855,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Commonwealth Casino Commission (CCC) is actively monitoring the auction of Imperial Pacific International's (IPI) gaming assets in the Northern Mariana Islands, which are being liquidated by court-appointed receiver Clear Management to satisfy a judgment. The CCC is particularly interested in assets bearing the Commonwealth seal and is seeking a comprehensive inventory to ensure proper governance and oversight during the disposition process.","focusai_entities":"Commonwealth Casino Commission (CCC), Ralph S. Demapan, Imperial Pacific International (IPI), Edward C. Deleon Guerrero, Clear Management, Ramona V. Manglona, USA Fanter Corporation","focusai_location":"Northern Mariana Islands, Garapan","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.8), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.95)","focusai_suggestions":[{"label":"IPI Asset Valuation","query":"What is the estimated total market value of Imperial Pacific International's remaining gaming assets, and how does the current auction realization compare to initial appraisals?"},{"label":"Regulatory Precedent","query":"What precedent does the CCC's active monitoring and interest in \"Commonwealth seal\" assets set for future regulatory oversight in cases of operator insolvency or asset disposition?"}],"footnotes":""},"categories":[16336,157],"tags":[21613,24134],"class_list":["post-777004860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-commonwealth-casino-commission","tag-imperial-pacific-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004860","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=777004860"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004860\/revisions"}],"predecessor-version":[{"id":777004872,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004860\/revisions\/777004872"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26855"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}