{"id":777006166,"date":"2023-06-12T08:58:57","date_gmt":"2023-06-12T11:58:57","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777006166"},"modified":"2026-04-22T21:05:22","modified_gmt":"2026-04-23T00:05:22","slug":"clear-management-seeks-release-of-us21k-in-commission-from-ipi-auctions","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/clear-management-seeks-release-of-us21k-in-commission-from-ipi-auctions","title":{"rendered":"Clear Management seeks release of US$21K in commission from IPI auctions"},"content":{"rendered":"\n

The court-appointed receiver for Imperial Pacific International (IPI) has requested its commission for selling the company’s gaming equipment.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.-\u00a0Clear Management<\/strong>\u00a0has requested the release of US$21,056.20 in commission from its auctions of Imperial Pacific International\u2019s gaming equipment. Attorney Michael White submitted the motion for the disbursement on June 3. <\/p>\n\n\n\n

The motion referenced a court order from May 1, 2023, wherein the court approved the receiver’s report and\u00a0account of the fourth auction<\/a>.\u00a0The\u00a0bids received during the auction amounted to US$225,812<\/strong>. The amount received by Clear Management so far stands at US$184,062 as bidder David Albanese has yet to pay US$41,750 for his purchases, which totalled US$70,975.<\/p>\n\n\n\n

In addition to the auction proceeds, Clear Management also engaged in the sale of playing cards to Angel Playing Card company. White told Mariana’s Variety the initial deposit paid by APC was US$26,500, with an additional payment of US$607.20 made after the final number of playing cards was determined. Clear Management previously received a commission of US$607.20 but did not apply for a commission on the original deposit.<\/p>\n\n\n\n

Taking into account the actual sales receipts from the fourth auction, totalling US$184,062, and the amount received from Angel Playing Cards, the total upon which a sales commission is requested is US$210,562. Attorney Michael White asserted that Clear Management is entitled to a sales commission of 10 per cent<\/strong>, amounting to US$21,056.20.<\/p>\n\n\n\n

A week ago, Clear Management informed Chief Judge\u00a0Ramona V. Manglona<\/strong>\u00a0that it intends to hold\u00a0a negotiated bulk sale of IPI\u2019s remaining property<\/a>, subject to court approval. The sale would be held after the sixth auction of gaming equipment scheduled for August or early September.<\/p>\n","protected":false},"excerpt":{"rendered":"

The court-appointed receiver for Imperial Pacific International (IPI) has requested its commission for selling the company’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,"is_interview":false,"is_opinion":false,"focusai_summary":"The court-appointed receiver for Imperial Pacific International (IPI), Clear Management, has formally requested a commission of US$21,056.20 for the sale of the company's gaming equipment and playing cards. This request follows multiple auctions and private sales, with outstanding payments still pending from one bidder. Clear Management also announced plans for a negotiated bulk sale of IPI's remaining assets.","focusai_entities":"Imperial Pacific International, Clear Management, Michael White, David Albanese, Angel Playing Card company, Ramona V. Manglona","focusai_location":"Northern Mariana Islands","focusai_target_profile":"ceo_executive (0.8), regulator (0.9), compliance_legal (0.9), operator_casino (0.7), investor_analyst (0.8), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI Total Liabilities?","query":"What is the estimated total outstanding debt and liabilities of Imperial Pacific International, and what percentage of these are expected to be recovered through the ongoing asset liquidation?"},{"label":"Regulatory Impact NMI?","query":"What are the long-term regulatory and licensing implications for the Northern Mariana Islands' gaming market following the protracted collapse and asset disposition of Imperial Pacific International?"}],"footnotes":""},"categories":[16336,157],"tags":[24134],"class_list":["post-777006166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-imperial-pacific-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006166","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=777006166"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006166\/revisions"}],"predecessor-version":[{"id":777006192,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006166\/revisions\/777006192"}],"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=777006166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777006166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777006166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}