{"id":777010644,"date":"2023-10-27T06:53:41","date_gmt":"2023-10-27T09:53:41","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777010644"},"modified":"2026-04-22T16:45:26","modified_gmt":"2026-04-22T19:45:26","slug":"ipi-given-30-days-to-pay-us62m-in-casino-licence-fees","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ipi-given-30-days-to-pay-us62m-in-casino-licence-fees","title":{"rendered":"IPI given 30 days to pay US$62m in casino licence fees"},"content":{"rendered":"\n

The Commonwealth Casino Commission says that if IPI doesn’t pay, its licence could be revoked.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.-\u00a0The Commonwealth Casino Commission (CCC)<\/strong>\u00a0has determined that\u00a0Imperial Pacific International (IPI)<\/strong>\u00a0must pay US$62m in casino licence fees to the CNMI government within 30 days. The regulator said that failure to do so could result in the revocation of IPI’s exclusive casino licence.<\/p>\n\n\n\n

The decision was made during a CCC meeting chaired by Edward C. Deleon Guerrero<\/strong> and attended by vice chairman Ralph S. Demapan and commissioners Ramon Dela Cruz, Mario Taitano, and Martin Mendiola.\u00a0According to Mariana’s Variety, the CCC established the deadline following a directive from the Supreme Court to determine a reasonable timeframe for IPI to settle its outstanding fees.<\/p>\n\n\n\n

According to the CCC, IPI owes the CNMI government US$15.5m a year for its exclusive casino licence fees for the years 2020, 2021, 2022, and 2023, giving a total of US$62m. The 30 days will commence once IPI formally acknowledges receipt of the CCC’s order, which is expected to be issued on Monday.<\/p>\n\n\n\n

The CCC had provided an opportunity to IPI director\u00a0How Yo Chi<\/strong>\u00a0to present a payment proposal, but Chi said the licence’s suspension made it difficult for IPI to define a timeline.\u00a0Chi offered to pay US$6m per year for two to four years during a “transition period” to allow IPI to resume casino operations and complete its hotel project,\u00a0which has been inactive since March 2020<\/a>. He said a Japanese investor has pledged US$350m for the casino-hotel project, contingent on IPI retaining its licence.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Commonwealth Casino Commission says that if IPI doesn’t pay, its licence could be revoked.<\/p>\n","protected":false},"author":176,"featured_media":777009863,"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) faces potential revocation of its exclusive casino license in the Commonwealth of Northern Mariana Islands (CNMI) if it fails to pay US$62 million in outstanding B2C licensing fees within 30 days, as mandated by the Commonwealth Casino Commission (CCC). IPI's proposal for a deferred payment plan, contingent on resuming operations and securing new investment, was not accepted by the regulator. This decision underscores the stringent enforcement of regulatory compliance within the jurisdiction.","focusai_entities":"Imperial Pacific International (IPI), Commonwealth Casino Commission (CCC), Edward C. Deleon Guerrero, Ralph S. Demapan, Ramon Dela Cruz, Mario Taitano, Martin Mendiola, How Yo Chi","focusai_location":"Northern Mariana Islands","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Regulatory Precedent Impact?","query":"What are the broader implications for other operators in emerging jurisdictions regarding regulatory fee compliance and the security of their B2C licenses, given the CCC's firm stance?"},{"label":"CNMI Market Outlook?","query":"How might the potential revocation of IPI's exclusive license impact the CNMI's projected Gross Gaming Revenue (GGR) and its attractiveness for future capital investment in the gaming sector?"}],"footnotes":""},"categories":[16336,439],"tags":[21613,24134],"class_list":["post-777010644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-legal-news","tag-commonwealth-casino-commission","tag-imperial-pacific-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010644","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=777010644"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010644\/revisions"}],"predecessor-version":[{"id":777041069,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010644\/revisions\/777041069"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777009863"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}