{"id":777012196,"date":"2024-01-03T08:42:47","date_gmt":"2024-01-03T11:42:47","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777012196"},"modified":"2026-04-22T14:23:03","modified_gmt":"2026-04-22T17:23:03","slug":"contracter-says-ipi-should-pay-debts-before-having-casino-licence-restored","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/contracter-says-ipi-should-pay-debts-before-having-casino-licence-restored","title":{"rendered":"Contracter says IPI should pay debts before having casino licence restored"},"content":{"rendered":"\n<p>USA Fanter has written to the Commonwealth Casino Commission.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Northern Mariana Islands.-<strong>\u00a0Guocao Qian<\/strong>, the president of former <strong>Imperial Pacific International (IPI)<\/strong> contractor USA Fanter has insisted that the casino operator should be forced to pay debts before having its licence restored.<\/p>\n\n\n\n<p>In a letter to the Commonwealth Casino Commission&#8217;s (CCC), Qian highlighted the regulator&#8217;s June 2020 order on the matter. The order, signed by CCC chair <strong>Edward C. DeLeon Guerrero<\/strong>, mandates that IPI must pay any outstanding obligations to private entities, as ordered by a court of competent jurisdiction, and settle any debts more than 89 days old.<\/p>\n\n\n\n<p>In one lawsuit against IPI, USA Fanter was awarded US$500,000, plus post-judgment interest at 4.34 per cent per annum.\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/ipi-agrees-to-pay-usa-fanter-to-settle-lawsuit\" target=\"_blank\" rel=\"noreferrer noopener\">In another<\/a>, it was awarded $226,127, plus post-judgment interest at 4.76 per cent per annum. <\/p>\n\n\n\n<p><strong>Tony Mu\u00f1a<\/strong>, a general consultant for USA Fanter, confirmed during the board&#8217;s monthly meeting that he authored the letter on behalf of Qian.\u00a0US Fanter says selling IPI&#8217;s remaining assets will not be sufficient to satisfy creditors.<\/p>\n\n\n\n<p><strong>See also:\u00a0<\/strong><a href=\"https:\/\/focusgn.com\/asia-pacific\/ipi-licence-revocation-hearing-to-take-place-on-january-31\" target=\"_blank\" rel=\"noreferrer noopener\">IPI licence revocation hearing to take place on January 31<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USA Fanter has written to the Commonwealth Casino Commission.<\/p>\n","protected":false},"author":176,"featured_media":18411,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"USA Fanter, a former contractor for Imperial Pacific International (IPI), has formally requested the Commonwealth Casino Commission (CCC) to enforce its June 2020 order, mandating IPI settle outstanding debts before its casino license is reinstated. This action underscores the critical importance of B2B payment obligations within regulatory compliance frameworks, particularly as IPI faces a license revocation hearing.","focusai_entities":"USA Fanter, Guocao Qian, Imperial Pacific International (IPI), Commonwealth Casino Commission (CCC), Edward C. DeLeon Guerrero, Tony Mu\u00f1a","focusai_location":"Northern Mariana Islands","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.95), operator_casino (0.85), investor_analyst (0.9), supplier_vendor (0.95), journalist_researcher (0.9)","focusai_suggestions":[{"label":"CCC Enforcement Scope","query":"What specific enforcement mechanisms, beyond license revocation, can the Commonwealth Casino Commission deploy to ensure IPI's compliance with its financial obligations to B2B contractors?"},{"label":"IPI Asset Recovery","query":"Given USA Fanter's assertion that IPI's remaining assets are insufficient, what is the estimated shortfall for all creditors, and what is the CCC's strategy for ensuring equitable asset recovery?"}],"footnotes":""},"categories":[16336,157],"tags":[24134],"class_list":["post-777012196","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\/777012196","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=777012196"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012196\/revisions"}],"predecessor-version":[{"id":777012227,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012196\/revisions\/777012227"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18411"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}