{"id":777015933,"date":"2024-05-29T09:33:06","date_gmt":"2024-05-29T12:33:06","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015933"},"modified":"2026-04-22T09:45:17","modified_gmt":"2026-04-22T12:45:17","slug":"ccc-to-discuss-ipi-bankruptcy-petition","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ccc-to-discuss-ipi-bankruptcy-petition","title":{"rendered":"CCC to discuss IPI bankruptcy petition"},"content":{"rendered":"\n

The commission will also discuss Senate Local Bill No. 23-05.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.- The remaining members of the Commonwealth Casino Commission (CCC) are scheduled to convene tomorrow (May 30) to discuss Imperial Pacific International (IPI)’s Chapter 11 bankruptcy filing<\/a>. The meeting will be held by the commission’s board chair, Edward C. DeLeon Guerrero<\/strong>, along with vice chair Rafael S. Demapan<\/strong> and commissioner Mariano Taitano<\/strong>.<\/p>\n\n\n\n

An executive session is planned, during which the commissioners will seek advice from legal counsel regarding both Chapter 11 reorganisation and Chapter 7 liquidation proceedings.<\/p>\n\n\n\n

Responding to inquiries from Saipan Tribune, Demapan clarified that despite vacancies for commissioners representing Tinian and Rota, the three commissioners representing Saipan constitute a quorum for the meeting.<\/p>\n\n\n\n

The terms of commissioners Ramon M. Dela Cruz<\/strong> of Tinian and\u00a0Martin Mendiola\u00a0<\/strong>of Rota expired on April 30. Governor Arnold I. Palacios<\/strong> has not yet nominated new commissioners<\/a>. <\/p>\n\n\n\n

The commissioners will also discuss Senate Local Bill 23-5<\/a>, which seeks to permit internet gaming on Tinian. Authored by Senator Jude U. Hofschneider, it proposes to grant the Tinian Casino Gaming Control Commission (TCGCC) the authority to issue 20-year internet gaming licences to investors interested in developing online gaming. The bill does not set a limit on the number of licences that the TCGCC can issue.<\/p>\n","protected":false},"excerpt":{"rendered":"

The commission will also discuss Senate Local Bill No. 23-05.<\/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 set to convene to discuss Imperial Pacific International's (IPI) Chapter 11 bankruptcy filing, seeking legal counsel on potential reorganization or liquidation. Concurrently, the commission will address Senate Local Bill 23-5, which proposes to authorize the Tinian Casino Gaming Control Commission (TCGCC) to issue unlimited 20-year internet gaming licenses on Tinian.","focusai_entities":"Commonwealth Casino Commission (CCC), Imperial Pacific International (IPI), Edward C. DeLeon Guerrero, Rafael S. Demapan, Mariano Taitano, Ramon M. Dela Cruz, Martin Mendiola, Governor Arnold I. Palacios, Senator Jude U. Hofschneider, Tinian Casino Gaming Control Commission (TCGCC)","focusai_location":"Northern Mariana Islands, Saipan, Tinian, Rota","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.8), affiliate_publisher (0.7), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"IPI Bankruptcy Impact?","query":"What are the potential ramifications for the Northern Mariana Islands' gaming market and regulatory framework should Imperial Pacific International proceed with Chapter 7 liquidation versus Chapter 11 reorganization?"},{"label":"Tinian iGaming Bill Scope?","query":"How might the proposed Senate Local Bill 23-5, granting the TCGCC authority to issue unlimited 20-year internet gaming licenses, impact the competitive landscape and regulatory oversight of the iGaming vertical in the Northern Mariana Islands?"}],"footnotes":""},"categories":[16336,154],"tags":[21613,24134],"class_list":["post-777015933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-legislation-news","tag-commonwealth-casino-commission","tag-imperial-pacific-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015933","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=777015933"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015933\/revisions"}],"predecessor-version":[{"id":777015938,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015933\/revisions\/777015938"}],"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=777015933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}