{"id":777024677,"date":"2025-03-31T09:44:37","date_gmt":"2025-03-31T12:44:37","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777024677"},"modified":"2026-04-22T00:19:45","modified_gmt":"2026-04-22T03:19:45","slug":"commonwealth-casino-commission-requests-us3-1m-budget","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/commonwealth-casino-commission-requests-us3-1m-budget","title":{"rendered":"Commonwealth Casino Commission requests US$3.1m budget"},"content":{"rendered":"\n

The CCC says the funds are needed to accomplish its duties and responsibilities effectively.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.- The CCC has submitted a budget request of US$3.1m for the fiscal year 2026. At the CCC’s regular monthly meeting, chairman Edward C. Deleon<\/strong> Guerrero <\/strong>said the funds were needed to allow the commission to accomplish its duties and responsibilities effectively and efficiently as mandated by Public Law 18-56, which legalised casino gaming on Saipan, as amended by P.L. 19-24 and P.L. 21-38.<\/p>\n\n\n\n

The proposed budget includes US$2,343,566 for personnel costs and US$806,434 for operational expenses. The commission also intends to hire 50 full-time employees, the same number of employees it had in previous annual appropriations.<\/p>\n\n\n\n

According to Mariana’s Variety, Deleon Guerrero said that the CCC understood the current situation of the CNMI’s gaming industry and saw a need to update the laws. Regarding the possibility of online gambling<\/a>, he said the CCC would need more resources to regulate.<\/p>\n\n\n\n

The CCC has been without income<\/strong> since the closure of Imperial Pacific International (IPI), which halted casino operations in March 2020 due to the Covid-19 pandemic. Since then, the CCC has not collected its annual regulatory fee of US$3.15m.<\/p>\n\n\n\n

IPI filed for Chapter 11 bankruptcy last April<\/a>, citing debts of over US$165.8m. Among the company\u2019s largest unsecured creditors are the CNMI Treasury, MCC International, the CCC, the law offices of Hughes Hubbard & Reed, Century Estate Investment, CNMI Division of Revenue and Taxation and Joshua Gray<\/a> with claims ranging from US$5.68m to US$62m.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Team King Investment wins bid for IPI casino assets<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

The CCC says the funds are needed to accomplish its duties and responsibilities effectively.<\/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) has requested a US$3.1 million budget for FY2026 to effectively fulfill its regulatory duties, including personnel and operational costs. This request comes as the CCC faces a significant revenue shortfall, having not collected its annual regulatory fee since Imperial Pacific International (IPI) ceased operations in March 2020 and subsequently filed for Chapter 11 bankruptcy. The commission also acknowledges the need to update gaming laws and would require additional resources to regulate potential online gambling.","focusai_entities":"Commonwealth Casino Commission, CCC, Edward C. Deleon Guerrero, Imperial Pacific International, IPI, CNMI Treasury, MCC International, Hughes Hubbard & Reed, Century Estate Investment, CNMI Division of Revenue and Taxation, Joshua Gray, Team King Investment","focusai_location":"Northern Mariana Islands, Saipan, CNMI","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.8), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"CCC Funding Impact","query":"What are the specific implications for regulatory oversight and market integrity in the CNMI if the CCC's FY2026 budget request is not fully met, particularly concerning the potential for new market entrants or the regulation of online gambling?"},{"label":"IPI Bankruptcy Resolution","query":"How will the ongoing Chapter 11 bankruptcy proceedings of Imperial Pacific International and the recent asset acquisition by Team King Investment impact the recovery of outstanding regulatory fees for the CCC and the overall restructuring of the Saipan gaming market?"}],"footnotes":""},"categories":[16336,157],"tags":[21613],"class_list":["post-777024677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-commonwealth-casino-commission"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024677","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=777024677"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024677\/revisions"}],"predecessor-version":[{"id":777024686,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777024677\/revisions\/777024686"}],"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=777024677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777024677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777024677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}