{"id":8539,"date":"2020-07-29T22:30:19","date_gmt":"2020-07-29T22:30:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=8539"},"modified":"2026-04-24T03:13:31","modified_gmt":"2026-04-24T06:13:31","slug":"cash-in-casino-cage-is-restricted-ipi-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/cash-in-casino-cage-is-restricted-ipi-says","title":{"rendered":"“Cash in casino cage is restricted,” IPI says"},"content":{"rendered":"\n

Pacific Rim had requested a court seize funds found in the cage during an inspection at Imperial Pacific Resort & Casino in Garapan.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.- \u00a0Imperial Pacific International\u2019s lawyer Michael Dotts has argued that cash held in the cage at Imperial Pacific Resort & Casino in Garapan is restricted, responding to demands for payment from former provider, Pacific Rim Land Development.<\/p>\n\n\n\n

Pacific Rim, which is pursuing payment for work done at the Garapan casino on Saipan island had requested the court seize funds found in the cage during an inspection.<\/p>\n\n\n\n

Dotts said in response: \u201cThis currency is subject to the payment of players who hold markers or chips or who have deposits in the cage\u201d<\/p>\n\n\n\n

\u201cThere are outstanding chips in the amount of US$536,277.50. There is also one player with verified winnings of US$845,470 deposited into the cage.\u201d<\/p>\n\n\n\n

According to Marina Variety, the cage is monitored by the Commonwealth Casino Commission. When a player tried to withdraw US$850,000 in verified winnings on July 7, he was not able to claim them due to insufficient funds.<\/p>\n\n\n\n

Pacific Rim was one of the developers working on IPI\u2019s resort construction in Garapan. It sued the operator<\/a><\/em><\/strong> after it allegedly refused to pay for work that had been done and was granted US$6.9 million in compensation.<\/p>\n\n\n\n

Pacific Rim later obtained a ruling in its favour to seize IPI funds from accounts in the Bank of Saipan, City Trust Bank, Bank of Guam, and First Hawaiian Bank. It was also recently authorised to conduct an inspection of the Garapan resort.<\/p>\n\n\n\n

After finding US$46,201 and $642,207 in various foreign currencies in the casino\u2019s cage, Pacific Rim requested the court seize those funds as well.<\/p>\n\n\n\n

Dotts earlier stated that IPI has satisfied about US$1.3 million of the judgment against it following the court\u2019s first and second writs of execution, but US$5.9 million has yet to be paid.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pacific Rim had requested a court seize funds found in the cage during an inspection at Imperial Pacific Resort & Casino in Garapan.<\/p>\n","protected":false},"author":2,"featured_media":8542,"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) is embroiled in a legal dispute with former developer Pacific Rim Land Development over US$5.9 million in unpaid compensation. Pacific Rim seeks to seize funds, including cash found in the Imperial Pacific Resort & Casino's cage, which IPI's lawyer argues is restricted for player liabilities such as outstanding chips and verified winnings. This situation highlights IPI's liquidity challenges and raises concerns regarding player fund segregation and regulatory oversight.","focusai_entities":"Imperial Pacific International, Pacific Rim Land Development, Imperial Pacific Resort & Casino, Michael Dotts, Commonwealth Casino Commission, Bank of Saipan, City Trust Bank, Bank of Guam, First Hawaiian Bank","focusai_location":"Northern Mariana Islands, Garapan, Saipan","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.9), payments_fraud_aml (0.85), investor_analyst (0.95), gambler_consumer (0.8), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI Liquidity Impact?","query":"What are the broader implications of Imperial Pacific International's liquidity challenges on its operational sustainability and its ability to meet future financial obligations, including potential impacts on its B2B licensing status?"},{"label":"Regulatory Oversight Efficacy?","query":"How will the Commonwealth Casino Commission respond to the reported inability of a player to withdraw verified winnings, and what measures will be implemented to ensure the robust segregation and availability of player funds in licensed operations?"}],"footnotes":""},"categories":[16336,439,158],"tags":[14213,20802,4024],"class_list":["post-8539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-legal-news","category-slider-home","tag-imperial-pacific","tag-pacific-rim","tag-saipan"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8539","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=8539"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8539\/revisions"}],"predecessor-version":[{"id":8550,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8539\/revisions\/8550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8542"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}