{"id":9602,"date":"2020-09-02T21:58:30","date_gmt":"2020-09-02T21:58:30","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=9602"},"modified":"2026-04-24T02:11:46","modified_gmt":"2026-04-24T05:11:46","slug":"pacific-rim-aims-to-seize-ipis-gaming-machines","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pacific-rim-aims-to-seize-ipis-gaming-machines","title":{"rendered":"Pacific Rim aims to seize IPI’s gaming machines"},"content":{"rendered":"\n

The developer has been piling on pressure aiming to seize funds and auction goods owned by the operator to cover unpaid debt.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.- Pacific Rim Land Development, the construction company which in 2018 won a lawsuit against Imperial Pacific International (IPI) for unpaid work at its Saipan casino, is pressing to seize funds and assets to cover the debts.<\/p>\n\n\n\n

After failing to obtain funds held in a private cage<\/a><\/em><\/strong> at IPI\u2019s casino, now the company has asked the federal court to order the US Marshals Service to seize assets owned by IPI, including vehicles and gaming machines.<\/p>\n\n\n\n

The Saipan Tribune said the developer is asking the court to auction confiscated equipment to settle the casino operator’s debts.<\/p>\n\n\n\n

Pacific Rim has won a lawsuit against IPI for breach of contract and breach of promissory note. In May, the court amended the ruling in favour of Pacific Rim to the tune of US$6.8 million, including the principal amount and attorneys’ fees and costs.<\/p>\n\n\n\n

The company was then allowed to seize funds<\/a><\/em><\/strong> from IPI in bank accounts at the Bank of Saipan, City Trust Bank, Bank of Guam, and First Hawaiian Bank.<\/p>\n\n\n\n

Pacific Rim attorney Colin Thompson says IPI still owes US$5.5m plus interest, costs, and fees.<\/p>\n","protected":false},"excerpt":{"rendered":"

The developer has been piling on pressure aiming to seize funds and auction goods owned by the operator to cover unpaid debt.<\/p>\n","protected":false},"author":2,"featured_media":9604,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Pacific Rim Land Development is actively pursuing the seizure and auction of Imperial Pacific International's (IPI) assets, including gaming machines and vehicles, to satisfy an outstanding debt of US$5.5 million. This action follows a 2018 lawsuit win against IPI for unpaid construction work at its Saipan casino, with previous attempts to seize funds from bank accounts proving insufficient. The federal court is being petitioned to order the US Marshals Service to facilitate the asset recovery.","focusai_entities":"Pacific Rim Land Development, Imperial Pacific International (IPI), US Marshals Service, Saipan Tribune, Bank of Saipan, City Trust Bank, Bank of Guam, First Hawaiian Bank, Colin Thompson","focusai_location":"Northern Mariana Islands, Saipan","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.9), operator_casino (0.9), payments_fraud_aml (0.7), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.8)","focusai_suggestions":[{"label":"IPI's Operational Viability?","query":"What is the projected impact of these asset seizures on Imperial Pacific International's ongoing operational viability and its ability to meet regulatory obligations in the Northern Mariana Islands?"},{"label":"Precedent for Creditors?","query":"Does this federal court-ordered asset seizure establish a precedent for other creditors seeking to recover debts from financially distressed iGaming operators, particularly concerning gaming-specific assets?"}],"footnotes":""},"categories":[16336,161,439,167],"tags":[22674,20802,4024],"class_list":["post-9602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-daily-news","category-legal-news","category-news-region","tag-ipi","tag-pacific-rim","tag-saipan"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9602","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=9602"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9602\/revisions"}],"predecessor-version":[{"id":9611,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9602\/revisions\/9611"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9604"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}