Imperial Pacific International Holdings announced it hopes to launch Imperial Pacific Resort on Saipan by 2017 Chinese New Year.
Northern Mariana Islands.- Imperial Pacific International Holdings Ltd announced it hopes to open the doors of its permanent casino resort on the Pacific island of Saipan, Imperial Pacific Resort, by 2017 Chinese New Year. The new gambling complex would be opened in stages.
“The board aims to commence opening of the Imperial Pacific Resort by 2017 Chinese New Year with the opening of the hotel tower by the end of March 2017,” reads Imperial Pacific’s unaudited interim report for the six months to June 30. The document was filed with the Hong Kong Stock Exchange as Imperial Pacific International Holdings Ltd is a Hong Kong-listed gaming investor.
The company’s interim report from the firm stated: “Construction of the town hotel, the Imperial Pacific Resort in Garapan, Saipan, has been progressing smoothly. An additional US$83 million (equivalent to HKD644.9 million) has been invested in design and construction of this super luxurious resort which has brought the total investment to US$143 million (equivalent to HKD1.11 billion) by the end of first half of 2016.”
The new gambling facility casino would feature around 200 to 300 gaming tables and 300 to 400 slot machines. The 350-suite resort is being designed by Steelman Partners LLP, which has been involved in the design of several large casinos in Asia and elsewhere.
Imperial Pacific declared that it would continue to allocate most of its resources to Saipan, where the company enjoys an exclusive casino license, granted in 2014. “In addition, the group is also actively looking for other investment opportunities around the world to develop tourist resort facilities (including gaming facilities).”