Imperial Pacific extends construction timeframe

Credits: G3 Newswire
Credits: G3 Newswire

The operator reached a deal with the government in order to extend the timeframe given to complete construction of the facility.

US.- Imperial Pacific International Limited (IPI) negotiated with the Northern Mariana government to expand the timeframe to finish construction of the Imperial Pacific casino resort. The facility opened its doors last month, after several hurdles that included safety measures.

The Hong Kong developer achieved a five-year extension to finalise the Imperial Pacific Casino Resort. Whilst it was expected to be finished by August 2018, the deal allows IPI to finish on August 2023, with another phase in 2028. As radionz.co.nz reported, Imperial Pacific has agreed to pay the CNMI US$20 million in contributions in exchange of the extension. The payment goes to the Community Benefit Fund, as well as US$15 million in annual casino licensing fees.

The Commonwealth Casino Commission (CCO) granted IPI the permission to launch gaming operations at the Imperial Pacific Resorts late on June. IPI fulfilled the Commonwealth Casino Commission’s requirements as to health and safety regulations. Operators adapted the casino with new fire alarm system, as well as the company committed to hire personal for fire watch, an independent safety consultant and general clean up. The July 6 opening featured several construction workers protesting against the operator as they said that they didn’t get paid the last week of work.

In this article:
Imperial Pacific Northern Mariana Islands