Imperial Pacific reports a volume of US$1.7 billion in June

The Saipan casino operation of Imperial Pacific International Holdings Ltd revealed the results in a filing to the Hong Kong Stock Exchange.

Northern Mariana Islands.- The Saipan casino operation of Imperial Pacific International Holdings Ltd reported in June a volume of nearly US$1.66 billion, according to the company’s filing to the Hong Kong Stock Exchange.

Imperial Pacific has been licensed in Saipan, the main island of the Commonwealth of the Northern Mariana Islands. The company has been operating a temporary casino on Saipan since November.

“While we think most of the incremental VIP softness can be lumped into a bucket that includes factors like anti-corruption and economic weakness, it is getting harder to ignore the likely impact of jurisdictions like Saipan,” said Grant Govertsen, Union Gaming Securities Asia Ltd analyst.

A report from Morgan Stanley group, outlined that: “Regions outside of Macau are being helped by new casino openings (Vladivostok and Saipan) and better junket terms.”