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Commonwealth Casino Commission disappointed by IPI

Chairman of the Commonwealth Casino Commission Edward DeLeon Guerrero has issued a public statement expressing disappointment in Saipan casino operator Imperial Pacific International.

“IPI needs to fulfill its obligations,” the statement begins, “not only to the people of the CNMI, but also to their employees, vendors, and other parties who are contracted to work with their organization. We are deeply disappointed in IPI’s decision to request an abatement of their annual license fee and casino regulatory fee.”

The statement continued, “The CCC is continuing its enforcement and investigations of its recent orders that encompass the entire range of any payables or contributions owed to public entities and prepared to seek all remedies under the CNMI gaming laws and under the Casino License Agreement as they relate to IPI’s nonpayment and other non-compliance matters.”

In early July, Guerrero told the media that he would have revoked a casino license for IPl already, if it hadn’t been for the need to follow due legal process.

Under the Casino License Agreement, IPI is required to pay US$15 million as an annual casino license fee and contribute US$20 million a year towards the community benefit fund, but has been unable to meet these obligations.

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