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Imperial Pacific expecting an increase in profit

Saipan casino operator Imperial Pacific International Holdings says it is expecting to record a substantial increase in profit for the six months ended June 30, 2016.

The profit in 16H1 would be a turnaround from a loss of HK$168.8 million ($21.8 million)

which was recorded in 15H1.

The company said the profit is mainly attributable to operating profits generated by the temporary casino, Best Sunshine - which opened on November 27, 2015.

As of the first quarter of 2016, the temporary casino had a total of 16 VIP gaming tables and 32 mass tables.

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