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Imperial Pacific reports best monthly VIP roll to date

Hong Kong-listed Imperial Pacific says its temporary casino on the island of Saipan took in $3.95 billion in VIP rollings in September, its best month since opening.

The figure tops the previous high set in April of $3.18 billion, after which the casino reported several months of declining or flat VIP roll.

The company has previously warned that until more facilities come online, further growth is likely to be limited due to capacity constraints at the temporary casino.

Commenting on the sidelines of the company’s recent results announcement, CEO Mark Brown said that, as a conservative estimate, both rolling chip volume and also profits could double when the casino is fully open.

The new resort is scheduled to open early in 2017. The Grand Mariana hotel is scheduled to have 350 hotel rooms and 15 villas. The casino will open with 300 tables, 180 VIP only, and 500 slot machines.

For the first half of this year, total revenue reached HK$3.98 billion ($513 million), with revenue from VIP gaming operations making up the bulk at HK$3.82 billion. Mass gaming operations generated HK$122.2 million, while slots and ETGs came in at HK$26.8 million. Adjusted EBITDA was HK$1.24 billion, compared with a loss on that basis of HK$82.59 million.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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