Imperial Palace assets<\/a> is now underway. Clear Management Ltd, as a court-appointed receiver, is selling equipment to reduce IPI’s debt. It’s offering slot machines, gaming tables, and more, and the final day for this round of six auctions is December 9.<\/p>\nIPI faces a separate $27M lawsuit over “discriminatory hiring practices.” A former employee filed the suit, adding that he suffered emotional distress and reputational harm. IPI has asked the courts to throw out the suit.<\/p>\n
Competition for the Shuttered Resort<\/h2>\n
IPI said earlier this year that it was working on receiving a large injection of funds. It was also negotiating a deal that would allow it to sell some of its resort accommodations to an independent company.<\/p>\n
That sale would allow it to reduce its debt, but the amount IPI said it would earn would only be possible if 100% of the units it sold were subsequently occupied 365 days a year. That isn’t a realistic scenario, and the opening of a new resort would make it even more difficult.<\/strong><\/p>\nThe Crowne Plaza Resort just held its opening on October 31. It offers 422 rooms and five restaurants, and the entire property is under the management of global hotel brand IHG Hotels & Resorts.<\/p>\n
What the resort doesn’t have, however, is a casino. Given the continued issues plaguing IPI, now is a good time for the CNMI to once again seriously reconsider<\/a> the company’s gaming exclusivity.<\/p>\n","protected":false},"excerpt":{"rendered":"Imperial Pacific International (IPI) continues to try to keep from losing its casino exclusivity in Saipan. It’s making progress as it pays off some of its multimillion-dollar debt linked to the Imperial Palace casino. That’s in hopes that the Commonwealth of Northern Mariana Islands (CNMI) shows leniency. IPI recently came into a lot of money […]<\/p>\n","protected":false},"author":64,"featured_media":240628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,33810],"tags":[82394,81913,13363],"acf":[],"yoast_head":"\n
Imperial Pacific International Settles Casino Workers' Compensation Claim - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n