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FEATURE | 100 days report: Keeping our promises
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Casino commission hopes to get $3 1M in American Rescue Plan funds
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CHINAâS blacklisting of overseas gambling operations has prompted the Commonwealth Casino Commission to suspend the issuance of licenses for Imperial Pacific Internationalâs junket operators.
According to Slots casino.co.uk, “Junket operators are best described as a mixture of a travel agency, VIP hospitality service, and semi-banking firms. These companies have the objective of reaching out to high rollers and [providing] them with specialized offers to come and gamble at a particular casino.”
During the recent casino commissionâs hearing on enforcement actions against IPI, the commissioners issued Order 2021-003 that prohibits the issuance or renewal of licenses for junket activity.
CNMI gaming regulator orders indefinite suspension of IPI’s casino license
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The Commonwealth Casino Commission (CCC) of the Northern Mariana Islands has ordered the indefinite suspension of Imperial Pacific International (CNMI) LLC’s casino license.
The order, granted Thursday but expected to take effect from 10 May, follows five complaints filed recently by executive director Andrew Yeom against IPI for failure to comply with certain requirements under its license agreement.
Those five complaints specifically relate to IPI’s failure to pay its annual US$15.5 million license fee last August, failure to pay its annual US$3.1 million regulatory fee in October, failure to contribute US$20 million to the community benefit fund in both 2018 and 2019, failure to comply with its minimum US$2 billion capital requirement and failure to comply with a CCC order to pay all money owing to its vendors.
Casino commission suspends IPI gaming license, imposes $6 6M fine
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