CNMI Casino Commission eyes cash flow between IPI and parent company

Imperial Pacific International’s parent company, IPI Holdings, has been collecting “receivables” but not sharing them with its subsidiary on Saipan, the Commonwealth Casino Commission said.

Casino commission eyes IPI Holdings ‘receivables’ (Marianas Variety)

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Poor regulation undermines CNMI gaming industry

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IPI won’t contest CNMI casino license suspension

Imperial Pacific International does not oppose having the Commonwealth Casino Commission suspend its casino gaming license, admitting its failure to pay the US$40 million Community Benefit Fund contribution in 2018 and 2019, and failing to pay the US$15.5 million annual casino license fee, as required by the Casino License Agreement. Meanwhile, it has been acknowledged that Ray N. Yumul is not yet legally recognized as IPI CEO in Saipan.

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Imperial Pacific International has finally gotten its payroll payments up to date, at least in regard to those employees still residing in Saipan. 

IPI chairwoman again found in contempt of court

The US District Court for the NMI has found Imperial Pacific International Chair Cui Li Jie in contempt of court in one case, while assets of the firm face liquidation in another case.
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IPI chairwoman again under threat of jailing

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Bill seeks to allow second casino on Saipan as confidence in IPI wanes

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IPI workers begin returning to Turkey with five months’ salary unpaid

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