Saipan eyes casinos, video lottery to plug pension hole

    Published in: Latest Intelligence   In the face of mounting financial obligations, the government of the Northern Marianas, a Pacific island chain near Guam, is looking at raising revenues through casinos and other gaming activities. Governor Eloy S. Inos is considering various options including a casino even though Saipan voters have disapproved of such projects previously.   There are casinos located on the islands of Tinian and Rota however there are none on  Saipan, the most densely populated island where the capital is located.  For next fiscal year, the Commonwealth of the Northern Mariana Islands (CNMI) projects a budget of about $137.4 million, $14 million more than what the Inos administration submitted for the lawmakers’ consideration because of a tentative settlement reached in court relating to the Northern Marianas pension fund. The settlement comes after a retiree sued the government and the pension fund, which is projected to run out of money by March 1 next...

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