‘CCC-IPI settlement deal may take few more days’


Andrew Yeom

The Commonwealth Casino Commission board will hold their monthly meeting today, Thursday, and part of the agenda is the approval of a proposed agreement that will resolve CCC’s five complaints that seek to revoke Imperial Pacific International (CNMI) LLC’s exclusive casino license.

Also part of the agenda is consideration and approval of CCC executive director Andrew Yeom’s motion to dismiss the five complaints against IPI.

The board meeting will be at 10am at the CCC’s conference room at the Springs Plaza Building in Gualo Rai.

In response to Saipan Tribune’s inquiry, Yeom said yesterday that reaching a stipulated agreement with IPI may take a few more days.

“We’ll most likely have a special meeting once the agreement is executed,” Yeom said.

He reiterated that resolving issues with IPI is good for the CNMI’s tourism industry and the economy.

He said the most important thing is a solid assurance to complete IPI’s casino/resort building in Garapan.

Yeom filed the five complaints to revoke IPI’s casino license for alleged unwillingness to comply with the CCC’s final order in enforcement actions by not paying the $3.1 million annual regulatory fee and $15.5 million annual exclusive casino license fee, among other violations.

Ferdie De La Torre | Reporter
Ferdie Ponce de la Torre is a senior reporter of Saipan Tribune. He has a bachelor’s degree in journalism and has covered all news beats in the CNMI. He is a recipient of the CNMI Supreme Court Justice Award. Contact him at ferdie_delatorre@Saipantribune.com
Disclaimer: Comments are moderated. They will not appear immediately or even on the same day. Comments should be related to the topic. Off-topic comments would be deleted. Profanities are not allowed. Comments that are potentially libelous, inflammatory, or slanderous would be deleted.