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IPI’s $2.4M bond released to USA Fanter

Now that the U.S. Court of Appeals has ruled on the appeal filed by Imperial Pacific International (CNMI) LLC in the lawsuit filed by US. Fanter Corp. Ltd., the U.S. District Court for the NMI has ordered the release of the $2.4 million supersedeas bond that IPI had posted...
Posted On Dec 12 2022 06:06
, By Kimberly Bautista Esmores
0

2nd auction of IPI casino equipment to focus on gaming tables, slot machines

Editor’s Note: Reprinted with permission A second auction of gaming equipment owned by embattled Saipan casino operator Imperial Pacific International (CNMI) LLC will take place this Friday, Dec. 9, with the focus shifting to larger equipment. According to Tim Shepherd of...
Posted On Dec 05 2022 06:03
, By BEN BLASCHKE
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IPI, CCC arbitration process starts

The Commonwealth Casino Commission and Imperial Pacific International (CNMI) LLC made their first appearance before an arbitrator last Wednesday morning. CCC executive director Andrew Yeom informed the CCC board last week that they had their first status conference before the...
Posted On Nov 29 2022 06:06
, By Ferdie De La Torre
0

Settlement reached in lawsuit vs IPI

One of Imperial Pacific International (CNMI) LLC’s many creditors have settled with the casino investor and has sought dismissal of its suit in the U.S. District Court for the NMI. IPI and Ping Shun Corp. filed a joint motion last week to ask the district court to dismiss with...
Posted On Nov 29 2022 06:06
, By Kimberly Bautista Esmores
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