{"id":216501,"date":"2015-12-11T06:06:17","date_gmt":"2015-12-10T20:06:17","guid":{"rendered":"http:\/\/www.saipantribune.com\/?p=216501"},"modified":"2015-12-11T06:06:17","modified_gmt":"2015-12-10T20:06:17","slug":"kan-pacific-deal-ushers-in-new-casino-era","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/kan-pacific-deal-ushers-in-new-casino-era\/","title":{"rendered":"\u2018Kan Pacific deal ushers in new casino era\u2019"},"content":{"rendered":"

<\/a>
Kan Pacific Saipan lawyer Joseph Iacopino, left, and Best Sunshine International, Ltd. CEO Mark Brown pose for a photo after a press conference yesterday. (Dennis B. Chan)<\/figcaption><\/figure>
\nKan Pacific Saipan and Best Sunshine International, Ltd. officials remained noncommittal yesterday to divulging details\u2014or a price tag\u2014on a deal to have Kan Pacific assign the remaining lease years of their coveted Mariana Resort and Spa property to the Saipan casino, noting these were private and confidential. Instead, the officials, pointed to the future, saying that the deal would bring the Commonwealth into a \u201cnew era.\u201d<\/p>\n

\u201c[The negotiations] are really irrelevant,\u201d said Kan Pacific lawyer Joseph Iacopino during a press conference yesterday.<\/p>\n

The deal announced Wednesday\u2014coincidentally\u2014comes nearly a month after Kan Pacific held a rally that drew hundreds to garner support for a new lease for their hotel in Marpi. It also comes nearly a month after Department of Public Lands opened a competitive bid process for these lands.<\/p>\n

The new Kan Pacific-Best Sunshine deal essentially provides that Kan Pacific will assign its remaining lease to the Saipan casino and will continue to operate the resort for at least a year, the casino said in a statement Wednesday. The Kan Pacific lease expires in April 2018.<\/p>\n

Asked for the price tag on the new deal, Iacopino said, \u201cThat\u2019s not available for discussion\u201d and that negotiations grew more intensive after last month\u2019s rally. \u201cWe had some preliminary discussions that really didn\u2019t seem to go anywhere\u2014but coincidently\u2014after the rally, there were some more.\u201d<\/p>\n

When pressed for more details, Iacopino said, \u201cY\u2019 know, I am not going to talk about the negotiations.\u201d<\/p>\n

He was responding to a question from Saipan Tribune to clarify what he meant by how negotiations \u201cdidn\u2019t seem to go anywhere\u201d\u2014and if that meant a proposal or offer was rejected.<\/p>\n

\u201cFirst of all, they are really irrelevant,\u201d Iacopino went on to say. \u201cWhat\u2019s really important is that we went through a process of working together and we ended up with an agreement that\u2019s good for everyone.\u201d<\/p>\n

Emotional<\/strong><\/p>\n

During the press conference yesterday, Kan Pacific president Yoshiro Kitami grew teary-eyed as he recounted speaking to hotel staff that morning.<\/p>\n

Speaking through a translator, Kitami said that \u201cif there is right location and right timing\u201d he was \u201cwilling to invest the monies and continue the business here in the CNMI.\u201d<\/p>\n

He said he grew emotional speaking to resort staff, who \u201care really encouraging him to keep him going.\u201d<\/p>\n

\u201cIt\u2019s been emotional day,\u201d added Iacopino, \u201cand understandably people are still waking up to this new fact. But\u2014in spite of any element of sadness that there could be\u2014there is a lot of excitement about this new era that\u2019s really being ushered into the CNMI.\u201d<\/p>\n

Use of existing facilities, employees<\/strong><\/p>\n

Best Sunshine officials have earlier said that the Marpi property\u2014because of where it is and its size and location\u2014would put together an incredible resort, and consolidate the other $5 billion of their proposed $7-billion investment on Saipan, with \u201cthe world\u2019s largest water park, thousands of hotel rooms and jobs,\u201d among others.<\/p>\n

The Marpi lot includes lots used for racecar tracks, mini golf courses, and the Marpi hotel, cottages, villas, and maintenance and sports facilities, and other vacant lands held by Kan Pacific.<\/p>\n

When asked yesterday if Best Sunshine would tear down or use the existing facilities, Best Sunshine CEO Mark Brown said, \u201cJust wait for the RFP.\u201d<\/p>\n

\u201cThen you\u2019ll see our entire plan,\u201d Brown added.<\/p>\n

The resort currently has 159 employees, according general manager Gloria Cavanagh yesterday.<\/p>\n

Brown said, \u201cthere should be absolutely no concern about\u201d whether they have a job.<\/p>\n

\u201cWe have 740 employees. We are going to have 3,500 employees at the Grand Mariana [casino resort in Garapan]. So there should be actually no concern about anyone there not having a job,\u201d Brown said.<\/p>\n

\u201cIt\u2019s plenty of opportunity,\u201d added Iacopino. \u201cBy the time of winding down of the Mariana Resort, the other facilities of Best Sunshine will have developed.\u201d<\/p>\n

Giving thanks<\/strong><\/p>\n

\u201cI will do everything in my power to help as many people as possible for \u201c in this \u201ctime of transition,\u201d Kitami said yesterday. \u201cWe are looking forward to the future. We will continue to stay on Saipan. It is our home. I want to say from the bottom of my heart, thank you very much Best Sunshine.\u201d<\/p>\n

He also thanked Kan Pacific lawyers, former governor Juan Babauta, former lieutenant governor Diego Benavente, former senator Pete Reyes, lawmakers of the House minority bloc, and his son and family.<\/p>\n

\u201cThank you very much CNMI for\u201d for their support in \u201cthis most difficult time,\u201d Kitami said.<\/p>\n

\u201cToday is a great day,\u201d added Brown. \u201cA very great day. People ask us\u2014what does this mean for the community? For us, this is a first step of a master plan that will benefit all of the people of the CNMI, and all of the people of Saipan. As we met with the top officials of Kan Pacific, and explained our vision and plan, they became as excited as we are\u2026 We need thousands of employees to make our plan come true. Our plan is fully understood by Kan Pacific and they understood this is the best opportunity for everyone involved. Our relationship moving forward will consist of teamwork and understanding. Best Sunshine would love for Kan Pacific to stay. Build a beautiful hotel on this site and continue to promote and push for Japanese tourists to continue to come to Saipan\u2026. Both companies care deeply about the people of Saipan.<\/p>\n

\u201cAs we go into the future, all will prosper. This is given a reason for not only to stay but it is also another reason for our children to come home,\u201d Brown said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kan Pacific Saipan and Best Sunshine International, Ltd. officials remained noncommittal yesterday to divulging details\u2014or…<\/p>\n","protected":false},"author":47,"featured_media":216505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[94],"tags":[1707,26,5770,67],"class_list":["post-216501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-best-sunshine-international","tag-cnmi","tag-kan-pacific-saipan","tag-people"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/216501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=216501"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/216501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/216505"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=216501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=216501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=216501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}