Commonwealth Casino Commission executive director Andrew Yeom does not see any major obstacles that would prevent reaching a settlement agreement with Imperial Pacific International (CNMI) LLC that will resolve his five complaints that seek to revoke IPI\u2019s exclusive casino license.<\/p>\n
At the CCC board\u2019s regular monthly meeting, Yeom told the board he believes that the parties may execute a settlement agreement before the July 8 expiration of the U.S. District Court for the NMI\u2019s temporary restraining order. <\/p>\n
He disclosed that both parties have had some fierce arguments during the settlement talks, but there are no major barriers right now. Just a few more minor items need to be ironed out, which he foresees will be mutually agreed upon by next week. <\/p>\n
Because of the TRO that\u2019s currently in place, Yeom said he does not really have much to report other than to say that he does not have a fully executed settlement agreement at this time. <\/p>\n
He said they are close to reaching a settlement agreement but there are a few articles that they still need to deal with. <\/p>\n
Since there is no agreement yet, his proposed motion to dismiss the five complaints against IPI is off the table for that day\u2019s board meeting.<\/p>\n
Yeom said that when they do have the agreement in the next few days, he would be off-island by then, so the acting executive director will be the one to sign it. He said the acting executive director is fully briefed about the matter.<\/p>\n
Yeom said the acting director will have to call a special board meeting with a three-day notice in advance for that agreement to get the board\u2019s approval. <\/p>\n
Yeom had filed five complaints to revoke IPI\u2019s casino license for alleged unwillingness to comply with the CCC\u2019s final order by not paying the $3.1 million annual regulatory fee and $15.5 million annual exclusive casino license fee, among other violations. <\/p>\n
U.S. District Court for the NMI Chief Judge Ramona V. Manglona initially granted IPI\u2019s request for a TRO to prevent the CCC from holding a hearing on the five complaints last May 24 and 25, 2022. Last May 31, Manglona extended the TRO for another 30 days as the parties in the case work toward a settlement. <\/p>\n","protected":false},"excerpt":{"rendered":"
Commonwealth Casino Commission executive director Andrew Yeom does not see any major obstacles that would…<\/p>\n","protected":false},"author":23,"featured_media":371024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[900],"tags":[],"class_list":["post-371120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/371120","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\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=371120"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/371120\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/371024"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=371120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=371120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=371120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}