{"id":381009,"date":"2022-12-05T06:03:55","date_gmt":"2022-12-04T20:03:55","guid":{"rendered":"https:\/\/www.saipantribune.com\/?p=381009"},"modified":"2022-12-05T06:03:55","modified_gmt":"2022-12-04T20:03:55","slug":"2nd-auction-of-ipi-casino-equipment-to-focus-on-gaming-tables-slot-machines","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/2nd-auction-of-ipi-casino-equipment-to-focus-on-gaming-tables-slot-machines\/","title":{"rendered":"2nd auction of IPI casino equipment to  focus on gaming tables, slot machines"},"content":{"rendered":"<p><em>Editor\u2019s Note: Reprinted with permission<\/em><\/p>\n<p>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.<\/p>\n<p>According to Tim Shepherd of receiver Clear Management Ltd., the auction will include the sale of gaming tables, chairs and slot machine stools, while there are also 50 of Aristocrat\u2019s Helix slot machines available\u2014all in full working order and with Asian games installed.<\/p>\n<p>The first auction, held in October, saw\u00a0US$410,000 worth of equipment sold\u2014mostly card shufflers and chip sorters with the successful bidders from South Korea,\u00a0Australia, South America and Europe<\/p>\n<p>\u201cWe have already received bids in for Auction 2 and since we added slot machines and a bigger variety of equipment, many more interested parties [are] contacting us from across the world,\u201d Shepherd told\u00a0IAG.<\/p>\n<p>\u201cBidders understand that IPI only bought world class equipment and even though it\u2019s been in storage, the casino management team maintained it professionally before the casino closed.<\/p>\n<p>\u201cAs a result the majority of equipment powers up with little or no issues beyond requiring a good clean. Likewise the gaming tables, chairs and other furniture are in good shape.\u201d<\/p>\n<p>Shepherd explained that he planned to hold at least two more auctions in early 2023 following an order from the court to maximize revenues in order to pay some of IPI\u2019s creditors\u2014currently owed around US$24 million.<\/p>\n<p>IPI has tried to stop the auctions, arguing recently that it would be unable to reopen its casino\u2014shuttered since March 2020\u2014in quick time if its gaming equipment was sold.<\/p>\n<p>Shepherd suspected most leading suppliers would be able to provide new equipment at short notice if required but noted IPI\u2019s casino, Imperial Palace-Saipan, was likely in no shape to resume operations in the short term.<\/p>\n<p>\u201cThe state of the casino\/hotel building itself\u2026we think [it] requires a fair amount of work to be ready to accept customers,\u201d he said.<\/p>\n<p>IPI is currently in mediation with the local Casino Control Commission to have its current\u00a0casino license suspension\u00a0lifted and prevent the regulator from revoking its license altogether.<\/p>\n<p>Originally published by Inside Asian Gaming. See the original post here: https:\/\/www.asgam.com\/index.php\/2022\/12\/04\/second-auction-of-ipis-saipan-casino-equipment-to-focus-on-gaming-tables-slot-machines\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Editor\u2019s Note: Reprinted with permission A second auction of gaming equipment owned by embattled Saipan&#8230;<\/p>\n","protected":false},"author":11,"featured_media":381010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[900],"tags":[12497],"class_list":["post-381009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","tag-ipi"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/381009","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\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=381009"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/381009\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/381010"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=381009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=381009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=381009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}