{"id":404777,"date":"2024-01-02T14:00:00","date_gmt":"2024-01-02T14:00:00","guid":{"rendered":"https:\/\/www.saipantribune.com\/?p=404777"},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-29T14:00:00","slug":"IPI-fails-to-pay-62M-by-deadline","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/IPI-fails-to-pay-62M-by-deadline\/","title":{"rendered":"IPI fails to pay $62M by deadline"},"content":{"rendered":"<p>Troubled Imperial Pacific International (CNMI) LLC failed to pay some $62 million in casino license fees it owes the CNMI government by last Saturday\u2019s deadline.<\/p>\n<p>IPI director\/manager Howyo Chi replied, \u201cNothing yet,\u201d when <em>Saipan Tribune<\/em> asked him yesterday about the matter.<\/p>\n<p>Chi said the Commonwealth Casino Commission board set a revocation hearing for IPI\u2019s casino license on Jan. 31, 2024, but he has not received the official board\u2019s letter yet.<\/p>\n<p>CCC executive director Andrew Yeom said yesterday that he is unaware if IPI paid the entire $62 million or a portion of it by Saturday\u2019s deadline or after the deadline.<\/p>\n<p>\u201c[The Department of] Finance is closed for the holidays and won\u2019t be able to verify until we get back to work on Wednesday. We\u2019ll see,\u201d Yeom said.<\/p>\n<p>He also disclosed that the CCC board on Thursday tentatively set the revocation hearing for Jan. 31, 2024.<\/p>\n<p>\u201cWe\u2019re supposed to be served with an official notice, but not yet,\u201d Yeom said.<\/p>\n<p>The CCC board issued a 30-day notice of payment to IPI last Nov. 30. The board had determined that the reasonable deadline for IPI to pay the 2020, 2021, 2022, and 2023 casino license fees is 30 days from receipt of the notice. The 30 days expired last Saturday.<\/p>\n<p>CCC board chair Edward C. DeLeon Guerrero said in an interview during a break in the CCC board meeting last Thursday that the revocation hearing won\u2019t specifically be about the 30-day determination. Rather, it is in reference to the CCC board\u2019s enforcement actions 2021-003 and 003, which went in into the Superior Court and CNMI Supreme Court, DeLeon Guerrero said.<\/p>\n<p>\u201cThat basically is what we\u2019re pursuing now for the revocation. They need to comply with that. That\u2019s been fully litigated,\u201d the chairman said.<\/p>\n<p>He said there was an order that came out of CCC and it has to do with non-payment of license fee, regulatory fee, three months reserved for payroll, and to vendors that IPI owes that are uncontested.<\/p>\n<p>DeLeon Guerrero said those are already litigated and that they are not going to relitigate it.<\/p>\n<p>\u201cWhat has been litigated is done. Just because you\u2019re not satisfied with it doesn\u2019t mean you can come back and bring it up. \u2026That\u2019s something that we\u2019ll be discussing,\u201d he said.<\/p>\n<figure style=\"width: 480px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"https:\/\/www.saipantribune.com\/wp-content\/uploads\/images\/imgupload\/627710744f94509cebbcd7b916f81293.jpg\" width=\"480\" height=\"360\" \/><figcaption class=\"wp-caption-text\"><\/p>\n<p>Commonwealth Casino Commission board chair Edward C. DeLeon Guerrero confers with the board\u2019s legal counsel, assistant attorney general Carl Dela Cruz, during the board\u2019s regular monthly meeting at the Springs Plaza in Gualo Rai last Thursday.<\/p>\n<p>-FERDIE DE LA TORRE<br \/><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Troubled Imperial Pacific International (CNMI) LLC failed to pay some $62 million in casino license&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-404777","post","type-post","status-publish","format-standard","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/404777","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=404777"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/404777\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=404777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=404777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=404777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}