CNMI gaming regulator orders indefinite suspension of IPI’s casino license
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The Commonwealth Casino Commission (CCC) of the Northern Mariana Islands has ordered the indefinite suspension of Imperial Pacific International (CNMI) LLC’s casino license.
The order, granted Thursday but expected to take effect from 10 May, follows five complaints filed recently by executive director Andrew Yeom against IPI for failure to comply with certain requirements under its license agreement.
Those five complaints specifically relate to IPI’s failure to pay its annual US$15.5 million license fee last August, failure to pay its annual US$3.1 million regulatory fee in October, failure to contribute US$20 million to the community benefit fund in both 2018 and 2019, failure to comply with its minimum US$2 billion capital requirement and failure to comply with a CCC order to pay all money owing to its vendors.