Succumbing to the pressures from its creditors, Imperial Pacific International has filed for Chapter 11 bankruptcy in the U.S District Court for the CNMI, reporting debts totaling of US$165.8 million.
Imperial Pacific International (CNMI) LLC, which has been the subject of multiple civil lawsuits amounting to a debt of over $150 million, has officially filed for bankruptcy with the U.S.
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The Commonwealth Casino Commission board canceled yesterday’s scheduled deliberation whether to revoke or not Imperial Pacific International (CNMI) LLC’s exclusive gaming license.