Casino promoter Imperial Pacific International Holdings Ltd has confirmed in a Friday filing that its casino licence for the United States jurisdiction of Saipan has been suspended, and that its local operating unit Imperial Pacific International (CNMI) LLC has been ordered to pay outstanding fees amounting to US$18.6 million, and a fine of US$6.6 million.
The parent stated in its announcement to the Hong Kong Stock Exchange that on Friday the Saipan regulator, the Commonwealth Casino Commission, had issued the licence-suspension decision for Imperial Palace Saipan (pictured in a file photo), and also ordered the casino operator to pay “immediately” US$18.6 million in annual licence and casino regulatory fees, and total penalties of US$6.6 million, the latter to be settled within six months.