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Casino commission works for NMI not for IPI, Yeom says
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Blow IPI to smithereens
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Casino commission suspends IPI gaming license, imposes $6 6M fine
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On Monday, council approved a $33 million operating budget for the city for 2021. It s a lean budget, Maurer said. It s just been a crazy year with the pandemic. Who would have known last March when everything was shut down where our income tax base would be?
The budget includes money for the hiring of two new police officers, one of whom will be a detective who will work on drug-related crimes. We didn’t fare too badly in 2020, given all of the circumstances that were a headwind against us, Maurer said. The general fund balance at the end of 2020 was a respectable $1,223,000.
ASIDE from hearing the complaints about Imperial Pacific Internationalâs failure to meet its obligations, the Commonwealth Casino Commission also questioned the casino investorâs financial suitability.
During Tuesdayâs evidentiary hearing on Commission Complaints 2020-003, 2020-004 and 2020-005, Commission Chairman Edward C. Deleon Guerrero reminded IPI counsel, Tiberius Mocanu, of the casino law, which requires IPI to be financially suitable.
He also told the IPI attorney that the casino commission has ânot only the authority but an obligation to enforce the requirement of the law.â
Deleon Guerrero likewise informed Mocanu that the Attorney Generalâs Office has provided the commission an opinion defining financial suitability as, among other things, having the ability to pay its vendors.