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Fri Feb 26, 2021, 12:00 AM

IPI doesn't oppose suspension of casino license

Imperial Pacific International (CNMI) LLC does not oppose having the Commonwealth Casino Commission suspend its casino gaming license, admitting to failing to pay the $40 million community benefit fund money in 2018 and 2019 and failing to pay the $15.5 million annual casino license fee by the Aug. 12, 2020, deadline, as required by the Casino License Agreement.

IPI, through counsel Tiberius Mocanu, informed the CCC board of the company’s position, during an evidentiary hearing on the CCC executive director’s two consolidated complaints against IPI yesterday afternoon at the CCC office in Gualo Rai.

The CCC board held the hearing after IPI and CCC executive director Andrew Yeom failed to reach a global agreement to settle CCC’s five complaints against IPI.

CCC board vice chair Rafael Demapan, who presided over the hearing, placed the matter under advisement after listening to the lawyers’ arguments.

Read more: https://www.saipantribune.com/index.php/ipi-doesnt-oppose-suspension-of-casino-license/

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