CNMI casino commission suspends IPI gaming license, imposes $6.6M fine
THE Commonwealth Casino Commission on Thursday suspended the gaming license of Imperial Pacific International for failure to comply with five orders relating to its various obligations.
Citing serious violations of the casino law, regulations and the casino license agreement, the commissioners unanimously decided to suspend IPI’s gaming license and impose a total of $6.6 million in fines.
The commission also ordered IPI to pay its outstanding obligations totaling $18.6 million.
In its decision, the commission said it is indefinitely suspending the casino license for four of the five enforcement actions, and suspending it for six months for IPI’s failure to pay the $20 million annual community benefit fund.
Read more: https://mvariety.com/news/casino-commission-suspends-ipi-gaming-license-imposes-6-6m-fine/article_a500c698-a3c9-11eb-a211-3be8bd130623.html
(Marianas Variety)
