NMI government: IPI owes over $10M in taxes

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1. Imperial Pacific International Holdings Limited

...develops and operates destination casinos. Through its subsidiaries, the company develops integrated resorts featuring casinos, luxury hotels, restaurants, retail space and leisure facilities in Saipan, Northern Mariana Islands.

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Imperial Pacific found in contempt; CNMI to act as gambling debt collector
Saipan casino operator Imperial Pacific International (IPI) and its CEO have been found in contempt for wilfully slow-rolling court-ordered payments to former employees.

Meanwhile, the CNMI government has approved legislation that gives the government extra financial incentive to pursue legal action against the countless VIP gamblers who’ve reneged on IPI’s credit markers.

IPI is notorious for directly extending credit to international VIPs, who come to Saipan, live high on IPI’s hog, run up enormous tabs and then head back to mainland China, where gambling debts are legally unenforceable. This shrewd strategy has contributed to IPI reporting losses in the hundreds of millions of dollars in each of the past couple years.

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