Imperial Pacific International (IPI), a casino operator in Saipan, has concluded strategies to go for rich gamblers in Japan. They plan to do this so they can turn their already dwindling fortunes.
On Thursday, Calvin Ayre disclosed that Donald Browne, a senior in IPI, that the organization was hiring marketing reps to target VIP bettors from Japan. It hopes the VIP bettors will fill up the 7 new upscale beachfront villas that were unveiled at the imperial Palace Resort of IPI in December.
At the moment, Imperial Palace is a long way from being a completed project, then again, Browne asserted that their luxury resort was in a world of its own without any competitors in the Pacific region. Just like the words of Kevin Costner – the Hollywood heartthrob – Browne made a bold prediction that tourists from China, Korea and Japan have no choice but to visit the resort.
He even went as far as saying they’ll forget what IPI told regulators from Saipain in August. They said that the VIPs did not want to visit IPI because it lacked several amenities.
Skymark Airlines, an economical carrier situated in Tokyo, Japan, started direct flights to Saipan about a month ago. There’s an unlikely possibility that VIP bettors will make use of such to move around.
Currently, IPI has connections in Japan because of the claims by the company to have received a slot of $500 million in May last year from GCM Ltd. The company is a financial and real estate firm and they specialize in distressed assets.
According to the claims, IPI said they got the first batch of $100 million when the deal was announced. A former contractor of the company was seen to have told a federal court that the second installment of the funds had not been received.
MINOR CONTRACTORS ARE PAID: GOVERNMENT SEEKS $37 MILLION IN PAYMENTS FOR COMMUNITY FUNDS
It was not a good year for IPI financially. For 12 months, the company lost its CEO and it’s not the first time such happened. It also had its general counsel sued by a United States Federal Agency. They were charged with sexual harassment by their female staff and they were also accused of money laundering, and suspected fraud.
That’s not all, they were charged with illegal campaign contributions to the governor of the Commonwealth of the Northern Mariana Islands. To make matters worse, they lost a sum of $240 million in the first half of 2019.
Several contractors and vendors have also taken IPI to court for a sum of $35 million for the work done on the Imperial Palace. All these allegations have been vehemently denied by IPI and they are determined to have their day in court. According to reports from the Saipan Tribune the company disclosed that they’ve paid all vendors they owe.
Meanwhile, they haven’t said anything about the $37 million they owe the Community Benefit Fund of CNMI. The payment is a necessity of the gaming license of IPI and several CNMI legislators have written an open letter to that effect.