Imperial Pacific International Proposes $49 Million for Casino License Surrender
In a surprising turn of events, embattled Saipan-based casino operator, Imperial Pacific International, has expressed a willingness to pay a whopping sum of $49 million with the intent to surrender its gaming license and leave the jurisdiction for good. This payment signifies IPI's strategic move to disentangle itself from all current liabilities within the Commonwealth of the Northern Mariana Islands (CNMI).
Despite the $49 million offer seeming lucrative, the Island's governor, Ralph Torres, rejected this proposal and appears firm on maintaining the current contractually obligated relationship with IPI. The term 'no dice' aptly describes the governor's unsparingly resolute refusal.
More information about this proposed arrangement and the CNMI government's response is anticipated in the coming weeks. IPI's recent proposal underscores the urgent need for transparency and accountability in the global gaming industry and the far-reaching implications of such business moves.
