\n
IPI came in after the first auction and paid off some of its debt, a sign it said showed that it was fulfilling its obligations. As a result, it wanted a CNMI court judge to halt the next five planned auctions.<\/p>\n<\/div>\n
CNMI Chief Judge Ramona Manglona disagreed. Because of the size of the debt and the lack of significant progress to remove it, he said there was just cause to allow the sales to continue.<\/p>\n
The next auction is coming on December 9. IPI has now approached the Ninth Circuit Court of Appeals to find some relief. The company’s lawyer filed an emergency motion for a stay of the process this week.<\/strong><\/p>\nThe CCC contacted the court, as well. Three weeks ago, it asked it to rule on its attempt to revoke IPI’s license. Rulings on both petitions are still pending.<\/p>\n","protected":false},"excerpt":{"rendered":"
Imperial Pacific International (IPI) believes it still has what it takes to be a legitimate casino operator. It’s so confident, in fact, that it’s starting to make plans to relaunch its Imperial Palace casino in Saipan next year. In a filing with the Hong Kong Stock Exchange on November 11, IPI said it had proposed […]<\/p>\n","protected":false},"author":64,"featured_media":243184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,33810],"tags":[82394,81913,13363],"acf":[],"yoast_head":"\n
Imperial Pacific International Wants to Reopen Imperial Palace Next Year - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n