Deadline Missed, Project Scaled Back <\/strong><\/h2>\nIn August, Imperial Palace missed its construction deadline for the casino, complaining of \u201clabor shortages.\u201d Island officials promptly gave it a more than two-year extension to complete the project. If it meets the new deadline, it will be over four years late.<\/p>\n
Imperial has also reached an agreement with regulators to amend its gambling license to downscale the casino. The company initially proposed a 329-room hotel, with wider development plans creating 2,000 more guestrooms.<\/p>\n
But Edward Deleon Guerrero, executive director of the Commonwealth Casino Commission told the company last month that the extra rooms were not necessary and that the island would have to triple its annual visitor intake to fill them all.<\/p>\n
\u201cI don\u2019t think the [island] could accommodate two million visitors a year. And I don\u2019t think we have the capability to construct 2,000 rooms,\u201d he remarked, pointedly.<\/p>\n","protected":false},"excerpt":{"rendered":"
Imperial Pacific International has lost another executive. The controversial company is in the process of building the Imperial Palace on the Pacific island of Saipan, a project that has been beset by problems this year. CEO and chairman Henry Cheang\u2019s departure after less than a year in the job will cause further disruption to the […]<\/p>\n","protected":false},"author":36,"featured_media":89967,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,21,18],"tags":[],"acf":[],"yoast_head":"\n
Imperial Pacific Blows Through Four Executive Directors in a Year<\/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