Bankrupt Imperial Pacific Intl. Casino starts auctioning prized assets

There are currently some deals available from the bankrupt and closed Imperial Pacific Resort Hotel in Saipan, whose assets are being auctioned off.

The receiver of the resort has been named as Clear Management Group. In that capacity, Clear Management is in charge of the casino's asset auction, including its collection of exquisite cars and its dragon art structure, which is made up of more than 2.5 million Swarovski crystals.

 

[Daniel04]

Exquisite cars and an expensive dragon sculpture, no wonder they went bankrupt! Sounds like too much money went into flashy decor instead of the actual gaming floor. Even an experienced manager like Clear Group will have their work cut out for them sorting through the finances. Hope they can get a decent return on the assets to pay back what they can.