Imperial Pacific International casino finalizes sale of two Rolls Royce cars

The distressed Saipan casino operator Imperial Pacific International LLC put two elegant Rolls Royce cars up for auction, and the bidding ended on April 11. Following the confirmation of the sale of the two vehicles by Clear Management Ltd, the company responsible for holding the asset auction, the luxury cars were able to find new owners.

Many more vehicles, though, may be put up for auction this summer as part of the operator's holdings. The operator's asset list includes over 100 vehicles, all of which are expected to be auctioned off.

 

[Daniel04]

That's cool, although I don't think those car sales will really make much difference to their finances overall. Imperial Pacific owes so much money after all those years of losses. Don't get me wrong, every little bit helps, but they need a real bailout or new investors to tackle the real debt.

 

[Qwert135]

Any when they are not able to make profits and they are only having difficulties maintaining their business they will definitely have to do this this thought of think and that is what exactly happening in this case as well they will now have to sell most of their business and their might have to restructure again if they are in a position to launch that business indeed it will definitely takes sometime as well surely actually