The Commonwealth Casino Commission (CCC) in the Commonwealth of Northern Mariana Islands (CNMI) continues to tread water. Imperial Pacific International (IPI) currently owes the regulator $55 million, according to the Saipan Tribune. And it has no indication that it will ever be able to pay.
In a meeting this week, the CCC reported that the IPI’s bill continues to grow after missing another deadline.
IPI now owes more than $46 million for its license and $9.4 million for the regulatory fee, according to the CCC. The CCC now says it doesn’t even have enough money to pay its office space rent. It closed its normal offices in January and was operating out of a conference room at a local commercial facility.
In a meeting this week, the CCC reported that the IPI’s bill continues to grow after missing another deadline.
IPI now owes more than $46 million for its license and $9.4 million for the regulatory fee, according to the CCC. The CCC now says it doesn’t even have enough money to pay its office space rent. It closed its normal offices in January and was operating out of a conference room at a local commercial facility.