It wasn’t enough that Imperial Pacific International (IPI) damaged Saipan’s casino image and put it in financial ruin. The failed casino operator behind the Imperial Palace resort can also be seen as responsible for the Commonwealth Ports Authority (CPA) losing money.
Media outlet Marianas Variety reported this week that the CPA is taking legal action against two companies for breach of contract. It filed its suit against Phoenix Services Inc. and Pride Keen Limited in the Superior Court of the Commonwealth of Northern Mariana Islands (CNMI) because they haven’t paid their bills.
The two companies were responsible for collectively bringing five yachts to the US-owned territory between 2015 and 2021. The vessels were part of a deal with IPI. But like the operator did on numerous occasions, the companies allegedly quit paying their leases.
Media outlet Marianas Variety reported this week that the CPA is taking legal action against two companies for breach of contract. It filed its suit against Phoenix Services Inc. and Pride Keen Limited in the Superior Court of the Commonwealth of Northern Mariana Islands (CNMI) because they haven’t paid their bills.
The two companies were responsible for collectively bringing five yachts to the US-owned territory between 2015 and 2021. The vessels were part of a deal with IPI. But like the operator did on numerous occasions, the companies allegedly quit paying their leases.