Imperial Pacific trade money for more time to finish resort casino

Saipan casino operator Imperial Pacific International Holdings (IPI) has agreed to pay additional fees in exchange for more time to finish building its new resort.

On Wednesday, gaming regulators in the Commonwealth of the Northern Mariana Islands (CNMI) announced that IPI had been granted extensions on completing both phases of the Imperial Pacific Resort Hotel Saipan, which launched its gaming operations last month after lengthy delays.

In April, IPI was granted an extension to complete Phase One by August 2018, but the construction delays and labor issues that have plagued this project since its inception don’t appear to have abated.

It was only last month that IPI announced that it planned to complete the resort’s 15 luxury villas by January 2018 and finish work on the 329-room hotel by August 2018. However, the company declined to specify when guests might actually begin booking their accommodations at the resort.