Casino developer, Imperial Pacific International Holdings Limited, has announced that Cai Lingli will no longer serve as its Executive Committee Chairperson after resigning as one of its Executive Directors over the weekend.
Departure detailed in Monday filing:
The firm behind the giant Imperial Palace Saipan integrated casino resort currently being built in the Commonwealth of the Northern Mariana Islands, Hong Kong-listed Imperial Pacific International Holdings Limited used an official Monday filing (pdf) to declare that Cai had stepped aside in order to ‘devote additional time to her family and other personal business commitments.’
Operator conveys ‘sincere gratitude’:
The filing from Imperial Pacific International Holdings Limited also detailed that Cai had ‘no disagreement’ with its current board before expressing the firm’s ‘sincere gratitude’ for the ‘valuable contributions’ she had made to its business ‘during her tenure of office.’
Imperial Pacific International Holdings Limited’s filing read…
“Considering that the business of the group has been growing and the current management is capable of leading further development of the group, Cai wishes to devote additional time to her family and other personal business commitments.”
Xia replaces Cai:
In her place, the Hong Kong-headquartered casino developer used the filing to explain that one of its other Executive Directors, Xia Yuki Yu, has been named as its new Executive Committee Chairperson. It stated that the 44-year-old has been a senior member of its team since November of 2013 and moreover serves as a director for ‘a few key subsidiaries of the company.’
Imperial Pacific International Holdings Limited’s filing read…
“She has over 15 years of experience in the public relation and marketing industry. Before joining the group, Xia held executive positions in various enterprise groups operating in the gaming industry.”
Imperial Palace Saipan delays continue:
According to a Tuesday report from GGRAsia, the opening of the 329-room hotel attached to the casino resort has been continually delayed since the $650 million venue soft-launched its 152,200 sq ft casino featuring a selection of 350 slots and 200 gaming tables in July of last year.
In addition, last month saw Imperial Pacific International Holdings Limited proclaim that it did not expect to hit its latest government-mandated deadline for the opening of the hotel connected to its Saipan gambling venue and would be applying for official permission to extend this target to December.