According to a report on GGRAsia quoting a Hong Kong Stock Exchange filing, the Imperial Pacific International Holdings Ltd, plans on spending at least $7 million on a new project in Saipan. The company will be creating a casino resort on the Pacific Island, with a temporary casino arriving by the third quarter of 2015.
Based on the filing, the licensee expects to be launching and operating a temporary casino by the third quarter of this year. At that time, construction work will begin on two town hotels which will include the gaming facilities for the phase one town hotel. The construction phase would have a time frame of 16 months for completion.
To be able to move forward with casino gaming so quickly is a result of one of the units holding a casino license with the main island of the Commonwealth for the Northern Mariana Islands. One hotel will have 250 guest rooms and be considered a 5 Star standard. The casino property will be 2,200 square meters, excluding the back of the house areas.
Before starting operations, Imperial Pacific International Holdings will be seeking legal advice for the temporary casino. This process will be to ensure that all laws are followed as well as listing rules of the Hong Kong Stock Exchange. The new project was subject to review by the CNMI Casino Commission to ensure proper regulation of the temporary casino based on the Saipan Casino Law.