Saipan casino struggles to survive

With a casino monopoly on the US Pacific island Saipan and a history of reporting multibillion dollar monthly VIP action, Hong Kong listed Imperial Pacific International says it can’t pay its casino license fees or legal judgments against it, and its beachfront hotel remains unfinished despite a purported US$900 million investment. New CEO Donald Browne says IPI has a new plan, if it can survive Covid-19.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a editor at large for Inside Asian Gaming, contributor to Forbes, columnist/correspondent for Asia Times, and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.