Imperial Pacific denies report of U.S. regulatory probe

Imperial Pacific International Holdings Ltd has denied it is being investigated by U.S. regulatory authorities regarding the large volumes of cash going through the casino.

On Monday, an article from Bloomberg alleged the Saipan casino had earned the suspicion of the  U.S. Treasury’s Financial Crimes Enforcement Network because of its significant financial flows.

However, a recent filing from Imperial Pacific says; “The group has never received any investigation notice from the U.S. Treasury’s Financial Crimes Enforcement Network.”

The operator also defended claims that its high VIP rolling chip volume was “suspicious,” noting a consistently strong patronage of its casino floor since 2016, with “visitor headcounts at never [being] below 300.”

“As there are only 38 gaming tables in the casino and each table is able to serve 5 to 6 customers at the same time, our service capacity has saturated. Each night, around 100 customers could not be arranged with a seat and had to queue or stand to participate,” said the operator.

Last month, the company reported its temporary casino raked in $3.8 billion in VIP table games rolling.

According to the company’s filing to the Hong Kong Stock Exchange on Wednesday, the results were just shy of its record $3.95 billion in VIP rollings in September.

The company resumed the trading of its shares on Wednesday, November 16, 2016.