Online Gaming: Bad Bet for Saipan?

So far, Saipan’s experience with gaming has been like a rollercoaster ride: a near-vertical climb, followed by a precipitous drop. Now the remote island group may double down on gaming—this time online—as a much-needed revenue source. In 2015 the CNMI’s only gaming hall, operated by Hong Kong-listed Imperial Pacific International, opened as a temporary property in a local shopping mall. By 2016, the casino called Best Sunshine Live reported rolling chip revenues of more than $32 billion, rivaling even the Venetian Macau for VIP turnover. Then the house of cards tumbled. In April . . . This content is restricted to subscribers

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