Saipan casino eyes 17Q1 debut despite finance delays

Imperial Pacific Holdings says its resort on the Pacific Island of Saipan will open in the first quarter of this year, despite concern over funding problems for the proposed $7 billion project. The operator, which is currently working out of a temporary facility on the island, had initially planned a Chinese New Year opening, but in a recent stock exchange filing changed the wording about its planned debut to say the Imperial Pacific Resort will hold a soft opening in Q1. The operator also added that construction of the resort is going smoothly, “with over 2,000 workers working around-the-clock to ensure early completion.” Hong Kong-listed Imperial Pacific beat out rival Mariana Stars Entertainment to win the license to operate Saipan’s only casino in 2014. Shortly after winning the permit, the group more than doubled its planned investment, pledging to spend $7 billion on resort facilities. Many analysts expressed scepticism that the island,...

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