Saipan Casino Operator Delisted from Hong Kong Stock Exchange

The parent company of the troubled Saipan casino operator, Imperial Pacific International (IPI), announced that it would delist from the Hong Kong Stock Exchange on June 17, 2024.

This comes after IPI’s unsuccessful legal attempt to overturn the delisting ruling. The company’s shares won’t be traded anymore, and Stock Exchange rules won’t apply.

Just two months have passed since a Hong Kong court ordered IPI to liquidate because of unpaid debts. IPI’s Saipan casino license is also in danger of being revoked, despite efforts to file for bankruptcy.

The integrated resort of IPI, Imperial Palace Saipan, has been closed since February 2020, and its casino license was revoked in April 2021 as a result of unpaid fines.

Original Story by: Inside Asian Gaming