Marianas Variety

Last updateSat, 21 Sep 2019 12am

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    Friday, September 20, 2019-5:02:44P.M.

     

     

     

     

     

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Casino commission files complaint against IPI

COMMONWEALTH Casino Commission Executive Director Edward Deleon Guerrero on Monday filed a complaint against Imperial Pacific International for failing to pay the full amount of its $15 million annual license fee.

IPI is given 15 days to “cure” the deficiency, Deleon Guerrero said in an interview.

He explained that as executive director, it is his duty to enforce the casino rules, and filing a complaint with the commission in case of violation is a way of doing it.

Deleon Guerrero said IPI is supposed to pay the $15 million license fee plus $502,570 resulting from inflation.

A total of $15,502,570 was due on Aug. 12, 2019, he added.

However, he said he received confirmation from the Department of Finance that IPI wired only $5 million. “There is still $10,502,570 owed,” he added.

“We have issued a complaint today that is going to the commission. That is the way we’re going to enforce this. Now IPI has 15 calendar days to cure the deficiency.”

In the complaint, Deleon Guerrero said the law allows him to impose a $50,000 fine per violation.

A violation was committed on the day after Aug. 12, he added. The fine can be imposed on each of the succeeding days until IPI pays the full amount, he said.

The complaint will be on the agenda when the casino commission convenes its regular meeting on Aug. 28.

Finance Secretary David Atalig earlier told Variety that $5 million was wired to the CNMI Treasury account from a Hong Kong bank by IPI.