Commission Order 2020-003 requires IPI to maintain sufficient funds for three months’ payroll while Commissioner Order 2020-004 requires IPI to meet its obligations to both private vendors and the government including contribution to community benefit fund.
By appointing Donnie Browne as its new chief executive officer, IPI has complied with Commission Order 2020-002, which requires the casino investor to appoint a CEO.
IPI was given until Aug. 7 to comply with orders 2020-003 and 2020-004.
In an interview on Wednesday, casino commission acting Executive Director Andrew Yeom said their investigation should not take more than two weeks.
If there is a clear violation by IPI, he said he would most likely issue a notice of complaint against the casino operator.
The consequences of noncompliance include the revocation of the exclusive casino license, Casino Commission Chairman Edward C. Deleon Guerrero said.
“I’m sorry to say, but we have to revoke the license and the game is over,” he told IPI officials in June.
