Temp casino generated B-plus in April
Imperial Pacific International Holdings Ltd., which is raking in the revenues thanks to its Best Sunshine Live casino on the island of Saipan, expects a meaningful boost in its results for the first half of 2016.
According to GGRAsia, the temporary casino, which opened in November with 16 VIP gaming tables and 32 mass-market tables, has been bringing in average monthly rolling chip volumes of around $2.17 billion, with a record-setting $3.19 billion in April. In May, the firm said its VIP gaming operations in Saipan had reached saturation.
“The expected turnaround from loss to profit is mainly attributable to the operating profits generated by the temporary casino on the Island of Saipan,” said a statement from Pacific International in a filing to the Hong Kong Stock Exchange.
Saipan is part of the Commonwealth of the Northern Mariana Islands, a U.S. territory. IP won the island’s sole casino license last August and spent $25 million on the temporary facility, which also serves as an employee training center. It is investing an additional $500 million to construct the Grand Mariana Casino and Hotel Resort. The permanent 350-room casino resort is expected to open early next year with more than 400 slots and 200 gaming tables as well as 15 private villas, several restaurants and a nightclub.
Imperial Pacific will publish its first-half results August 22.
