Amazing volume raises questions
Imperial Pacific International Holdings Ltd, which holds the sole casino license on Saipan in the Commonwealth of the Northern Mariana Islands, continues to outperform in the U.S. territory. According to GGRAsia, the temporary casino, which will be replaced by a permanent integrated resort before Chinese New Year in February 2017, posted rolling chip volume of $US1.70 billion for the month of November, and US$29.33 billion for its total 13 months of operations, for a 4.6 percent year-on-year increase.
The company has reported that it operates 48 gaming tables and 144 slot machines at the temporary casino, which also serves as a personnel training center. It had a total of 16 VIP gaming tables and 32 mass tables at the end of June.
Last month, Bloomberg News called Best Sunshine “possibly the most successful casino of all time,” and reported that heavy cash flow at the casino were “drawing the attention of law-enforcement officials” in the United States. Imperial Pacific vociferously denied the claim and said it might pursue legal action against the “unfounded report.”
Best Sunshine is posting numbers that “stagger industry veterans,” Bloomberg reported. Daily reported revenue for each of its 16 VIP tables for the first six months of 2016 was about $170,000, almost eight times the average at the largest casinos in Macau, the world’s premier gaming destination.
According to CalvinAyre.com, Imperial Pacific said the “allegations are false” and the property has established “stringent internal control measures” including “an anti-money laundering system to ensure compliance with all applicable United States laws and regulations.” Shen Yan, president of global capital markets at Imperial Pacific, reiterated that assertion in the GGRAsia report.
