Development around Imperial Pacific International never seems to stop, as it has been confirmed only recently that former Chief Executive Officer Mark Brown is planning to re-enter the structure of the casino developer. This move is being done in order to ensure that the final stages of its High Roller integrated resort will go according to the plan and without any hiccups on the way.
The future Imperial Pacific Casino has been a juicy topic ever since the beginning of construction work on site on Saipan. Following several delays in the construction and the ultimate extension of the project deadline, the first days of October brought the news that Chief Executive Officer Henry Cheang is bowing down without many details disclosed. Now it has been confirmed that Mr. Brown is going to make his way back into the company as the Interim Chairman, even though he has not been part of it for the past almost a year.
Former CEO Returns to His Leading Position
Shortly after the exit of Mr. Cheang, the Hong-Kong-listed company commenced a conversation with its former CEO seeking renewed partnership relying on Mr. Brown’s proficiency in the field in such a crucial time. The casino resort currently in construction mandates expert influence in this formative months prior to its official launch. Come 1st November, Mr. Brown is going to resume his position in the structure of Imperial Pacific International.
Earlier this month he paid a visit to the site of construction of the future premium resort, as he was interested in the progress. Moreover, he had personal meetings with government officials further establishing his ongoing interest in the casino resort despite his previous retirement. It could be recalled that December 2017 saw him file his resignation letter, listing “family reasons” as the main incentive for the move. Before his retirement, he has spent the years since November 2014 occupying the President and CEO position of the integrated resort project in Saipan.
Throughout the years he has proven his proficiency thanks to his leading positions as the President of the Venetian Macao and Sands Macao from 2006 to 2009. Later on, he was also closely involved in the Cambodian subsidiary company NagaWorld as its Chief Operating Officer. Until the casino resort is ready to launch operation around the end of February 2021, there is another temporary gaming venue in operation in the region – the Best Sunshine Live one which commenced operation in 2015.
Recent Filipino Workers Firing Narrows Workforce
In the meantime, the US Department of Labor continues its extensive investigation into the complicated situation involving 80 H-2B workers recently fired from the project. The Filipino individuals were employed with the temporary visas usually utilized for such purposes. Their contracts have recently been extended to 30th January 2019 after they were supposed to end at the beginning of September.
At the moment, said employees discuss the subject with the Wage and Hour Division providing more information on the subject and the exact circumstance. They had until 30th October to reach labor investigators via the phone number provided. The entire process is going to facilitate further by translators of those workers who need such help. What should be noted, is that this thorough inspection does not constitute a labor law breach.
What I was looking forward to hearing last night was the truth about Imperial Pacific (IPI) and it’s financial stability to continue with the project. I wanted to hear why they didn’t ensure construction completion… https://t.co/tWIEr4tLGO
— Juanita Mendiola (@mendiola2014) October 14, 2018
The rumor mill is going a top speed at the moment, as the region is seeing speculations that International Pacific International is eyeing the termination of contracts of another 100 of its construction workers. The uncertain future before the casino project mandates action to be taken, which has prompted the returning of the veteran in the casino field Mr. Brown.
