Sept. best month yet for Best Sunshine Imperial Pacific International Holdings says it’s already accepting advance bookings from China and Japan for its new luxury resort scheduled to open on Saipan at Chinese New Year 2017. The company is counting on the new property to ease capacity restraints and unlock the island’s growth potential.
mperial Pacific reported its best month yet in VIP rollings in Sept., with the numbers picking up after several flat months that raised concern the temporary casino may have reached saturation point. The casino took in $3.95 billion, its best month since opening. The figure tops the previous high set in April of $3.18 billion, after which the casino reported several months of declining or flat VIP roll. The company has previously warned that until more facilities come online, further growth is likely to be limited due to capacity constraints at the temporary casino. For the first half of this year, total revenue reached HK$3.98 billion ($513 million),
Asia Gaming Briefings | November 2016
with revenue from VIP gaming operations making up the bulk at HK$3.82 billion. Mass gaming operations generated HK$122.2 million, while slots and ETGs came in at HK$26.8 million. Adjusted EBITDA was HK$1.24 billion, compared with a loss on that basis of HK$82.59 million. The company will open its new resort early in 2017. The Grand Mariana hotel is scheduled to have 350 hotel rooms and 15 villas. The casino will open with 300 tables, 180 VIP only, and 500 slot machines. Meanwhile, junket operators have been lining up to operate on the island and supply Best Sunshine with international VIP players. The Commonwealth Casino Commission
said it has returned some of the applications of junket operators and is still going through the vetting process for the junkets. “We have 17 other applicants but we took some of them and we turn them back. There are certain areas that they are missing and have not yet completed or complied with. Some of them have re-submitted their applications,” commission executive director Edward Deleon Guerrero said. In September, CCC issued a provisional license to Korea-based junket operator, Big Bang Entertainment, which remains the only one through the gates at the moment. Tourism numbers from South Korea in particular have been booming, helped by new