September isn’t mainly a good start for the Imperial Pacific International (IPI), as they have been charged $375,000 by the Commonwealth Casino Commission (CCC), as well as lost an appeal before the Ninth Circuit Court in their hopes to deny the release of tax information to the CCC.
Finally On August 27, IPI paid their casino license fee of $15 million. This yearly payment was supposed to have been paid by August 12, but the company failed to pay the agreed amount of contract.
Consequently, CCC Executive Director Edward Deleon Guerrero chose to enforce a $25,000 per day fine for failure to pay the contract fee.
Further Deleon Guerrero explained that:
“IPI was able to settle on Aug. 27, 2019. If you count starting from Aug.12, 2019 [IPI’s payment deadline], it amounts to a total of 15 days.”
While Deleon Guerrero decided to fine the Imperial Palace, he realized that his act may not be legalized, as the full commission must poll to support any action of this nature.
“I need to bring it to the commission in the September monthly meeting. We need their blessings for the stipulating order,” he said.
“The commission needs to review and approve the stipulation but… [the commissioners] have accepted the stipulation and they understand that this is a violation.”
They were charged of not paying the annual contract license fee which was $15million.
Deleon Guerrero explained that:
“Based on communications between IPI and CCC and IPI and DPL, they [IPI] were trying to get the $10 million back for the partial payment of the 2019 annual license fee. That’s why they paid the $5 million, thinking that DPL would return the $10 million.”
It is measured possibly that the full Commonwealth Casino Commission (CCC) will vote to impose the fine.
If that news wasn’t bad enough, last Friday the U.S. Court of Appeals discharged an action by IPI and its affiliates who were looking to try to bar the CCC from getting private income tax information related to the company. In the ruling, the court found that a demand in the agreement between the two entities gave the CCC the right to gain access to this information.
The IPI and their firms had asked the court to block the leak of these monetary statements, appealing that the statements contained close information that was secured by an exposed agreement and by the Open Government Act, which assures the right of privacy in the U.S. and Commonwealth constitutions. The court did not agree, making its ruling with prejudice, thus ending any proceedings in this matter.