CNMI On line casino is going through asset gross sales because of wage points

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A casino operator in the Northern Mariana Islands, Imperial Pacific International, will be forced to sell its fortune if it fails to pay the more than $ 1.2 million it owes by early March.

The U.S. District Court for NMI ordered the company to pay outstanding wages to 136 former employees from 2016 to 2017.

Inside the Imperial Pacific Casino in Saipan, CNMI. September 30, 2019.
Photo: Imperial Pacific Casino

In the event that IPI fails to provide the funds, a receiving agency will be set up to sell IPI assets.

IPI has so far made a payment of $ 233,000 to the U.S. Department of Labor, of which $ 36,000 went to underpaid workers.

USDOE also wants IPI to set up an escrow account to cover future payrolls and is considering a deposit of $ 800,000 as an acceptable amount for two months' payroll.

In addition to the ultimatum against IPI, USA. The District Court of NMI Chief Justice Ramona Manglona also upheld the work interruption ordinance for IPI employees last week, but changed it to allow all other departments except construction workers to go back to work.