“The rumor of the bankruptcy proceeding is completely false. This rumor is circulating on social media about a senior executive of IPI, and the financial status of the company. The rumor is completely baseless and untrue. If in fact IPI had or will be initiating bankruptcy proceedings, an announcement with the Hong Kong Stock Exchange would have been made. Legal action will be taken against the original online source spreading slanderous fake news.” Stated the operator of imperial casino resort in Saipan.
This is how the operator of imperial pacific resort in Saipan said that they are not going to bankruptcy and assured that will take legal actions in order to end the rumors, the rumors of its impending bankruptcy came following its announcement that it would be looking to raise US$38.3m from a bond placement. It said the proceeds of the sale would be used “for general corporate purposes.”
In August it was given another extension to complete the initial phase of its casino resort until February 28, 2021
