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Saipan, an island in the Commonwealth of the Northern Mariana Islands, is the imperial pacific casino US territory to China and measures just The site of a battle in World War II, it legalised casinos in and is reinventing itself as a destination for Chinese tourists, who are granted day visas on arrival.
Reporting by Daniel Stanton; Editing by Vincent Baby.Credit investors have had the chance to gain exposure to casinos in Australia, Macau, the Philippines, Malaysia and Singapore through US dollar and Asian local currency bonds, but this deal will open up a new territory and another way to gain exposure to Chinese gamblers. Imperial Pacific said it had hired an international accounting firm to review its anti-money laundering procedures and would provide extensive training to all employees. Its flagship project will have five-star accommodation in hotel suites, including 15 luxury villas, with more than gaming tables and slot machines, according to the company website. It expects to open the resort in time for Lunar New Year , with the hotel opening by March , and anticipates having nine restaurants with a lofty target of 17 Michelin stars between them, according to its interim report. There are no restrictions on the number of tables that Imperial Pacific can operate, and it could potentially open more casinos on Saipan in the future. All accounts are pledged to the benefit of prospective investors. Imperial Pacific used to be a processor of frozen food, but discontinued that business in May this year, according to its interim annual report.