The court-appointed receiver tasked with selling off Imperial Pacific International’s gaming equipment has now been handed the keys to the troubled casino operator’s liquor vault, according to local media reports.
The District Court for the NMI this week granted the motion of former IPI director of operations Joshua Gray to provide Clear Management Ltd with access to the vault in order to raise the funds to satisfy a US$5.69 million judgement against IPI in Gray’s favor. Gray previously won a litigation lawsuit against IPI for discrimination.
Speaking with Inside Asian Gaming this week, Clear Management’s Tim Shepherd said it was yet to be determined whether IPI’s wine inventory had survived the past few years being stored in hot and humid conditions, although he expected the collection of fine liquor to have fared better.
Shepherd also confirmed that Clear Management has been ordered to sell “literally everything else apart from the building itself”, including cars, trucks, passenger vans, limousines, kitchen equipment, laundry equipment, grand pianos and the Crystal Dragons that currently adorn the hotel lobby of Imperial Palace • Saipan.
Having already held half a dozen auctions of IPI’s casino equipment, Clear Management will conduct a new series in the months ahead to sell off the above items.
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