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 Black Tie International Magazine: Saipan

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Black Tie International Magazine:

Imperial Pacific Resort Hotel


Imperial Pacific Resort Hotel,

Imperial Pacific Resort Hotel,
 which features the only full-service casino resort in the Marianas and Micronesia,




Imperial Pacific International (CNM)., LLC

 Local employment grows as Imperial Pacific

provide NMIís much-needed economic activity

Imperial Pacific Resort Hotel,

continues to generate much needed economic activity for the Northern Marianas

and provides for additional revenues and resources that pays

critical government services and obligations.

The Hong Kong-based investment giant is also being credited for diversifying the local

employment landscape.

There is already a sense of optimism among residents as a result of a revived economy.

 In the nearly three years on Saipan, the multimillion-dollar investment of IPI

has opened up job opportunities to those that are considering careers

 in the casino-resort industry.

Never before that such number of skills development, professional development,

 training programs and seminars have been made available locally.

These are to cater to dozens of new job positions that are now available

 within the casino-resort flagship investment of the Hong Kong-based company.

IPIís presence helped lift the NMI governmentís challenge

 to rebuild the local employment sector.

Since 2014, the number of local/U.S. residents employed by Imperial Pacific

continues to grow, as the company remains the largest private employment source

 for both residents and foreign workers.

There are now about 1,800 employees working for the casino-resort company.

 These are retirees, new graduates, residents and foreign workers.

The foreign workers are EAD, H-1B, E3 and CW1 holders.

The payroll withholding taxes paid by these workers alone have already yielded

 the local economy $8 million in additional revenue at the end

 of the second quarter of this year.

In total, Imperial Pacific has poured in over

$700 million in combined investments ($500 million in construction)

and taxes and fees (over $200 million).

This is by far the single largest revenue/economic source for the local economy

since the departure of the garment industry nearly 20 years ago.

As a result of these investments, public services, in particular,

the NMI governmentís pension liability has also received much-needed reprieve. 

In 2013, a U.S. district court approved a settlement agreement

 with the NMI governmentís pension plan, which applied for bankruptcy in 2012.

Two years later, when Imperial Pacific decided to invest on Saipan,

 the $25 million casino licensee fees was tapped to restore the 25 percent reduction

 of the retirees benefits and beneficiaries pensions.

There are over 3,000 NMI retirees

that have benefited from Imperial Pacificís contributions.

Meanwhile, Imperial Pacific is aggressively recruiting locally for more workers

 who are willing to join and be part of an exciting new industry.

Over the past month,

recruitment fairs were held on Saipan, Rota, Tinian, Guam,

Ponhpei, Majuro, Hawaii, Las Vegas, New York and Puerto Rico.

In addition, it has partnered with colleges, universities and trade schools on Saipan

 and the mainland U.S. for internship programs that

Imperial Pacific have made available.

Job hiring announcements are also available on Imperial Pacificís website,,

 local newspapers, the websites for the CNMI, Hawaii, Guam and Puerto Ricoís

Department of Labor, and on the website Monster Jobs. ###

ross domestic product increased by
28.6 percent in 2016

saipan Tribune
sai[an employment chart

Employment impact of Imperial Pacific Resort Hotel

Gerard Mc Keon and Joyce Brooks.  Photo by:  Rose Billings/

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