Asia

Northern Mariana issues four casino licenses

Published

6 years ago

October 1, 2018

Niji Narayan

Northern Mariana issues four casino licenses

Photo Source: islandssociety.org

Reading Time: < 1 minute

The Commonwealth Casino Commission of the Northern Mariana Islands has approved four casino licenses.

The new licenses are Jiming Dong’s High Tides (CNMI) LLC, Hongyi Ma’s Stellar Paradise CNMI LLC, Hong Zhang’s Bula Mula LLC, and Ni “Lily” Ren’s Hengqin Guiji LLC. The licenses are for two years and subject to further conditions.

According to Edward C. Deleon Guerrero, the executive director of the commission, the body worked with Imperial Pacific International’s senior vice president for compliance, Charles McDonald, before setting the terms and conditions for the junket operator’s license.

Deleon Guerrero also explained that there are several conditions for the licencees to follow, but highlighted the Anti-Money-Laundering and Terrorist-Financing-Compliance Program for Operating Junkets in the CNMI. Other requirements are a US$1k application fee, a letter of intent from IPI addressed to the commission, a US$6k investigation and vetting fee, a CNMI business licence and a limited-liability establishment for each junket operator.

Source: Focus Gaming News

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.