Insight SAIPAN Imperial Palace
Since the inception of the temporary casino in Saipan in July 2015, Imperial Pacific has already achieved performance as the fourth highest VIP rolling chips gaming hub in the world, ranking just after Macau, Las Vegas and Singapore.
Imperial Pacific’s first phase of its Integrated Entertainment Resort, the Grand Mariana, is scheduled to open its doors in late 2016, bringing fresh and energising experience with world class luxurious five-star hotels, shopping malls and restaurants mastered by never-been-to-Asia Michelin-starred chefs from all over the world.
Imperial Pacific is set to mark a new chapter in Saipan's history and strive to transform Saipan into an iconic luxurious world-class tropical limelight destination.
executives from Australia, Singapore and Macau. We used to have a relationship with the Heng Sheng junket out of Macau, and we continue to know the top customers as part of one-to-one relationships. We know who these people are and we’re granting them credit, based on that relationship. Tese are major players, they are billionaires, they own private planes and corporations, so it’s easy for us to run central credit checks. We are very selective about who we give credit to, and as we move forward we’ll shift from credit to just dealing with the junkets that we know.
What is your outlook on the Asian gaming industry?
I’m still very positive. Te issues in Macau and the drop by 50 per cent in VIP play is not because these guys are out of money. Te issues happening in Macau, the things you read about in the paper is making everyone uncomfortable, especially the VIP players. Tey are going to different locations, Maybe they’ll find to Saipan…
I do think that we’ve put a little dent in Australia because we are a closer trip. You have to go past us to get to Australia, so why not stop in Saipan? I think Asian play will continue to remain dominant. If you look at the billions that were gambled, we are just taking a tiny percentage of that spend. If you look at how many VIP names are on a list in Macau, we have
100 per month - with 70 return visits, which is contributing to an average of US$2bn per month roll. Asian play is never going away. Macau will always be the ‘King of Gaming.’ Te numbers are not as stratospheric as they used to be, but anyone in this business would die to have these incredible numbers.
Our goal is to be the next stop after Macau. If you look at our rolling numbers and baccarat play, we’re in fourth spot right now. If you look at the service we offer, the location, growing word-of-mouth and the treatment that we’re giving to VIPs, we are the next best stop out of Macau.
I’ve worked for the biggest names in this industry, whether that’s Donald Trump, Steve Wynn or Sheldon Adelson. When I was at Las Vegas Sands in Macau, there was always a push back against the junkets, that they were too demanding, that they were taking too much money for themselves. Now when you visit the junket rooms in Macau now they all have restaurants and bars.
Here in Saipan we can offer a much more competitive commission to the junkets, and more competitive rebates to the gaming patrons, due to lower gaming taxes. A win-win situation for both the junket and the gaming patrons, why are they not choosing to come over to Saipan?
If you look at the billions that were gambled, we are just taking a tiny percentage of that spend. If you look at how many VIP names are on a list in Macau, we have 100 per month - with 70 return visits, which is contributing to an average of US$2bn per month roll. Asian play is never going away. Macau will always be the ‘King of Gaming.’ The numbers are not as stratospheric as they used to be, but anyone in this business would die to have these incredible numbers.
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