Former IPI Manager Granted Access to Imperial Palace Casino’s Liquor Vault to Settle Outstanding Debt
Posted on: November 2, 2023, 10:51h.
Last updated on: November 2, 2023, 04:47h.
Joshua Gray, a former Imperial Pacific International (IPI) manager, won a seven-figure lawsuit for discrimination several months ago. IPI never paid or settled the suit with Gray and so, on Tuesday, Chief Judge Ramona V. Manglona approved a request from Gray’s attorneys to access the liquor vault in order to recoup the missing funds.
The court then approved a request for Gray’s case to become part of a growing receivership Clear Management Ltd controls. With most of the Imperial Palace assets added to a list of items available for confiscation to cover IPI’s mounting debt, a judge has cleared the path for the casino’s liquor vault to be included.
CNMI courts currently have the lock for the liquor safe. With Manglona’s approval, Clear Management and its senior partner and director, Tim Shepherd, will take possession of the key to inventory the contents.
The details of what’s inside the liquor vault are unclear. However, as with most casinos, provided the vault wasn’t previously emptied, there should likely be a considerable array of high-end wines, champagnes, whiskeys, and more.
The vault is just one of the items that Clear Management can use to settle IPI’s debt with Gray. Almost all other Imperial Palace assets are available for the claim. They can also settle additional outstanding claims with the CNMI and creditors.
IPI to Remove Left Behind Cranes
Since the Imperial Palace property was shuttered in 2020, it has deteriorated and has become a safety hazard in the area.
The CNMI recently ordered IPI to remove the cranes left behind to keep the Department of Public Works from bearing the expense, as had previously been planned. IPI has agreed to remove the cranes, Marianas Variety reported this week. The company has contracted the services of a construction company, Ocean B LLC, which will charge $150K for the job.
No information is available about when Ocean B will remove the cranes. The company is working with local officials to coordinate and receive final approval for its work.
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Source: casino.org
