Saipan casino operator Imperial Pacific International (IPI) has finally named a new CEO after being threatened with the revocation of its gaming license if it didn’t find someone to occupy the executive hot seat.

On Monday, the Saipan Tribune confirmed that IPI had appointed its senior VP for security and surveillance Donald Browne as the company’s new chief executive. IPI’s senior VP for public affairs Tao Xing said Browne’s appointment was made official as of July 17.

Browne’s appointment came three weeks after Commonwealth of Northern Mariana Islands (CNMI) gambling regulators ordered IPI to announce a replacement for Mark Brown, who abruptly exited the CEO’s corner suite last December (for the second time), leaving the Commonwealth Casino Commission with no one to query regarding IPI’s mounting challenges.

Considering IPI’s status as a going concern is practically a day-to-day decision, it’s hard to see why Browne with an ‘e’ would want the job. Seriously, if IPI was a ship it would be named ‘Saipanic’ given that it appears almost guaranteed to suffer the same ignominious end as a certain doomed ocean liner.