The impairment of trade receivables of Saipan casino operator Imperial Pacific International Holding that are due to customers widened by 38 percent in the first half of the year.

In a filing before the HongKong Stock Exchange, Imperial Pacific announced that the company’s impairment of trade receivables grew to HKD2.08 billion (US$266.1 million) from HKD847 million (US$108.36 million) in the prior-year period.

The bulk of the impairment trade receivables came from its 10 largest customers which amounted to HKD1.27 billion (US$162.9 million) in the six months to June 30. Impairment of trade receivables due from the remaining customers of the Group amounted to HK$807 million (US$103.24 million).

“[The] provisions were made based on a review of individual customer’s facts and circumstances (such as financial position and ongoing dialogue on settlement arrangements), ageing of the outstanding amounts and any subsequent repayments,” the firm reported.