Tinian Dynasty Casino license revoked, creditor may take over operations

Casino regulators have revoked the gaming license of Tinian Dynasty Hotel and Casino operator Hong Kong Entertainment (HKE).

On Wednesday, the Tinian Casino Gaming Control Commission (TCGCC) held a special meeting at which commissioners voted 5-0 to cancel HKE’s casino license. The TCGCC justified its decision based on HKE’s failure to meet the requirements of its license.

The TCGCC said HKE had (a) failed to comply with audit requirements for the years 2008 through 2014; (b) failed to keep separate bank accounts in the Commonwealth of the Northern Marianas to handle casino banking transactions; and (c) turned over management of the casino to individuals whose suitability had not been vetted by the TCGCC.

The property’s casino has been closed since last September, which HKE blamed on a lack of customer traffic following Typhoon Souledor. HKE filed for Chapter 11 bankruptcy protection in December and the property announced in March that it was ‘temporarily’ closing its hotel, also due to a lack of customers.