Asian VIP gaming investor Imperial Pacific International Holdings narrowed its losses in 2015 and plans to spend 2016 getting ready to open its new casino on Saipan.

The Hong Kong-listed Imperial Pacific reported a net loss of HKD 84.4m (US $10.9m) last year, a vast improvement over the HKD 1.56b loss in 2014.

It should be noted that 2014’s numbers suffered from a HKD 1.3b impairment charge related to the company’s unprofitable profit sharing deal with Macau casino junket operator Heng Sheng Group, while 2015’s numbers enjoyed a HKD 221m gain from the premature end to that Heng Sheng relationship.

Imperial Pacific’s 2015 revenue improved 67% to HKD 932m, thanks in part to the July opening of the company’s new temporary casino on Saipan. The temporary facility boasts 12 VIP gaming tables, 34 mass tables and 106 electronic gaming machines.