Imperial Pacific names new CEO, chairman, inks new contractor

Saipan casino operator Imperial Pacific International Holdings (IPI) has welcomed new senior management as it fends off fresh calls for the imposition of a gaming revenue tax.

On Wednesday, the Saipan Tribune reported that IPI had appointed Marco Teng as the new chairman of its board of directors, while Henry Cheang has been named IPI’s new CEO.

According to the Tribune report, Teng will assume oversight and supervision of IPI’s hotel operations, while Cheang – a 12-year casino veteran with stints at multiple Macau operators – will oversee gaming operations.

Both of these senior roles were previously filled by Mark Brown, who switched from IPI’s CEO to the chairman’s seat in January 2017, but who resigned as chairman on December 20. The CEO role had been assumed by IPI’s chief operating officer Kwong Yiu Ling.