Things are going well for Imperial Pacific International Holdings Ltd.’s venture in Saipan, at least for the first quarter of the year.
The Hong Kong-listed firm’s temporary casino on the Pacific Island, which forms part of the U.S. Commonwealth of the Northern Mariana Islands, posted an unaudited overall gross gaming revenue (GGR) of US$186.6 million in the first three months of 2016.
This means the Saipan casino raked in an average of US$62.2 million monthly, up by 36 percent compared to the monthly average in November and December of 2015. VIP revenue in the first quarter of 2016 reached US$176.9 million, while mass table gaming segment contributed US$8 million and slot machines posted US$1.8 million.
In its filing to the Hong Kong Stock Exchange, Imperial Pacific also noted that VIP table gaming rolling chip turnover for the first quarter was US$6.1 billion or about US$2 billion monthly, representing a 30 percent increase compared to the monthly average of US$1.6 billion in November and December last year.