Saipan casino operator Imperial Pacific International Holdings (IPI) is changing the way it reports its monthly VIP gambling turnover, in that it won’t be doing it anymore.
In a filing with the Hong Kong Stock Exchange on Monday, IPI announced that VIP gambling turnover at its temporary gaming venue Best Sunshine Live was “more than US $2.5b” in the month of May. The figure represents an improvement from April’s $2.15b, although by how much the company isn’t saying.
Nor does IPI intend to report such specifics in future filings. Monday’s notice includes the statement that IPI will henceforth announce its specific monthly VIP turnover figure “only when it is less than US $2.5b. Otherwise no announcement will be made therefor.”
The announcement doesn’t explain why the company is opting for this new veil of secrecy, stating only that IPI “will review its business circumstances from time to time and consider to publish monthly gaming net win in due course.”