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Imperial Pacific names high-profile advisers from US
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- Freeh
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- Paterson
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- Rendell
Hong Kong-listed Imperial Pacific International Holdings, Ltd. has established a three member advisory committee to provide the firm’s management with “sound strategic and tactical advice.”
The initial members of the committee are all former high-profile individuals in the United States’ political scene. They are former Pennsylvania governor Edward Rendell, former New York governor David Paterson, and former director of the Federal Bureau of Investigation Louis Freeh.
The three men have been appointed members of the company’s advisory committee with effect from Wednesday, Imperial Pacific stated.
“The main function of the advisory committee is to provide the management of the company with sound strategic and tactical advice on issues that the group may face from time to time, including but not limited to business strategies and government relations,” the firm said in a filing.
Imperial Pacific added: “The board has determined that the establishment of the advisory committee with members who have considerable experience of governmental and regulatory policies will strengthen the company’s corporate governance.”
Imperial Pacific currently operates a “temporary casino” on Saipan, a Pacific island that forms part of the U.S. Commonwealth of the Northern Mariana Islands. The $25-million gaming venue, which began operations last year, had a total of 16 VIP gaming tables and 32 mass tables in the first quarter.
The company started the construction of a $500-million casino resort—the “Grand Mariana”— in mid-2015. According to Imperial Pacific, the venue will feature 350 hotel rooms, 15 villas, more than 200 gaming tables, 400-plus slot machines, several restaurants, a beach club, and a night club. The Grand Mariana is expected to open in the first quarter of 2017. (GGRASIA)
