SAIPAN: A CHINESE CASINO HAS CONQUERED A PIECE OF AMERICA

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On 15th February, Bloomberg published an article about a Chinese-built casino on the Pacific US island of Saipan.  It claims that per capita there’s almost certainly more Chinese money moving through Saipan than anywhere else in the world.  In 2014, the company involved, Imperial Pacific extracted extraordinary terms: a 25-year monopoly on the casino trade and a deal to pay no gambling-specific taxes. Virtually whatever money the Chinese generated at their tables, they could keep.

https://www.bloomberg.com/news/features/2018-02-15/a-chinese-company-has-conquered-a-piece-of-america

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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