Imperial Pacific names high-profile advisers from US
Updated: 2016-04-25 13:58
By BIAN JIBU in New York(chinadaily.com.cn)
|
||||||||
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, former governor of Pennsylvania Edward Rendell; former governor of New York David Paterson; and former director of the Federal Bureau of Investigation (FBI) Louis Freeh, are all former high-profile individuals in the US' political scene.
They have been appointed members of the company's advisory committee with effect last week, Imperial Pacific said.
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 statement.
"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," it said.
Freeh headed an investigation group that produced the report used by casino operator Wynn Resorts Ltd in 2012 to justify the ousting from that company of former director Kazuo Okada. The Japanese businessman at the time was Wynn Resorts' largest single shareholder. The report concluded that Mr Okada and his associates had allegedly made payments totaling $110,000 to executives of the Philippines gaming regulator, breaching United States anti-corruption laws. Okada denied that. The matter is still being disputed in the US court system.
Okada was awarded a licence in 2008 to operate a casino in what is now known as Entertainment City, in the Philippine capital Manila. His Manila Bay Resorts is scheduled to open in December. Imperial Pacific currently operates a "temporary casino" on Saipan, a Pacific island that forms part of the US Commonwealth of the Northern Mariana Islands. The $25-million gaming venue began operations last year.
The company started the construction of a $500 million casino resort - the "Grand Mariana" - in mid-2015. The Grand Mariana is expected to open in the first quarter of 2017.
bianjibu@chinadailyusa.com
- The world in photos: April 18- April 24
- People have fun in pillow fight held in Kiev
- Laotian wives in East China
- Couples get married in their 'birthday suit'
- Teenagers play Chinese instrument Zheng in Hubei
- In pics: Top 10 richest cities in China
- Readers at a 24-hour bookstore in Beijing
- Flame for Rio Olympics lit in ancient Greek ruins
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
Liang avoids jail in shooting death
China's finance minister addresses ratings downgrade
Duke alumni visit Chinese Embassy
Marriott unlikely to top Anbang offer for Starwood: Observers
Chinese biopharma debuts on Nasdaq
What ends Jeb Bush's White House hopes
Investigation for Nicolas's campaign
Will US-ASEAN meeting be good for region?
US Weekly
Geared to go |
The place to be |