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Casino investor Imperial Pacific warns of likely 2018 loss

The group controlling the Imperial Pacific Resort (pictured), a casino property on the Pacific island of Saipan, says that – based on unaudited data – it expects to swing from annual profit in 2017 to a loss for the year to December 31, 2018. Imperial Pacific International Holdings Ltd said in a Friday filing to the Hong Kong Stock Exchange that the expected deficit was “mainly attributable to the decrease in total revenue and the impairment of trade receivables”.

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