CEO leaves troubled Saipan casino operator

Barely a year after he assumed the post, Henry Cheang has stepped down from his position as chief executive officer and chairman of Imperial Pacific International. Cheang, who also filled the role of chairman since August, was the third IPI executive to leave the company. His predecessor, Marco Teng, resigned in early August, followed by board executive director Cai Lingli.
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CalvinAyreNews
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Strong men believe in cause and effect.

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—Ralph Waldo Emerson

8th October 2018
CalvinAyre Newsletter
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INVITE FRIENDS
Imperial Pacific CEO leaves troubled Saipan casino operator
Adieu

The Story

Barely a year after he assumed the post, Henry Cheang has stepped down from his position as chief executive officer and chairman of Imperial Pacific International. Cheang, who also filled the role of chairman since August, was the third IPI executive to leave the company. His predecessor, Marco Teng, resigned in early August, followed by board executive director Cai Lingli.

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Bitfinex denies insolvency allegations

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With the financial troubles of Noble Bank, where Tether’s dollar reserves are supposedly located, Bitfinex has felt the need to dismiss claims of insolvency.

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PRESS RELEASE

Pragmatic Play completes Estoril deal

The agreement will see Pragmatic Play’s premium content, including recent releases Da Vinci’s Treasure, Peking Luck and Madame Destiny, rolled out with the Portuguese operator ESC Online.

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SHOUT OUT
Congratulations to ONE Championship, which has successfully closed a $166m Series D financing round, bringing the company’s total capital to over $250m. The latest financing round was led by Sequoia Capital, with new investors like Temasek and Greenoaks Capital also participating.
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