MINUTES
May 23, 2019

I. PRELIMINARIES:

A. Call to Order

Chairman Juan Sablan called the meeting to order at 10:13 am on Thursday, May 23, 2019 at the Conference Room located on the 2nd Floor of the Commission's main office at the Springs Plaza in Gualo Rai, Saipan.

B. Roll Call

Commissioners present at the meeting were: Juan M. Sablan (Chairman), Joseph C. Reyes (Vice Chairman), Ramon M. Dela Cruz (Secretary), Alvaro A. Santos (Treasurer) and Diego M. Songao (Public Affairs/Media Relations).

C. Adoption of Agenda

Chairman Sablan suggested that item VI.C. be removed from the agenda, or otherwise deferred until the next Commission meeting. Vice Chairman Reyes asked for further information on the matter from the Executive Director. The Director explained that the CCC issued an order to IPI in regards to the Minimum Bankroll Requirement and has since been tracking their compliance. He noted that there was a Stipulated Agreement that covered the period up to February 27, 2019, and that the CCC has been in discussions about the events that have occurred since then to date. He added that IPI management had requested to defer the agreement for further review and discussion. The Director noted that there's an interest to do a global settlement to cover all non-compliance issues to date, and that they anticipate finalizing the agreement in the first week of June. He added that details may be discussed further in executive session, if necessary.

The Chairman stated that he would like to discuss item VI.D. CCC Order 2019-004, in executive session and then return to regular session for the Commission to take action. The Director noted that because item VI.C. will either be removed or deferred, the numbering of the order under item on VI.D. should reflect CCC Order 2019-003.

Commissioner Dela Cruz made a motion to adopt the agenda as amended, seconded by Vice Chairman Reyes. The motion was put to a vote and unanimously approved.

D. Adoption of Minutes: April 25, 2019

Commissioner Santos made a motion to adopt the minutes of April 25, 2019, seconded by Commissioner Dela Cruz. The motion was put to a vote and unanimously approved.

The Chairman noted that the only change needed is to the typing error in the fourth paragraph on the second page under Reports (S14M to be corrected to $3.4M).