The embattled company running the only casino on the Northern Marianas island of Saipan, Imperial Pacific, says auctioning off its key assets will harm its operations.
A former contractor, Pacific Rim, called last week for the auction of vehicles and gaming machines, after Imperial failed to meet a court ordered debt payment.
Instead Imperial has asked the court to accept its offer to have one of its investors deposit nearly $US6 million in a CNMI bank to secure the money for Pacific Rim.
Imperial also argued that while its gaming equipment is valued at more than $US20 million, the most reasonable price it can get in auction is $2 million.
It said no one else in the CNMI can legally own gaming equipment, which would then need to be sent off-island, making it difficult for Imperial to reopen.
The casino operator also said while its vehicles may be worth about $US6 million, if they go to auction they may only return about $US300,000.
It said sale of its heavy equipment could lead to the non-completion of the casino complex.