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On January 18th, thousands of Danish residents held a demonstration in Copenhagen, the capital, on the 17th to protest the United States attempt to control Greenland. Some of the demonstrators were from mainland Denmark, while others were from Greenland. Around noon, the march began at Copenhagens City Hall Square and proceeded to the US Embassy in Denmark, about two kilometers away. The demonstrators held signs reading "Greenland Not for Sale" and "Americans, Get Out," chanting slogans to express the Danish peoples united stance against the USs attempt to seize the island.1. Russia says it hopes to resume the prisoner-of-war exchange process between Russia and Ukraine. 2. Zelensky: The Ukrainian delegation has arrived in the United States. 3. Zelensky orders the import of electricity and additional power equipment to be expedited as much as possible. 4. Zelensky: Energy repair work is underway in almost all regions of Ukraine. 5. Russian Ministry of Defense: Russian forces have taken control of Priluki in the Zaporizhzhia region of Ukraine. 6. The Russian Ministry of Defense reports that Russian forces have struck energy and transportation infrastructure used by the Ukrainian army, as well as temporary deployment points of the Ukrainian armed forces and foreign mercenaries.January 18 - As tensions continue in Minneapolis, Minnesotas largest city, Minnesota officials announced on the 17th that the states National Guard was on "standby." That day, pro-immigrant and anti-immigrant groups clashed in downtown Minneapolis.JPMorgan Chase confirmed that US President Trumps statement that he did not offer CEO Jamie Dimon the position of Federal Reserve Chairman was true.Gaza Situation: 1. Israel issued an ultimatum to Hamas: disarm within two months. 2. Canadian Prime Minister Carney has received an invitation from US President Trump to join the Gaza Peace Committee, and he plans to accept the invitation. 3. The Israeli Prime Ministers Office: The US decision to declare the Gaza Executive Committee subordinate to the Peace Committee was made without coordination with Israel and contradicts Israeli policy. Israel will raise this issue with the US Secretary of State. Iran Situation: 1. Iranian Armed Forces Chief of Staff: Hostile forces are distorting the facts through the media. 2. Iranian Supreme Leader Khamenei: We will not drag the country into war, but we will not let criminals, both domestic and foreign, go unpunished. 3. Text messaging in Iran was restored on the evening of the 16th local time; internet connections will be gradually restored in stages. 4. Iranian Supreme Leader Khamenei stated that the US instigated and orchestrated the unrest in Iran, and Trump is guilty. Other: 1. US-led coalition warplanes flew over the conflict zone in northern Syria, dropping warning flares. 2. The Syrian Democratic Forces (SDF) announced their withdrawal from the "contact zone" in Aleppo province. 3. The Syrian government forces claimed control of two oil fields in the north. 4. The U.S. Central Command urged the Syrian army to cease its offensive operations between Aleppo and Tabqa in northern Syria. 5. The Iraqi Ministry of Defense announced that U.S. troops had withdrawn from the Ain al-Asad Air Base in Iraq, and Iraqi forces had taken full control.

Nasdaq-listed 26 Capital Will Seek A $2.5 Billion SPAC Transaction With A Casino in Manila

Haiden Holmes

Jun 16, 2022 10:50

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Wednesday, the CEO of 26 Capital Acquisition Corp said that the company remained dedicated to its $2.5 billion acquisition of the Philippines' largest integrated casino-resort, despite a control dispute involving the present owners.


Okada Manila, a 44-hectare (108-acre) property owned by companies of Japan's Universal Entertainment Corp, decided in October to combine with 26 Capital and go public in the United States.


However, the transaction has been involved in a protracted battle between Universal and its former chairman and founder, Kazuo Okada.


This conflict took a dramatic turn on May 31, when Okada's Filipino partners, aided by private security guards and local police, gained physical possession of the $3.3 billion casino in the Philippine capital.


"I anticipate Universal will regain control of Okada Manila in the near future," Jason Ader, chairman and chief executive officer of Nasdaq-listed 26 Capital, told Reuters. Both sides want to finalize the deal.


After the Philippine Supreme Court declared in April that Okada should be reinstalled as chairman of the casino's owner and operator, the casino was seized.


Tiger Resorts, the domestic subsidiary of Universal, has challenged the verdict and what it called a "illegal and brutal" acquisition.


A U.S. listing would provide Okada Manila with access to a variety of finances, clients, and lenders, according to Ader, who added that investors believe the Philippines has the potential to become one of the world's top gaming markets.


In a statement, Vincent Lim, a spokesman for Okada Manila's current administration, denied any violent takeover and said that since Okada's return, hotel occupancy rates and casino gaming activity had increased. "His reappearance has restored and revitalized consumer and shareholder trust."


The Philippines' casino industry has begun to recover from the epidemic, with total gaming revenues increasing 14 percent to 113 billion pesos ($2.12 billion) in 2021, albeit still below the record-breaking 256 billion pesos in 2019.


In contrast, Macau, the largest gambling hotspot in the world, continues to suffer under Beijing's "zero-COVID" policy.


Okada was removed from the boards of Universal and its Philippine subsidiary in 2017 on suspicion of misappropriating corporate cash, which he denies.


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