EUR/USD 1.18739
0.030%
Gold 5032.54
2.252%
Oil 62.595
-0.242%
USD/JPY 152.752
0.012%
GBP/USD 1.36557
0.249%
GBP/JPY 208.597
0.270%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. War Department: Last night, the U.S. military conducted a boarding, interception, and landing operation on the (VLCC) Veronica 3. The ship had been tracked from the Caribbean Sea to the Indian Ocean, attempting to defy quarantine orders.On February 15th, local time, Ibrahim Rezaei, spokesperson for the Iranian Parliaments National Security and Foreign Policy Committee, stated that the current negotiations did not discuss Iran halting or abandoning its uranium enrichment activities, nor did they discuss removing Irans nuclear materials from the country; these issues have been accepted by the United States. Rezaei stated that the Geneva negotiations are unrelated to the missile issue or regional issues. Iran believes that Israel is the primary issue in the region. The threat from Israel should be excluded from the Geneva negotiations and discussed with other countries in the region to ensure their development, peace, and common interests. Rezaei emphasized that the Iranian negotiating team has prepared a negotiating plan, "but considering the United States past record, we are not very optimistic about the outcome of the negotiations."On February 15th, Yum China Holdings Limited (09987.HK) announced on the Hong Kong Stock Exchange that on February 6th, 2026 (US time), the company granted certain equity incentives to certain grantees under its 2022 Long-Term Incentive Plan, involving 190,046 stock appreciation rights; 477,790 restricted stock units, of which 86,282 were granted to the companys Chief Executive Officer and Director, Qu Cuirong; and 305,204 performance stock units, of which 103,538 were granted to Qu Cuirong. As previously disclosed, Wei Zhe was appointed as a member of the Nomination and Governance Committee of the Board of Directors, effective December 12th, 2025. On the grant date, the company granted 86 shares to Wei Zhe under the 2022 Long-Term Incentive Plan. These shares were granted as stock-based remuneration for his role as a member of the Nomination and Governance Committee from December 2025 to May 2026, and calculated pro rataly.The Ukrainian military reported an attack on the Taman oil terminal in Russias Krasnodar region.February 15th - According to Hong Kong Stock Exchange filings, Shanghai Greely Software Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with Guotai Junan International and CMB Capital as joint sponsors.

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

Haiden Holmes

Jun 16, 2022 10:50

4.png


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.


Suggestion