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Ukrainian lawmakers: The Ukrainian parliamentary committee supported the motion to dismiss the Prosecutor General, with 17 votes in favor and 0 against.On September 14th, according to Axios, former Anthropic researcher Jacob Coxon, Senator Bernie Sanders, and former Trump administration advisor Steve Bannon will join forces at an event on Tuesday to advocate for “human-controlled” artificial intelligence. The Future of Life Institute will host the “Human-Centered AI Conference” on Tuesday. This non-profit advocacy organization is the originator of the “Manifesto for Human-Centered AI,” which calls for protecting human autonomy, avoiding the concentration of power, and demanding corporate accountability. Axios has learned that Coxon, who previously worked at OpenAI, then joined Anthropic, and resigned due to security concerns, will speak at the event. Bannon stated in a statement: “The oligarchs have finally been forced to admit that they lied from the beginning about the dangers of ‘accelerating development without any safeguards’—they have put the nation and all of humanity at risk.” Last weekend, amid a series of worrying cybersecurity incidents stemming from artificial intelligence and deep anxieties about the technologys future, some of the most influential leaders in the field called for a slowdown in development.Market news: Leaders of Scotland, Wales and Northern Ireland have signed a memorandum of understanding on independence.On September 14th, the German Defense Minister announced that Germany will order its fourth new signals intelligence ship, adding that the draft budget has been submitted to parliament for approval. He stated that these vessels are crucial for providing situational awareness in an increasingly challenging security environment. He said, "These ships can hear and see things that others cannot; they are our eyes and ears at sea, capable of sensing and analyzing a vast array of signals and sounds." The German Navy plans to begin receiving these new ships in 2029.Market news: EU antitrust regulators have approved EQTs proposal to acquire SpaceXs satellite launch partner, Exolaunch.

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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