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On September 21, Ukrainian President Volodymyr Zelenskyy stated that he spoke with US President Donald Trump that day, and the two agreed to meet in New York. Zelenskyy said that this meeting "could bring about important changes," and that the diplomatic process is currently underway.On September 21, the Wall Street Journal reported that the Trump administration is preparing broader sanctions against the International Criminal Court (ICC) to expand its previous pressure campaign against the institution. According to documents, the new measures could prohibit most transactions with the ICC after a six- to seven-month grace period and may restrict its use of the US dollar, thus affecting its participation in the global financial system. The report, citing officials, stated that the final decision and announcement date are yet to be determined, but could be announced as early as this week during the UN General Assembly or in the following days. A State Department spokesperson did not disclose specific sanctions but stated that Secretary of State Marco Rubio believes the ICC poses a threat to US sovereignty. Previously, the US has sanctioned several ICC officials, including former Chief Prosecutor Karim Khan, ICC President Tomoko Akane, and several judges and prosecutors. The proposed measures would expand from targeting individuals to targeting transactions with the court as a whole. The deterioration in US relations with the ICC is linked to the courts 2024 arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Israeli Defense Minister Yoav Galant.On September 21, U.S. President Donald Trump will meet with New York City Mayor Nancy Mamdani at Gracie Mansion, the official residence of the New York City mayor, on Monday. Mamdanis office stated that the talks will focus on issues affecting New York City and its residents, but did not release a specific agenda or meeting arrangements. White House officials confirmed the meeting plans but did not provide further details. This will be Mamdanis third face-to-face meeting with Trump since being elected mayor.According to the Wall Street Journal, the Trump administration is preparing to impose sanctions on the International Criminal Court.Slovak Prime Minister Fico: We will not support any actions that could lead to conflict between NATO and Russia.

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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