ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Travel & Leisure

Listing of Philippine casino Okada Manila still on, says U.S. SPAC

CEO of 26 Capital confident messy boardroom dispute will be resolved

The Okada Manila casino in Entertainment City: Japanese gambling tycoon Kazuo Okada’s group took over the property on May 31 and installed new management. (Photo by Akira Kodaka)

MANILA -- The chief executive of the Nasdaq-listed blank-check company that hopes to merge with Philippine casino Okada Manila says it will move ahead with the plan despite a deepening management dispute over the resort.

Okada Manila is planning to list in the U.S. by merging with 26 Capital Acquisition, a special purpose acquisition company (SPAC), in a deal that values the casino at $2.5 billion.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more