US SPAC to move ahead with listing of Okada Manila casino despite dispute

Photo: Pixabay

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 US by merging with 26 Capital Acquisition, a special purpose acquisition company (SPAC), in a deal that values the casino at $2.5 billion.

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