Benzinga · Oct 15, 2021
Philippines Casino Okada Manila Going Public Via SPAC: What Investors Should Know
The largest integrated resort in the Philippines will become publicly traded as part of a SPAC deal announced Friday. The SPAC Deal: Okada Manila announced a SPAC merger with 26 Capital Acquisition Corp (NASDAQ: ADER) valuing the company at an enterprise value of $2.6 billion. 26 Capital is a SPAC led by Jason Ader, who has an extensive track record in the gaming and hospitality industry. Ader was an independent director for Las Vegas Sands Corp (NYSE: LVS) from 2009 to 2016. About Okada Manila: Located in Entertainment City, Manila, Okada Manila is the largest integrated gaming resort in the Philippines by ...

