Okada Manila, one of the largest casino resorts in the Philippines, said has agreed to merge with 26 Capital Acquisition Corp., a Miami-based special purpose acquisition company founded by former casino analyst Jason Ader, in a deal that values the gaming company at $2.6 billion.
With a construction budget of $3.3 billion, Okada Manila has been opening progressively and currently operates nearly 35,000 square meters of gaming space with 599 gaming tables and 4,263 electronic gaming machines. When fully completed next year, the casino resort will have 974 gaming tables and 6,890 electronic gaming machines.
Based in Singapore, I am a contributing editor for Forbes Asia, covering entrepreneurs, wealth and deals across Southeast Asia. Prior to joining Forbes, I worked forBased in Singapore, I am a contributing editor for Forbes Asia, covering entrepreneurs, wealth and deals across Southeast Asia. Prior to joining Forbes, I worked for several media organizations in the past two decades, including Bloomberg and Thomson Reuters.
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