Monday, July 15, 2024

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Universal points an accusing finger at SPAC in Okada Manila dispute

Universal Entertainment, the parent company of Okada Manila casino resort, has denied the allegation hurled against them by 26 Capital, the special purpose acquisition company (SPAC), accusing the SPAC was attempting to ‘execute a reverse merger with them’.

SPAC alleging Universal improperly influenced PH legislator in Okada Manila dispute

26 Capital, a special purpose acquisition company, alleged that Universal Entertainment sought to improperly influence a prominent Filipino legislator to regain control of Okada Manila property

Okada Manila former SPAC partner ‘eager to commence trial’ on July 10th

Special Purpose Acquisition Company (SPAC) 26 Capital notes that it is ‘eager to commence trial’ with Okada Manila operator Tiger Resorts Asia (TRLEI) over the group’s termination of its plans to list on the NASDAQ.

China arrested 351 ringleaders in 464,000 telecom fraud/online gambling cases in 2022

China stated owned media Global Times reported that China had resolved 464,000 cases related to telecom fraud and online gambling last year, with 351 ringleaders and key members of criminal groups arrested.

ComplianceOne Group boosts senior leadership team with former Playtech hire Jeremie Kanter

ComplianceOne Group has expanded its board and Diligence in Gaming division with the appointment of industry veteran and senior compliance professional Jeremie Kanter to the new role of VP, Regulatory and Internal Audit.

Your Daily Asia Gaming eBrief: Xi solidifies leadership, Macau follows

A good number from Macau, for once. Visitor arrivals were up for September, if under last year's performance.

26 Capital Jason Ader moves past ‘learning experiences,’ eyes listing, PAGCOR privatization, and ASEAN expansion

Jason Ader, 26 Acquisition Capital Corp Chairman and CEO, spoke on Tuesday with Asia Gaming Brief about moving forward from the 'learning experiences' of Okada Manila's recent saga. The plan is to raise capital via NASDAQ listing and expand the company's footprint in the Philippines via PAGCOR's privatization, as well as abroad, fuelled by US investors' growing appetite for the development of IR projects across the ASEAN markets.

Philippines is on track to be the Asia market leader in 2022

Gross gambling revenue from licensed casinos in the Philippines jumped more than 29 percent in 1Q22, confirming predictions that the country will be one of the best-performing markets in Asia going forward. 

Philippines needs to make clear it follows the rule of law and is a safe destination: Jason Ader

Jason Ader, Chairman and CEO of 26 Capital, has urged the incoming Philippine government to make it clear to its own citizens and allies that the rule of law is paramount and that foreign tourists, business leaders and investors can work, play and invest without fear their businesses will be disrupted.

Pragmatic Play blasts off with Spaceman

Leading content provider to the iGaming industry, Pragmatic Play, blasts into outer space in their new social and multiplayer RNG title, Spaceman.