Universal Entertainment Extends Merger Deadline But Remains Committed to Okada Manila Deal

26 Capital Acquisition Corp. and UE Resorts International (UERI) have extended the timeframe for their business combination. However, this doesn’t signify an end to their plans! They remain fully dedicated to the merger – they simply require a little additional time to solidify all the details.

Imagine scheduling a wedding and then realizing you need a couple more months to perfect the seating arrangements.

Their new target date is October 1, 2023, instead of the initial date in 2022. This extension will allow them to navigate the intricacies of merging two entities, particularly in a fluid sector like the gaming industry.

The positive takeaway is that all parties involved are still enthusiastic and optimistic about the possibilities this merger presents. Upon completion, UERI will transition into a publicly listed company, unlocking new avenues for growth and expansion within the Asian gaming market.

The twelve-month extension sought by Universal Entertainment demonstrates their dedication to concluding this purchase.”

Last month, Adel engaged with Gaming Inside to converse about Universal Entertainment’s endeavors to reclaim authority over Okada Manila. Kazuo Okada, the company’s removed co-founder and board member, had forcefully seized control of the Okada Manila casino resort in May.