Rhea-AI Summary
Tiger Resort, Leisure and Entertainment, operating as Okada Manila, has entered a merger agreement with 26 Capital Acquisition Corp. (NASDAQ: ADER), allowing Okada Manila to become publicly traded on Nasdaq. The merger values Okada Manila at $2.6 billion and provides up to $275 million in cash. The partnership aims to leverage expertise in gaming and hospitality for growth. Okada Manila is the largest integrated resort in the Philippines, with a total investment of $3.3 billion. The merger is expected to close in the first half of 2022, pending stockholder approval.
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