Philippine casino operator will pursue Japan expansion, says CEO

October 20, 2021 Emerging Markets Industry Updates

Jason Ader (pic), chairman and chief executive officer of 26 Capital Acquisition Corp, plans to pursue casino opportunities in Japan and elsewhere after completing the purchase of a large casino resort in the Philippines.

“The company will own assets beyond the Philippines over the next several years,” Ader said in an interview Monday. “This company is not expecting to be just a single asset company in perpetuity.”

Ader, who took 26 Capital public earlier this year as a shell company, agreed to merge it last week with Okada Manila, a luxury resort in the Philippines owned by Japan’s Universal Entertainment Corp. Universal will receive an 88% stake in the new business.