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On September 7th, Iranian Foreign Ministry spokesman Bagaei stated that negotiations between Iran and Oman to demarcate a safe maritime passage through the Strait of Hormuz have made significant and substantial progress. Despite attempts by some third-party forces to obstruct and interfere, hindering the negotiations several times, the consultations between the two countries have now entered the final stage. On August 25th, Iran and Oman issued a joint statement announcing plans to establish a mutually agreed-upon safe maritime passage through the Strait of Hormuz.On September 7th, according to the Shanghai Institute of Optics and Fine Mechanics (SIOM), Chinese Academy of Sciences, the research team led by Professor Xie Peng of the Aerospace Laser Technology and Systems Department at SIOM has recently made progress in the field of multidimensional multiplexed optical computing. The relevant results were published in Laser & Photonics Reviews. Building upon the research on the "Meteor-1" ultra-high parallel optical computing integrated chip, the research team further expanded the integration of wavelength division multiplexing and space division multiplexing, as well as the sharing of multi-task matrix networks, constructing a multidimensional multiplexed optical computing architecture. This architecture enables parallel processing of multi-task and multi-modal information, verifying its feasibility in remote sensing image registration and recognition tasks.September 7th - The new generation Huawei MatePad Air was officially released on September 7th. Weighing 509g and 5.3mm thick, its the first MatePad Air series to feature an OLED screen, boasting a super-bright OLED Cloud Clear Soft Light Display with a peak brightness of up to 2000 nits. It supports 66W SuperCharge and a stylus, and is available in five colors. The Enjoy Edition starts at 4499 yuan, and the standard version starts at 5299 yuan.Jaguar Land Rover CEO: We will lay off approximately 4,000 employees globally over the next two years.On September 7th, it was reported that the US military launched attacks on multiple locations in southern Iran on September 1st, affecting a wedding event in Hormozgan province and causing numerous casualties. According to a report by the Washington Post on September 6th, the incident may have been caused by a US bomb that missed its target. A US official stated that the US airstrikes targeted a communications facility in the area. Sources indicated that a small communications tower within the facility was located in a civilian area, only about 134 meters from the wedding site. US warplanes dropped six bombs on the tower, one of which appears to have missed its target. The report also stated that US officials are simultaneously assessing other possible causes of the wedding attack, including the possibility of a falling anti-aircraft missile, but sources and weapons experts consider this highly unlikely.

Nasdaq-listed 26 Capital Will Seek A $2.5 Billion SPAC Transaction With A Casino in Manila

Haiden Holmes

Jun 16, 2022 10:50

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Wednesday, the CEO of 26 Capital Acquisition Corp said that the company remained dedicated to its $2.5 billion acquisition of the Philippines' largest integrated casino-resort, despite a control dispute involving the present owners.


Okada Manila, a 44-hectare (108-acre) property owned by companies of Japan's Universal Entertainment Corp, decided in October to combine with 26 Capital and go public in the United States.


However, the transaction has been involved in a protracted battle between Universal and its former chairman and founder, Kazuo Okada.


This conflict took a dramatic turn on May 31, when Okada's Filipino partners, aided by private security guards and local police, gained physical possession of the $3.3 billion casino in the Philippine capital.


"I anticipate Universal will regain control of Okada Manila in the near future," Jason Ader, chairman and chief executive officer of Nasdaq-listed 26 Capital, told Reuters. Both sides want to finalize the deal.


After the Philippine Supreme Court declared in April that Okada should be reinstalled as chairman of the casino's owner and operator, the casino was seized.


Tiger Resorts, the domestic subsidiary of Universal, has challenged the verdict and what it called a "illegal and brutal" acquisition.


A U.S. listing would provide Okada Manila with access to a variety of finances, clients, and lenders, according to Ader, who added that investors believe the Philippines has the potential to become one of the world's top gaming markets.


In a statement, Vincent Lim, a spokesman for Okada Manila's current administration, denied any violent takeover and said that since Okada's return, hotel occupancy rates and casino gaming activity had increased. "His reappearance has restored and revitalized consumer and shareholder trust."


The Philippines' casino industry has begun to recover from the epidemic, with total gaming revenues increasing 14 percent to 113 billion pesos ($2.12 billion) in 2021, albeit still below the record-breaking 256 billion pesos in 2019.


In contrast, Macau, the largest gambling hotspot in the world, continues to suffer under Beijing's "zero-COVID" policy.


Okada was removed from the boards of Universal and its Philippine subsidiary in 2017 on suspicion of misappropriating corporate cash, which he denies.


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