|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||15.13 - 15.13|
|52 Week Range||9.85 - 22.11|
|Beta (5Y Monthly)||1.29|
|PE Ratio (TTM)||36.02|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 26, 2018|
|1y Target Est||N/A|
Subscribe to Yahoo Finance Plus to view Fair Value for UETMF
The Philippines' largest casino could still complete a $2.5 billion merger and listing in the United States late this year, with audits and talks progressing after a management dispute, the CEO of a blank-check company pursuing the listing said. The Nasdaq debut of the Okada Manila integrated casino-resort through 26 Capital Acquisition Corp was agreed in October last year, but has faced several delays because of a feud between shareholders. "Our company is planning to move full-steam ahead with Universal Entertainment Corp to list Okada Manila," Jason Ader, chairman and CEO of 26 Capital, told Reuters late on Tuesday.
Japan's Universal Entertainment Corp said on Sunday its local representatives in the Philippines have taken over the operations of the Okada Manila gambling resort, the latest step in a long-running ownership dispute. Universal said in a statement accompanied by a copy of a Sept. 2 order from the local gaming regulator that the takeover of the $3.3 billion gambling resort, the largest in Southeast Asia, had been "generally peaceful". The regulator, Philippine Amusement and Gaming Corp. (Pagcor), said in its order that it was withdrawing its recognition of board members of Tiger Resort Leisure and Entertainment, the developer and operator of Okada Manila, previously installed by a group including Japanese tycoon Kazuo Okada.
Okada Manila, the Philippine casino at the centre of a bitter dispute about its ownership, saw a pick up in visitors in June from the month before, management said. "With the economy and borders opening up, Okada Manila is expected to sustain the momentum," management said in the statement as it held its first news conference since it took physical control of the casino on May 31. Filipino associates of Japanese tycoon Kazuo Okada seized the $3.3 billion casino, which is owned by Tiger Resort, Leisure & Entertainment, ousting its previous management with the help of private security guards and local police.