The sale of Manila’s largest luxury casino to a blank-check company will be the subject of a week-long trial in the Delaware Court of Chancery. The dispute involves a $275 million investment in Universal Entertainment Corp.’s 100-acre Okada Manila Resort & Casino, which is valued at $26 billion.
The court has a lot of activity on its post-holiday schedule this week:
Monday: 26 Capital Acquisition Corp. v. Tiger Resort Asia Ltd., Del. Ch., No. 2023-0128, trial begins 7/10/23.
At issue: Vice Chancellor J. Travis Laster fast-tracked the lawsuit brought by a blank-check affiliate ...
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