PR93566

MANILA, Philippines and TOKYO, Dec. 9, 2021 /PRNewswire=KYODO JBN/ --

    - The name change underscores the corporation's commitment and focus on

driving growth opportunities and providing guests with a first-class experience

Okada Manila International, Inc., the anticipated holding company of Okada

Manila, one of the premier destination casino resorts in Asia and the largest

integrated resort in the Philippines, today announced that it has approved its

corporate name change to "UE Resorts International, Inc."  The new name was

created to better reflect the corporation's expansion plans in Asia and other

countries around the world, including the U.S.

UE Resorts International, Inc. commits to supply superior value in gaming,

gaming technology, lodging and entertainment. As part of the name change, UE

Resorts International, Inc. will honor its commitment to utilize its prime

waterfront real estate in Entertainment City, Manila to drive consumers and

potential guests from across the globe to its luxurious Okada Manila integrated

resort in the Philippines.

"The transition to UE Resorts International, Inc. marks another milestone for

our business," said Byron Yip, President of UE Resorts International, Inc. "The

corporation continues to show it's taking advantage of its alluring destination

in one of the fastest-growing gaming markets in the world to stimulate revenue

while providing its guests with outstanding experiences."

In October, Okada Manila International, Inc. announced it entered into a merger

agreement with 26 Capital Acquisition Corporation (NASDAQ: ADER), a Miami-based

publicly traded special purpose acquisition company founded by renowned gaming

expert Jason Ader, to become a publicly traded company. The deal may provide up

to $275 million of cash to the business, and the transaction is expected to

close in the first half of 2022. The name change will accommodate this exciting

new chapter for the business entity as it continues to expand in the

Philippines and look outside its current market for additional opportunities.  

"As the business continues to evolve, it was fitting to change the name," said

Jun Fujimoto, Chairman, President and CEO of Universal Entertainment

Corporation, the parent company of UE Resorts International, Inc., which,

through its wholly owned subsidiary Tiger Resort, Leisure and Entertainment,

Inc., operates the Okada Manila resort. "Our partnership with Jason Ader and 26

Capital was only the beginning of our plans. We have decided to change the

company name of Okada Manila International, Inc. to UE Resorts International,

Inc. to focus our combined efforts for the future growth and development of

Okada Manila and our ambitions to establish a presence in other countries

around the world."

At over 50 acres, Okada Manila includes approximately 35,000 square meters of

gaming space with the capacity to operate 599 gaming tables and 4,263

electronic gaming machines. When the current construction is complete in 2022,

the resort will have licensed capacity to operate 974 gaming tables and 6,890

electronic gaming machines. The property also includes two hotel towers with

993 luxury rooms, a retail boulevard with space for 50 shops, Cove Manila night

club and indoor beach club, over 25 dining options, and one of the world's

largest multicolor dancing and musical fountains.

To learn more about UE Resorts International's history and its premier

destinations, please visit: www.ueresortsinternational.com.

About UE Resorts International, Inc.

UE Resorts International, Inc. is the holding company of Okada Manila, the

premier casino and integrated resort in Entertainment City, Manila. Okada

Manila is the largest integrated resort in the Philippines and amongst the

largest in the world. Located in one of the fastest-growing gaming markets in

Asia, Okada Manila sits on over 50 acres of land, and upon final completion

will have licensed capacity to operate 974 gaming tables and 6,890 electronic

gaming machines and have 993 luxury hotel rooms.

About Universal Entertainment Corporation

Universal Entertainment Corporation (TSE: 6425) is a key player in the Asian

integrated resorts business through its ownership of the Okada Manila hotel and

casino. Universal Entertainment Corporation is also a leading manufacturer of

gaming machines in Japan where it designs, produces and distributes Pachinko

and Pachislot machines.

SOURCE  26 Capital

CONTACT: Robert Ford, 5W Public Relations, (646) 430-5164, rford@5wpr.com;

Laura Tyther, 5W Public Relations, (332) 237-6222, ltyther@5wpr.com