A $2.6 BILLION merger is in the works between a Philippine casino hotel and a US firm which, if closed, could result in the listing of the largest Filipino company on the Nasdaq stock exchange.

Negotiations have been set between UE Resorts International Inc., the holding company behind Okada Manila, and 26 Capital Acquisition Corp., a US special purpose acquisition firm, after the Philippine Amusement and Gaming Corp. (Pagcor) returned control of the integrated casino hotel to Tiger Resort Asia Ltd. (TRAL), a UE subsidiary.