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Aug 13, 2024 - 15:11
By asia.nikkei.com

Cambodia's NagaCorp flags up to $95m charge on Russia casino project

HONG KONG -- Cambodian casino operator NagaCorp said it will log an impairment charge of nearly $100 million on a Russian gambling project stalled by the Ukraine war, potentially dragging its earnings into negative territory.

The Hong Kong-listed casino operator said Monday night that the charge on its gaming and resort project in Vladivostok, in the Russian Far East, is expected to be between $85 million and $95 million.