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Ukraine war

Cambodian casino group NagaCorp halts Russian project

Ukraine war provides chance to escape problematic commitment, analysts say

Business at the Tigre de Cristal casino near Vladivostok, seen here on its opening day in 2015, has been hit hard by COVID.   © Reuters

PHNOM PENH -- Cambodian casino operator NagaCorp has suspended development of its first overseas project, a casino resort near Vladivostok, Russia, citing "various uncertainties."

The company did not directly mention Russia's invasion of Ukraine or the resulting sanctions many governments have announced on financial and business dealings with Russia in its filing with the Hong Kong Stock Exchange on Thursday night.

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