Brief: Falcon's Beyond Global Reported, On March 7, Katmandu Park In Punta Cana, Dominican Republic Was Closed To Visitors

Falcons Beyond Global

12/03/2024 10:21

March 12 (Reuters) - Falcon's Beyond Global Inc
 FBYD.O :
    * FALCON'S BEYOND GLOBAL INC -  ON MARCH 7, KATMANDU PARK IN
PUNTA
CANA, DOMINICAN REPUBLIC WAS CLOSED TO VISITORS
    * FALCON'S BEYOND GLOBAL - CLOSURE FOLLOWS FINANCIAL,
OPERATIONAL,
AND INFRASTRUCTURE CHALLENGES AT KATMANDU PARK, RECENT SHIFT IN
STRATEGIC FOCUS OF CO
    * FALCON'S BEYOND GLOBAL - BELIEVES CLOSURE OF PARK IS IN
BEST
INTEREST OF JV AT THIS TIME BECAUSE CLOSURE ELIMINATES POTENTIAL
ONGOING OPERATING LOSSES
    * FALCON'S BEYOND GLOBAL - TO RECORD IMPAIRMENT CHARGE OVER
INVESTMENT IN SIERRA PARIMA JV IN AUDITED FINANCIAL STATEMENTS
FOR YEAR ENDED DEC 31, 2023

Source text for Eikon:  ID:n0001213900-24-021552 
Further company coverage:  FBYD.O 

 ((Reuters.Briefs@thomsonreuters.com;))