NagaCorp suspends gaming and resort project in Russia

NagaCorp

03/03/2022 14:27

March 3 (Reuters) - Cambodian casino and gaming operator
NagaCorp Ltd  3918.HK  said on Thursday it would suspend its
gaming and resort project in Russia after the country's invasion
of Ukraine.
     The gaming operator invoked a force majeure clause related
to the development of its resort project in Vladivostok, Russia,
and said the project's development would be suspended
indefinitely.  urn:newsml:reuters.com:*:nHKS8Ps5Th
    Russia's invasion of Ukraine has drawn harsh Western
sanctions and driven a number of companies to cut ties with the
country by offloading their assets or halting operations.  

 (Reporting by Tejaswi Marthi in Bengaluru; Editing by Shailesh
Kuber)
 ((Tejaswi.Marthi@thomsonreuters.com;))