Asian casino operator Donaco International reported a nine-figure net loss in the last six months of 2017 thanks to a writedown at its flagship Cambodian venue.

On Wednesday, the Australian-listed Donaco announced revenue falling 25.5% to A$44m (US$34.3m), while earnings slid nearly 42% to A$19.4m and statutory net profit after tax (NPAT) swung to a A$133.8m ($104.2m) loss versus a A$14.8m profit in fiscal H117.

Donaco’s results were undone by a A$143m non-cash impairment of the casino license of Star Vegas, the company’s flagship property in Poipet, Cambodia. Absent this big blotch of red ink, Donaco said its underlying NPAT would have been A$8.2m.

The writedown was the result of Donaco’s ongoing legal squabble with its former Thai vendor, who has continued to oversee gaming activity at the Star Paradise Hotel, which sits adjacent to Star Vegas, despite the contract between the parties having expired last summer. The Thai vendor also runs a second gaming venue “concealed behind a supermarket operation.”