Asian casino operator Donaco International Ltd has finally launched its online gambling business, nearly two years after it received a license from Cambodian authorities.

On Thursday, the Australian-listed Donaco issued its annual results for the 12 months ending June 30, during which the company booked a statutory loss of AU$124.5m (US$90.4m). However, Donaco notes that the loss was due to the AU$144m non-cash impairment charge the company announced last December.

That write-down resulted from the company’s ongoing legal fight with the Thai vendor that Donaco hired to manage gaming operations at its Star Paradise Hotel, which lies next door to Donaco’s flagship Star Vegas casino in Poipet, Cambodia.

It’s a long story, but the Thai vendor refused to stop operating gaming at Star Paradise (since rechristened as Winsor) following the expiration of its contract with Donaco, then opened up a rival casino (Star Paramax) nearby while also poaching Donaco’s Thai junket operators. Donaco obtained an injunction ordering both rogue casinos to close but the case continues to wind its way through Cambodia’s legal system.