The online gambling group, AsianLogic, which has been listed on the London Stock Exchange AIM since 2007, has convened the members of its Board to discuss the future of the group’s status as a listed company. Shares have fallen by 70% in the past 12 months, and the group believes that it is in its best interest to cancel its admission to the stock market and concentrate its funds and growth on the off-market business.

“The Board has unanimously decided to recommend delisting to the shareholders as we feel that the current economic environment means there is little benefit to AsianLogic and its shareholders in remaining listed,” said the Executive Vice Chairman of AsianLogic, Tom Hall. “The delisting will reduce costs and management time associated with a listing on AIM and will enable AsianLogic to focus its operations to better service our shareholders, business partners and customers alike.”