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New Company Breaks the Cycle

With the United States’ online casinos ban firmly in place for over a year now, the internet gambling companies are finally beginning to reestablish their player-base, rebuild revenues, and expand into new markets. The U.S.’s Unlawful Internet Gambling Enforcement Act (UIGEA) put many online casinos out of business, and it certainly halted the number of new internet gambling companies that were entering the market. But AsianLogic is the first of the newer online gambling companies to break the cycle by listing on the London AIM.

The London AIM has not listed a new online casinos company since the UIGEA because the industry shrunk so quickly, new internet gambling companies had such a small chance for longevity. But now that the companies are able to recover, some are turning over enough business to justify listing on the London AIM. AsianLogic was lucky in that it has an edge in an emerging industry, giving the company as player-base that is not only untapped, but not accessible to many other online casinos companies. In addition, AsianLogic relies on the popularity of betting for a large portion of its revenue.

And as for the company listing on the London AIM, AsianLogic will start out with a market capitalization of $123 million and float at a little over GBP 111. And if the U.S. online casinos ban was a warning to anyone, investors should certainly invest in AsianLogic with caution. The company has a focus on the Asian market – a market that still has yet to fully embrace the online gambling industry.