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AsianLogic
Listing
on
Aim
January
8,
2008
With
their
intent
to
pay
out
dividends
to
their
shareholders,
AsianLogic
has
announced
that
they
are
looking
to
become
the
first
major
online
gambling
company
to
list
on
Aim
since
the
Unlawful
Internet
Gambling
Enforcement
Act
was
passed
last
year.
With
other
online
gambling
companies
running
from
the
US,
it
is
remarkable
that
they
are
running
into
the
fray
instead
of
out
of
it.
The
company
is
based
in
Hong-Kong
and
will
be
floating
at
111.62p
with
their
market
capitalization
at
£123m.
They
have
already
raised
millions
to
fund
their
expansion
and
although
some
say
that
they
may
be
getting
a
bit
too
ambitious,
they
say
that
they
are
simply
following
a
dream.
The
company
generates
three
quarters
of
their
total
revenue
from
online
casino
games,
but
has
other
interests
as
well.
The
online
gambling
company
also
has
sports
betting
shops
in
the
Philippines.
With
Asian
betting
growing
as
much
as
it
has
as
of
late,
they
know
that
the
best
thing
they
can
to
is
capitalize
on
the
market.
In
Malaysia
and
Singapore,
online
gambling
laws
are
very
liberal,
and
gambling
is
wide
spread.
There
does
not
seem
to
be
the
concern
of
online
gambling
addiction,
and
thus
it
is
very
popular
among
their
residents.
The
company
is
fortunate
that
they
are
one
of
the
biggest
online
gaming
groups
in
Asia
and
are
able
to
capitalize
on
that
growth.
However,
the
company
has
to
be
very
careful
about
how
they
handle
the
semantics
of
their
investments.
As
aiding
and
abetting
online
gambling
is
considered
a
serious
criminal
offence
in
Hong
Kong,
the
company
does
not
take
any
bets
from
there.
However,
depending
on
how
the
law
is
interpreted,
the
company
could
be
in
jeopardy
of
breaking
that
law
themselves.
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