Flutter Entertainment said today it would delist from the London Stock Exchange in August while retaining its primary listing on the New York Stock Exchange, dealing a fresh blow to the British capital’s financial markets.

The betting giant said the decision was in the best interests of its shareholders, about a month after it began a review of the London listing and two years after it decided to swap its primary listing to the NYSE from Dublin.

Flutter, the world’s largest online betting company, cited low trading volumes and regulatory costs in London for abandoning the secondary listing, with the last day of trading set for July 31 and delisting for August 3.

The company joins a growing list of companies that have either shelved plans to list in London, exited the market altogether, or aimed to better capitalise on stronger foreign markets by demoting or scrapping their London listing.