Canadian online gambling operator Intertain Group says it will proceed with plans for a UK stock exchange listing after failing to receive any satisfactory offers to purchase the company.

On Tuesday, Intertain announced that it planned to implement its ‘UK Strategic Initiatives,’ including establishing a new London-headquartered UK corporation that would pursue a listing on the main market of the London Stock Exchange.

Intertain said it had decided to pursue the UK strategy after its strategic review process resulted in the company receiving “preliminary and refined proposals from highly-credible strategic parties” looking to acquire Intertain outright. Intertain said it also received offers to acquire “material business units” of the company.

However, while Intertain said it had held talks with the various parties submitting these offers, “no definitive proposals” had been received. As a result, Intertain’s board said “continuing to operate as a standalone business” under its new UK-based management team “offers a significant opportunity to maximize the potential long-term value” of the company.