Casino equipment maker Light & Wonder will delist from the Nasdaq stock exchange later this year and trade exclusively on the Australian Securities Exchange.

The Las Vegas-based company made the announcement during a corporate earnings call with investors on Wednesday.

Light & Wonder President and CEO Matt Wilson said the move, approved by the company’s board of directors on July 31, is scheduled to occur in November and is designed to drive shareholder value.

“I have confidence in our strategy as we continue to execute to our long-term blueprint, which will continue to drive quality of earnings and sustainable value both operationally and financially,” Wilson said in a news release.

Light & Wonder shares on Nasdaq have fallen by more than 10 percent since the beginning of the year, bu

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