Poker.co.uk

Poker Info
DATE: May 26 2012
TIME :

Poker.co.uk - Poker news archive

The Gambling Network

Poker.co.uk - Poker News Archive

Wednesday 15th August 2007

Online Poker Provider Posts Record Profits

Leading Taiwanese online poker software provider and licensor GigaMedia Ltd has announced that second quarter revenues climbed 88 percent to $40.1 million with operating income increasing 119 per cent to $10.1 million when compared to last year.

The Taipei-based firm said that continued record revenues from its poker software business in continental Europe and growing contributions from its online games business in Asia drove its growth.

'Second quarter was another record for GigaMedia with outstanding performance in every business unit,' said Arthur Wang, Chief Executive Officer for GigaMedia. 'More important, we expect even stronger growth in the second half and excellent momentum into 2008.'

GigaMedia secured majority control of T2CN, a leading online game portal in China and operator of an online sports game, in July by increasing its total equity ownership to 52 percent.

'We are beginning to see the early returns from our investment in our Asian online games platform,' said Arthur Wang, Chief Executive Officer for GigaMedia.

'With an exciting pipeline of new games and a footprint reaching over 64 million registered users, we are very enthusiastic, very confident that we have built the foundation of a powerful business.'

Source: OnlineCasinoNews

View Similar Stories
Poker Sale Hits Online Casino Profits
Online Casino Provider Announces Winning Results
Profits up for Online Casino Software Company
Online Poker draws the fairer sex
Online Casino Profits in the Red

Discuss this story in the Poker Forum. Last 5 Posts:
Saturday 26^th May, 2012: New Bap - Day 3
Saturday 26^th May, 2012: Party Poker and William Hill (iPoker) BAP
Saturday 26^th May, 2012: Brag Thread! Post your greatest wins (online or live) here.
Saturday 26^th May, 2012: WSOP Fantasy Draft 2012
Friday 25^th May, 2012: One way poker Swapsies

Poker.co.uk is part of The Gambling Network | Terms and Conditions | Privacy Policy | Contact Us | Gamble Aware

Poker.co.uk is operated by InTouch Poker Ltd (hereinafter called the "Company"), a limited liability company with registration number C44236, registered in Malta (a member of the EU since May 2004). The Company’s registered address is at Vincenti Buildings, Suite 623, 14/19 Strait Street, Valletta VLT 1432, Malta. The Company operates the Poker.co.uk online poker room under a provisional license issued and regulated by the Lotteries and Gaming Authority ("LGA") of Malta (issued on 2 December 2008, number LGA/CL3/412/2007). The software used for operating the Poker.co.uk online poker room is licensed from Boss Media Malta Poker Limited. Our services are not available to residents of the United States, US Virgin Islands, US Minor Outlying Areas or Turkey or any other jurisdiction that legally prohibits its citizens from engaging in online gaming.