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GigaMedia to review Everest options amid mounting losses

23rd March 2012 9:55 am GMT

GigaMedia said Thursday that it will review its options on its 40 per cent holding in Everest Gaming later this year after reporting a non-cash investment loss of US$36.3m in the fourth quarter of 2011 from its stake in Everest.

Everest Gaming reported to GigaMedia total revenues of $10.9m in the fourth quarter, down 29 per cent year-on-year, with poker revenues falling 31 per cent to $7.4m.

Everest said it had approximately 82,000 unique active players at [...]

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