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GigaMedia suffers as 2009 poker revenues drop 30%

13th May 2010 9:21 am GMT

GigaMedia said this morning that it has completed the sale of a 60 per cent interest in its online gambling software business to France's Mangas Gaming, after the company posted a 16 per cent fall in total revenues to $159.6m for 2009, suffering from a worse than expected performance from both the company's online gambling software and Asian online games businesses.

Revenues from GigaMedia's online gaming software business, which includes the Everest Poker platform, fell 22 [...]

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