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Gigamedia Q1 revenues fall 17%

1st June 2010 10:35 am GMT

Online gaming software developer Gigamedia has reported a 17 per cent year-on-year fall in consolidated revenues to US$37.08m for the first quarter of 2010, following a 21 per cent fall in online poker revenues and a 13 per cent fall in online casino revenues.

Gigamedia's Everest branded gambling software business contributed $25.8m to consolidated revenues, a fall of 19 per cent year-on-year and 12 per cent lower than the previous quarter, with operating income down 24 [...]

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