Login/Register
Pragmatic Play

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 [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Related Videos
Pragmatic Play