GigaMedia Revenue Continuing to Climb

Revenues for their third-quarter have climbed 76 percent, up to $43 million, GigaMedia Limited has announced. Operating income has also increased by 66 percent, to $10 million.

The continued growth is due to GigaMedia's software business they have in Continental Europe as well as having growing contributions in Asia with its online games business.

"Third-quarter results were strong, with no decline in our poker business despite the seasonal downturn," stated GigaMedia President Thomas Hui. "In addition, we made substantial investments in the third quarter to drive strong growth for the rest of 2007 and through 2008."

"Over the next few quarters, we plan to add several top-tier games to our platforms and expand our strategic partnerships - key steps to driving even stronger growth," stated GigaMedia CEO Arthur Wang. "We continue to execute well and are confident that we are building a dominant online entertainment platform."

Everest Poker won the Poker Operation of the Year award at the 2007 eGaming Review Awards ceremony in London, during the third quarter. This is one of the online gaming industry's top honors. Also at the award ceremony, winning the Hot Shot Operator of the Year category. In only two years, Everest Poker has proben to be a favorite among players worldwide. Winning these two awards, it shows their quality strength and incredible growth.