Gigamedia Shares Soar
By staff
Shares in online casino and poker company GigaMedia Ltd have hit a seven-year high after the company released better-than-expected financial results.

The company showed last week that it had successfully transformed itself from a struggling broadband company to an online gambling and entertainment empire with a strong European presence with reach into the growing Asian market.

The stock had slumped in August but shot up to the $23 range after analysts predicted GigaMedia could benefit from the easing of regulations in Europe as the European Commission aggressively pursues its free-trade policy.

Analysts stated that GigaMedia is also attractive as a long-term investment stock due to its Asian presence. The Asian online gambling market is considered the last frontier for companies and potentially the most valuable. Aware of this, GigaMedia secured a license to offer and operate the multiplayer online role-playing game Holic in China, Taiwan, Hong Kong and Macau.

GigaMedia owns a popular range of online casinos including,,,, and along with one of the world's largest online poker rooms,

Online Casino provides online gamblers with information on online casino gambling, sports betting tips, wining casino tips, internet casino reviews, sports odds, matchups, results, editorial and much, much more… We also have an industry insider’s section including Internet gaming press releases, a calendar of events and gaming industry news.
Bluff Europe: Europe's leading Poker Magazine brings you the latest Poker News, Player Interviews and all the best Online Poker offers Poker in the Park: Europe's largest Poker Festival.