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Steve Tsao New Funtown COO

Wednesday September 26,2012  : GIGAMEDIA APPOINTS HEAD OF ONLINE GAME DIVISION
 
Will drive online gaming subsidiary FunTown
 
GigaMedia Limited has appointed Steve Tsao as president and chief operating officer of online gaming business FunTown.
 
Tsao co-founded United Arab Emirates-based Tahadi Games and led the company from November 2008 to December 2011 as chief executive officer. During that time, Tahadi expanded its operations to four different countries; valuation increased more than five times.
 
Prior to that, Mr. Tsao co-founded IP E-Games in the Philippines. Under his leadership as a director and president, the company grew in four years from a start-up to a publically traded market leader in Southeast Asia.
 
He was also founder, director, and chief operating officer of IP-Ventures Group from 2004 to 2008, an investment incubator focused on technology and media companies in Southeast Asia.
 
"Steve is the real deal: a great strategic thinker with strong operational skills and an avid gamer/successful entrepreneur who knows how to win – all the skills, qualities and experience we need to build New FunTown," said GigaMedia chief executive officer John Stringer. "Steve is already driving change to reinvigorate and strengthen New FunTown, positioning our games business for an improved 2013."
 
Tsao has been tasked with the creation of a new business model and the growth of FunTown as well as FunTown's development to the web and mobile gaming platforms.

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Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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