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MOTLEY FOOL SAYS GIGAMEDIA IS A GOOD BET
The current Motley Fool publication was looking at future investment Internet dream stocks this week, using criteria such as market caps of at least $100 million; three-year revenue growth rate of at least 15 percent; price-to-earnings ratios of less than 25 and gross margins of at least 50 percent.
And among the future winners emerging from its analysis was Grand Virtual and Everest Poker parent, the Taiwan group Gigamedia.
Motley Fool looked at Nasdaq-listed Gigamedia's attributes before commenting:
"Online gaming company GigaMedia is stacking its chips with its popular Everest Poker site; its revenue grew 56 percent year over year. And with its sponsorship of the 2008 World Series of Poker, the company will get immense exposure, what with its logo put on every tournament table and more than 300 million households around the world watching on ESPN.
"With the company's consistently high gross margins and a share price that is down nearly 30 percent over the past few months, some see GigaMedia as set to take off. At least 98 percent of the 1 827 CAPS members [at Motley Fool] rating GigaMedia see it that way, because they've picked it to outperform the market."
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Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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