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Gambling: GigaMedia New Chairman
TheStreet.com reports that persistent rumours of an acquisition deal being negotiated between PartyGaming and Gigamedia have heightened interest in the appointment of a new chairman at the Taiwan online gambling group, which owns the popular Everest Poker website and Funtown, the Internet's largest Mahjong site.
Gigamedia this week appointed board member Michael Ding as chairman following the resignation of former chair Daniel Wu on April 30 2009, citing "personal and family obligations" as his reasons for leaving.
GigaMedia's market cap stands a little over $330 million, TheStreet reports. GigaMedia recently dampened expectations in its first quarter outlook, with revenues expected to fall by 10 percent in its gaming software segment. However, the Asian-facing group also expects its Asian online gaming business to grow around 30 percent compared to the fourth quarter 2008.
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Gambling News :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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