HONG KONG, June 8 /PRNewswire-Asia-FirstCall/ -- GigaMedia Limited (Nasdaq: GIGM) today announced that its Everest Poker and BetClic Poker operations, jointly owned with Mangas Gaming, received online poker licenses as part of the first grant of licenses in France.
Everest Poker and BetClic Poker accounted for two of the seven licenses granted in the initial approvals.
Everest Poker and BetClic Poker expect to begin French operations in late June 2010.
Mangas Gaming is jointly owned by the Lov Group of famed media executive Stephane Courbit -- and SBM -- the Societe des Bains de Mer de Monaco, controlled by the Principality of Monaco. SBM is the owner of the world renowned Monte Carlo Casino in Monaco. Mangas Gaming is a leader in European gambling with operations including BetClic, Expekt, and Bet-at-Home, together offering sports betting, poker and casino services to over four million registered users in over 25 countries.
GigaMedia Limited (Singapore registration number: 199905474H) is a major provider of online entertainment software and services. GigaMedia develops and licenses software for online gaming. GigaMedia also operates online games businesses including FunTown, a leading Asian casual games operator and one of the world's largest online MahJong game sites in terms of revenues, and T2CN, a leading online sports game operator in China. More information on GigaMedia can be obtained from http://www.gigamedia.com .
The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the company's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in June 2009.
For further information contact: Brad Miller, Investor Relations Director Tel: +886-2-2656-8016 Email: email@example.com
SOURCE GigaMedia Limited