GigaMedia

Online casinos usually have a way of making an effect on a company whether or not they are a part of the online casino industry or not. The company that we are talking about today is GigaMedia which became a corporation in September of 1999 as a limited share company that was organized via the laws of The Republic of Singapore. The company’s official debut to the NASDAQ was on February 24, 2000. This company specializes in developing software for entertainment services which include but are not limited to internet gambling, internet gaming, and other websites. This company rose so fast to become a force in the software development industry that in September of 2005 it was bought out by Rose Records and Tachung Records.

The companies that bought out the successful online casino software developer are two of the most popular retail music store chains in Taiwan. The record companies’ intents were to invest deeper into the entertainment industry in a much more comprehensive way than they would be able to with their only focus being on the music sector. So far the company feels like they have moved in the right direction and have a really bright outlook for the future as a top software developer, whether that is for online casinos or not. The 2008 numbers from GigaMedia Limited and their parent company Everest Gaming were more than favorable. They were up 25 percent from the previous year, which meant that they had a net income of $44.4 million.

The online casino industry has definitely taken notice of this company’s success in the software developing business. The Chief Executive Officer of GigaMedia, Arthur Wang said of their success: " In 2008 we delivered solid results despite the challenging macroeconomic environment, demonstrating the fundamental soundness of our business." He went on to add the following: " In 2009, our Asian online games business will deliver very strong top and bottom line growth - driven by one of the best game pipelines in the region. Online poker and casinos will face continued pressure from the tough European economy, but new marketing partnerships combined with the yields from our past investments and appropriate cost cutting will allow us to maintain our financial performance."