Casino Talks

Posted by: ian_go at June 10, 2005, 6:58 am

Topic: Were you treated unfairly by a Grand Virtual Casino? Forum: Winner Online

a little off topic here, but some recent news on this casino group.
They may have new software, but they need to fix their PR outlook.
We know what happens to companies in a service industry who are
to focused on technology

GigaMedia, the Taiwanese entertainment firm that acquired casino software firm Grand Virtual last year, has reported a big rise in revenue for Q4 2004 as a result of a new software launch. The firm said revenue rose by over 300% to US$6.8m compared to the previous quarter “primarily driven by new game software launched during the period in the online casino ertical”. During the fourth quarter it released four new casino-based games and continued marketing a multi-player, online poker product launched in the third quarter of 2004 targeting non-English-speaking markets. GigaMedia said it will continue to invest in this business unit in 2005 to scale up operations, better capture market opportunities and capitalise on the high margins inherent in the entertainment software development business.

from egrmagazine.com

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