For the last two quarters of 2009, GigaMedia Group also owns Everest Poker is part of the result that turnover remained virtually stable (between ~ 37.7 and ~ 37.2 million dollars). That said, it is not true for net profits which have significantly dropped in from the second quarter of $ 128 000 + to -2.4 million for the third quarter.
According to the official statement of this group the difference in profits is linked to the pressure of competition in Europe.
Economic conditions making such negative results, but the group also had significant marketing spend to online games in Asia, such as for two new role-playing multiplayer (MMORPG) that GigaMedia inaugurated.
When the figures published Everest Poker, has just been bought by Mangas Gaming this causes a clarification.
Compared to last year, we can see that the turnover meets a drop of 33% over the same periods. This site has generated a turnover of nearly $ 17.4 million in the second quarter and $ 15.8 million in the third quarter of this year.
While the group to retain each quarter 30 000 new players who made a deposit, the site number 165 000 players storing capital in the 2nd quarter and 156 only 000 players in the 3rd quarter.
Compared to the year 2008, casinos online meets real cuts. GigaMedia meets a drop of 9% with sales of $ 8.7 million, and 12% or 9.6 million of quarterly revenue.
This is also enjoyed by several other casinos, leaving executives anxious. These do not admit defeat so far and have found a good solution to the causes of this depression.