Casino News

Asian ISP sees profits rise 'thanks to gamblers'

2007-08-22 17:59:33

A Taiwan internet service provider (ISP) has found a new lease of life as an internet gambling operator.

Gigamedia, which was one of the first Asian ISPs to list on the Nasdaq market, is generating most of its profits through its gaming websites, reports VNUnet.com.

The company's revenues rose by an annualized 88 per cent in the second quarter of the year, thanks in part to poker players in the US and around the world.

"Growth was driven by increases in real money players on Everest Poker," said Gigamedia president Thomas Hui.

"Approximately 154,000 active depositing real money customers played Everest Poker during the second quarter, up 254 per cent year on year and 12 per cent sequentially."

Among the games offered by Everest Poker are Texas Hold'em, Omaha and 7-Card Stud.